S&P 500 Futures Little Changed Following Thursday’s Selloff
S&P 500 futures were little changed early Friday after the major averages slid following a lackluster earnings forecast from retail giant Walmart.Futures for the Dow Jones Industrials plunged 239 points, or 0.5%, to 44,029, as shares of UnitedHealth tumbled on a Wall Street Journal report that the insurer is under investigation by the Justice Department.Futures for the much-broader index advanced four points or 0.1%, to 6,140.50.Futures for the tech-heavy NASDAQ hiked 88.25 points, or 0.4%, to 22,230. On a week-to-date basis, the S&P 500 is on pace for a slim gain of less than 0.1%, while the NASDAQ Composite is off 0.3%. The Dow is the underperformer, tracking for a 0.8% loss over the period.Investors pointed to a smattering of reasons behind the market’s selloff in addition to Walmart’s 6.5% dip, including lingering inflationary concerns and declines in shares of Palantir.In Japan, the Nikkei 225 forged higher 0.3% Friday, while in Hong Kong, the Hang Seng ballooned 4%. Oil prices sank 54 cents to $71.94 U.S. a barrel. Gold prices dipped $9.20 to $2,947.90 U.S. an ounce.
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