US stock index futures fell on Sunday evening, as Asian markets fell following widespread public protests in China and as oil prices hit a 2022 low.
Dow Jones Industrial Average Futures
YM00,
fell more than 150 points, or 0.5%, as of 10 p.m. ET, while S&P 500 futures
ES00,
and Nasdaq-100 futures
NQ00,
decreased even more.
Wall Street ends mixed on Friday with the Dow hitting its highest close since April 21. S&P 500
SPX,
down 1.1 points, or less than 0.1%, at 4,026.12; Dow Jones Industrial Average
DIA,
closed at 152.97 points, or 0.5%, higher at 34,347.03; and Nasdaq Composite
COMPUTER,
fell 58.96 points, or 0.5%, to 11,226.36.
Asian stocks fell on Monday, led by Hong Kong’s Hang Seng index, which fell 2%.
HSI,
General Shanghai
SHCOMP,
slip is good, like thousands Protesters in major Chinese cities, including Shanghai, called for President Xi Jinping to step down. The unprecedented protests have been fueled by frustration with China’s strict blockade orders as part of its “no COVID” policy.
Stephen Innes, managing partner at SPI Asset Management, said in a note on Sunday night: “Sentiment has turned sour as unrest across China intensifies. “The risk of escalation from here and short-term volatility remains high.”
Oil prices also fell sharply on Sunday, as investors worried about falling demand in China. West Texas Intermediate Crude Oil Futures
CL.1,
most recently fell more than 2%, at $74.27 a barrel, the lowest price ever. Brent crude oil price
BRNF23,
international standards, also sunken.
