watch
now
Stock
market
futures
dipped
on
Wednesday
evening
as
Wall
Street
sought
to
stabilize
following
several
dramatic
swings
in
recent
days.
Futures
tied
to
the
Dow
Jones
Industrial
Average
lost
112
points,
or
about
0.3%.
S&P
500
futures
slipped
0.5%,
while
Nasdaq
100
futures
fell
0.7%.
The
move
in
futures
comes
after
stocks
were
unable
to
hold
an
early
rally
on
Wednesday,
fueling
concerns
that
the
factors
that
caused
Monday’s
sell-off
haven’t
gone
away.
The
S&P
500
fell
0.77%
and
the
Nasdaq
Composite
sank
1.05%.
The
30-stock
Dow
shed
about
234
points,
or
0.60%.
All
three
averages
have
now
declined
in
four
of
the
past
five
sessions.
The
recent
jolt
of
volatility
into
the
market
could
be
a
preview
of
the
rest
of
the
year,
said
Joseph
Ferrara,
investment
strategist
at
Gateway
Investment
Advisers.
Ferrara
told
CNBC
on
Wednesday
that
economic
concerns,
geopolitical
conflict
and
the
looming
November
elections
could
keep
investors
on
edge
in
the
coming
months.
“Given
kind
of
all
of
that
and
more
—
there’s
the
known
and
then
the
unknown
—
I
think
investors
should
be
positioning
their
portfolio,
maybe
not
defensively,
but
prepared
for
elevated
levels
of
volatility
between
now
and
the
end
of
the
year,”
Ferrara
said.
Gateway
is
an
affiliate
of
Natixis.
One
of
the
issues
blamed
for
Monday’s
steep
market
sell-off
was
Friday’s
jobs
report,
which
showed
slowing
employment
growth.
As
a
result,
traders
might
be
paying
even
closer
attention
to
Thursday’s
weekly
jobless
claims,
searching
for
a
potential
rise
in
layoffs.
“I
think
investors
are
still
very
much
trying
to
figure
out
the
state
of
the
U.S.
economy,
the
financial
conditions
of
companies.
I
think
the
consumer
is
going
to
be
driving
a
lot
of
headlines
between
now
and
the
end
of
the
year,”
Ferrara
said.
Corporate
earnings
could
also
be
a
major
factor
in
market
moves
on
Thursday.
Warner
Bros.
Discovery
and
Bumble
were
each
sliding
in
extended
trading
after
reporting
soft
second-quarter
revenue
results.
Companies
set
to
report
earnings
on
Thursday
morning
include
Eli
Lilly
and
Under
Armour.
