Dow Jones Futures Dive Ahead Of Powell Comments As Global Recession Fears Mount

Dow Jones futures dived 425 points Friday morning ahead of Fed chief Jerome Powell’s comments at a Federal Reserve event in Washington D.C. The early action threatened to extend the stock market’s three-day losing streak, putting the Nasdaq and S&P 500 on track for their sixth weekly drop in the past seven weeks.


European indexes were also knocked down Friday after business surveys showed that economic activity in Europe declined sharply in September, raising the risk of recession.

Read More