Dow futures shed 0.5%, investors retreat as Israel attacked
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Investing.com - U.S. stock futures were trading lower during Sunday's evening trade, amid an early flight to safety following a Hamas attack on Israel over the weekend.
By 6:40pm ET (10:40pm GMT) Dow Jones Futures shed 0.5%, Nasdaq 100 Futures lost 0.6% apiece and S&P 500 Futures lost 0.7%
The Israeli-Palestinian conflict escalated to full-blown war on Saturday, as Hamas fighters launched invasions across Israeli towns, resulting in hundreds of casualties on both sides.
During Friday's trade, the Dow Jones Industrial Average added 288 points or 0.9% to 33,407.6, the S&P 500 lifted 50.3 points or 1.2% to 4,308.5, NASDAQ Composite gained 211.5 points to 1.6%.
On the data front, closely watched nonfarm payrolls data came in at 336K jobs added verses 170K expected. Simultaneously, wage growth was relatively subdued, indicating a potential easing of inflation, which reassured investors.
On the bond markets, yields slightly receded from 16-year highs as stocks rose on Friday. with the 10-Year Treasury yield at 4.712%.
The bond markets will also remained closed on Monday in observance of Columbus Day.
Dow futures shed 0.5%, investors retreat as Israel attacked 6