US equity futures sink in sharp move ahead of the open
S&P 500 futures are down 24 points, or 0.5% ahead of the open. Futures were flat an hour ago but the selling has picked up in the past 30 minutes.There are two worries:1) Adobe shares are down 12% in the pre-market. This is the first real earnings crack in a high-flying AI stock.2) It's quad witching so this could be mostly mechanical.The drop should have the index opening near yesterday's lows. This article was written by Adam Button at www.forexlive.com.
S&P 500 futures are down 24 points, or 0.5% ahead of the open. Futures were flat an hour ago but the selling has picked up in the past 30 minutes.
There are two worries:
1) Adobe shares are down 12% in the pre-market. This is the first real earnings crack in a high-flying AI stock.
2) It's quad witching so this could be mostly mechanical.
The drop should have the index opening near yesterday's lows. This article was written by Adam Button at www.forexlive.com.
