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U.S. stock futures are pointing to another session of volatility following Monday's sell-off, which saw all three major indexes decline more than 1%.
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The Dow Jones Industrial Average, Nasdaq Composite and S&P 500 all slipped in the pre-market session.
Tuesday will also see the run-off election for the two Senate seats from Georgia, determining whether the Republicans will hold onto their slim majority or Democrats will take control of both chambers of the legislative branch.
DOW DROPS OVER 382 POINTS WITH TIGHT GEORGIA ELECTION AHEAD
European indexes were hugging the flat line, with the German DAX and French CAC 40 both slightly lower, while the U.K.'s FTSE 100 index was up less than 0.1%.
| Ticker | Security | Last | Change | Change % |
|---|---|---|---|---|
| ICE | INTERCONTINENTAL EXCHANGE INC. | 113.30 | -1.99 | -1.73% |
| CHL | CHINA MOBILE LTD. | 26.86 | -1.68 | -5.89% |
| CHA | CHINA TELECOM | 26.04 | -1.51 | -5.48% |
| CHU | CHINA UNICOM LTD. | 5.50 | -0.18 | -3.17% |
In a surprising about-face, the New York Stock Exchange, owned by Intercontinental Exchange, said it would scrap its plans to delist three Chinese telecom companies.
Instead, American depository shares of China Mobile, China Unicom and China Telecom will continue to trade on the exchange after the NYSE cited "further consultation with relevant regulatory authorities in connection with Office of Foreign Assets Control."
ECONOMIC REPORTS
Tuesday will see the release of ISM's manufacturing index for December. Economists expect a reading of 56.4, down from a prior reading of 57.5.
Minutes from the most recent FOMC meeting will also be released on Tuesday.
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In other asset classes, bitcoin rebounded after it touched the $30,000 level, last trading at $31,442.60.
West Texas Intermediate crude rose 1.2% to $48.19 per barrel. Gold also rose, gaining 0.2% to trade at $1,951,30 an ounce.
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January 05, 2021 at 07:07PM
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US stock futures point to more volatility - Fox Business
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