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#Futures Movers: U.S. stock futures sink after worst week since October

U.S. stock futures edge higher after tech-led pullback from record highs

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“#Futures Movers: U.S. stock futures sink after worst week since October”

Dow futures down more than 200 points Sunday

U.S. stock futures fell late Sunday, following Wall Street’s worst week since October.

Dow Jones Industrial Average futures
YM00,
-0.68%
slid more than 200 points, or 1%, while S&P 500 futures
ES00,
-0.82%
and Nasdaq-100 futures
NQ00,
-0.93%
both fell more than 1%.

Stocks tumbled Friday, with the three major indexes posting their worst week, and overall month, since October, as volatile trading in a number of heavily shorted companies such as GameStop
GME,

+67.87%

and AMC Entertainment
AMC,

+53.65%

sparked worries of a bubble.

Read: What January’s market decline means for stock returns in 2021

For the week, the Dow
DJIA,
-2.03%
closed 3.2% lower, the S&P 500
SPX,
-1.93%
fell 3.3% and Nasdaq Composite
COMP,
-2.00%
was off 3.5%. On a monthly basis, the Dow lost 2%, the S&P 500 shed 1.1% and the Nasdaq Composite gained 1.7%.

Mike Murphy

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