Investing.com – U.S. futures pointed to a slightly lower opening bell on Thursday as investors try to recover from volatile trading.
The S&P 500 futures fell six and a half points or 0.24% to 2,661.75 as of 6:54 AM ET (11:54 GMT) while Dow futures decreased 71 points or 0.29% to 24,664.0. Meanwhile tech heavy Nasdaq 100 futures was down six points or 0.10% to 6,549.50.
U.S. indexes were swinging sharply yesterday after two days of sell-offs. The Dow started off lower, but rallied to close up 567.02 points at 24,912.77.
Markets closed slightly lower on Wednesday, after days of finishing in the red. The market sell off started on Friday, after better than expected wage increases sparked concerns over increased interest rates. Some analysts have argued that the market swings are merely a market correction rather than a crash.
Ford Motor Company (NYSE:F) was among the top gainers in pre-market trading, rising 2.23%. Eastman Kodak Co (NYSE:KODK) inched up 0.85% and Twitter Inc (NYSE:TWTR) gained 0.13% while Barclays (LON:BARC) PLC ADR (NYSE:BCS) was up 0.56%.
Elsewhere Snap lost 1.62% while telecommunications firm Nokia (HE:NOKIA) Corp ADR (NYSE:NOK) was down 0.91% and Apple (NASDAQ:AAPL) inched down 0.34%.
Investors are looking ahead to corporate earnings. CVS Health Corp (NYSE:CVS), Twitter, American International Group Inc (NYSE:AIG), Expedia (NASDAQ:EXPE), Lions Gate Entertainment (NYSE:LGFa) and Kellogg Company (NYSE:K) are just some of the of the firms expected to report their financial results on Thursday.
In economic news, jobless claims come out at 8:30 AM ET (13:30 GMT).
In Europe stocks were down. Germany’s DAX fell 163 points or 1.30% while in France the CAC 40 decreased 59 points or 1.12% and in London, the FTSE 100 was down 64 points or 0.88%. Meanwhile the pan-European Euro Stoxx 50 lost 50 points or 1.47% while Spain’s IBEX 35 slumped 164 points or 1.65%.
In commodities, gold futures fell 0.05% to $1,313.90 a troy ounce while crude oil futures were down 0.84% to $61.27 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rallied 0.20% to 90.34.