Stocks Dip After Worst Day of ’22 for Dow - InvestingChannel

Stocks Dip After Worst Day of ’22 for Dow



Stock futures are little changed in pre-market trading Friday following the Dow Jones Industrial Average’s worst day of 2022 as investors dumped risk assets amid geopolitical concerns.

Futures for the 30-stock index descended 89 points, or 0.3%, to 34,142.

Futures for the S&P 500 dropped 7.25 points, or 0.2%, to 4,367.25

Futures for the NASDAQ fell 11.75 points, or 0.1%, to 14,153.

Major averages are on pace for their second negative week in a row. The Dow is down 1.2% week to date, while the S&P 500 has fallen 0.9% and the NASDAQ declined 0.5% this week.

Roku shares dropped as much as 12% in extended trading after the video-streaming company reported a revenue miss and issued a weaker-than-expected guidance.

Investors continue to be on edge about the ongoing tensions between Russia and Ukraine. The Ukrainian government and Russian state-controlled media on Friday exchanged fresh accusations of cease-fire violations at the border.

Ukraine on Thursday accused pro-Russian separatists of attacking a village near the border. In the U.S., meanwhile, Secretary of State Antony Blinken spoke to the United Nations and warned that the situation is at a “moment of peril.”

Overseas, in Japan, the Nikkei 225 lost 0.4 while in Hong Kong, the Hang Seng retreated 1.9%

Oil prices chucked $1.87 to $89.89 U.S. a barrel.

Gold prices forked over a dollar to $1,901 U.S. an ounce.