Stock Futures Slip After Wall Street Selloff

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April 25, 2022 3:35 am ET

U.S. stock futures fell, pointing to Wall Street indexes extending declines after the Dow Jones Industrial Average suffered its worst one-day percentage drop since October 2020.

Futures on the S&P 500 fell 0.7% and futures tied to the Dow Jones Industrial Average declined 0.6%. Changes in futures don’t necessarily predict movements after the opening bell.

European stocks declined Monday. The Stoxx Europe 600 fell 1.9% in morning trade dragged down by declines in consumer staples and energy sectors.

Anheuser-Busch InBev slipped 3% and BP fell 2.9%.

The U.K.’s FTSE 100 declined 1.8%. Other stock indexes in Europe also mostly slipped as France’s CAC 40 shed 2%, the U.K.’s FTSE 250 slipped 1.4% and Germany’s DAX fell 1.9%.

The Swiss franc, the euro and the British pound dropped 0.2%, 0.6% and 0.7% respectively against the U.S. dollar.

In commodities, Brent crude was down 3.7% to $102.17 a barrel. Gold also fell 0.7% to $1,919.90 a troy ounce.

The yield on German 10-year bunds fell to 0.883% and 10-year U.K. government debt known as gilts yields declined to 1.870%. 10-year U.S. Treasury yields were down to 2.824% on Monday from 2.905% on Friday. Bond yields and prices move inversely.

Stocks in Asia mostly fell as Hong Kong’s Hang Seng lost 3.5%, Japan’s Nikkei 225 index declined 1.9% and China’s benchmark Shanghai Composite was lower 5.1%.