Dow futures plunged over 300 points, signaling Wall Street to take a break | RYT9

Dow futures fell more than 300 points, indicating Wall Street will correct today. after getting up earlier

At 20:23 Thai time, the Dow Jones Industrial Average is down 326 points or 1.07% to 30,039 points.

The Dow has risen nearly 1,600 in the past two days, bolstered by investor concerns over accelerating Federal Reserve interest rate hikes after the US released weak economic data.

Twitter shares fell 0.71% in pre-market trading today. After yesterday’s close, it rose 22.24% following news that Tesla Inc CEO Elon Musk has decided to make another offer to acquire Twitter for $ 54.20 per share.

Investors are keeping an eye on the meeting of the Organization of Petroleum Exporting Countries (OPEC) and its allies. Or OPEC Plus today, which will affect the price of energy stocks on the market.

The source said OPEC Plus will decide to cut production by more than 1 million barrels per day in November. potentially reducing production by up to 2 million barrels per day which, coupled with voluntary reductions in additional production capacity by member states will be OPEC + ‘s largest production cut since 2020.

The market is keeping an eye on US non-farm payroll numbers for September on Friday. While analysts had predicted the number of jobs will increase by just 265,000 in September. After increasing 315,000 jobs in August and the unemployment rate is expected to remain stable at 3.7%.


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