Seeking Alpha

Stock futures fall as Ukraine conflict, China manufacturing data weighs

Stocks are poised for a sharply lower open as clashes break out across eastern Ukraine and data showing a fourth straight month of contraction in China's manufacturing sector; S&P and Dow -0.5%, Nasdaq -0.7%.

European bourses are broadly lower, while Asian markets ended mixed; Hang Seng -1.3%.

Sentiment in the financial sector is hurt by disappointing guidance issued by JPMorgan late Friday; JPM -3.5% premarket after saying it expects Q2 markets revenue to shrink 20% Y/Y.

Pfizer -1.5% after reporting Q1 earnings that topped estimates but revenue that declined more than expected.

Safe haven investment look strong: Treasury bonds are higher, with the yield on the benchmark 10-year note at one point touching 2.566%, the lowest level since Nov. 1, while gold also is higher.

Still ahead: PMI services, ISM non-manufacturing.

Comments (0)
Be the first to comment
DJIA (DIA) S&P 500 (SPY)
ETF Screener: Search and filter by asset class, strategy, theme, performance, yield, and much more
ETF Performance: View ETF performance across key asset classes and investing themes
ETF Investing Guide: Learn how to build and manage a well-diversified, low cost ETF portfolio
ETF Selector: An explanation of how to select and use ETFs