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Wall Street braces for rough day ahead of Fed minutes, Alcoa

October 8, 2015

Via: itCurated
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U.S. stock futures on Thursday pointed to moderate losses for Wall Street later, after Chinese stocks failed to rally as much as expected upon returning from a long holiday break.

As well, some nervousness was setting in ahead of the minutes of the latest Federal Open Market Committee meeting and earnings from Alcoa Inc. due after the close of trading.

Futures were paring a deeper decliner from earlier. Futures for the Dow Jones Industrial Average YMZ5, -0.33% at one point down over 100 points, fell 58 points, or 0.3%, to 16,756, while those for the S&P 500 index ESZ5, -0.32% dropped around 6 points, or 0.3%, to 1,980.75. Futures for the Nasdaq-100 index NQZ5, -0.32% fell 15 points, or 0.4%, to 4,308.75.