Stock futures slid, pointing to deeper losses for U.S. markets on growing worries of an economic slowdown that sent investors into the haven of government bonds.
Futures for the S&P 500 fell 1.1%, suggesting the index will open close to bear market territory—market shorthand for a 20% fall from a recent high. It tumbled 4% Wednesday, its biggest one-day retreat since June 2020. After that drop, the S&P 500 had retreated more than 18% from its January all-time high.
Dow Jones Industrial Average futures fell 1.1% on Thursday, as did contracts for the technology-focused Nasdaq-100.
lost 7.7% in premarket trading after it said sales weakened in April, making the firm the latest retailer to point to inflationary pressures on demand.
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this week said higher…
