Market Snapshot: Wall Street stocks set for losses as ‘life-threatening’ Irma aims for Florida [MarketWatch]
Everest Re Group, Ltd. (RE)
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Source: MarketWatch
Wall Street stocks set for losses as ‘life-threatening’ Irma aims for Florida U.S. stocks were set for a downbeat open on Friday, as investors erred on the side of caution, bracing for a potential missile launch in North Korea and for Hurricane Irma to hit the Florida coast at the weekend. Futures for the Dow Jones Industrial Average YMZ7, -0.27% lost 70 points, or 0.3%, to 21,700, while those for the S&P 500 index ESZ7, -0.20% dropped 6.70 points, or 0.3%, to 2,458. Futures for the Nasdaq-100 index NQZ7, -0.15% were down 16.25 points, or 0.3%, at 5,961.25. “It’s no surprise to see a waning of risk appetite into a weekend that looks likely to see another hurricane hit the U.S. Especially with the continued geopolitical threat from North Korea and after overnight trade data from China was rather mixed, begging questions about global growth,” said Mike van Dulken, analyst at Accendo Markets. The dollar continued its descent Friday, with the ICE Dollar Index DXY, -0.33% fallin
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