U.S. stock index futures slipped on Friday, extending falls from overnight, after logistics industry bellwether FedEx withdrew its financial forecast and recession warnings from the World Bank and the International Monetary Fund.
Register now for FREE unlimited access to Reuters.comMeanwhile, the World Bank said the global economy might be inching toward a recession as central banks across the world simultaneously hike interest rates to combat persistent inflation, while the International Monetary Fund said it expected a slowdown in the third quarter.
At 04:31 a.m. ET, Dow e-minis were down 260 points, or 0.84%, S&P 500 e-minis were down 38 points, or 0.97%, and Nasdaq 100 e-minis were down 144 points, or 1.2%. Futures signaled that the S&P 500 index would open below 3,900 points, a level that traders considered as a key support level for the benchmark.Reporting by Shreyashi Sanyal in Bengaluru; Editing by Sriraj Kalluvila
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