NEW YORK (Reuters) - Wall Street is following global stock markets lower to open a holiday-shortened week as anxiety over Federal Reserve plans for more interest rate hikes continues to weigh on investors.
Futures for the Dow Jones Industrial Average lost 0.2% early Monday and futures for the S&P 500 slid 0.6%.
U.S. stock indexes ended with a weekly loss Friday after a Fed official, James Bullard, rattled investors by suggesting that in order to bring down decades-high inflation, the central bank’s base lending rate might have to be raised to as much as almost double its already elevated level.
Iger said that he was “thrilled” to return and “extremely optimistic” about Disney’s future.
At midday in Europe, the FTSE 100 in London inched up 0.1%, the DAX in Frankfurt sank 0.6% and the CAC 40 in Paris retreated 0.2%.
In Asia, Hang Seng in Hong Kong lost 1.9% to 17,655.91. It was down more than 3% earlier after the territory’s leader, John Lee, tested positive for the coronavirus after returning from an Asia-Pacific meeting in Bangkok.
The Shanghai Composite Index lost 0.4% to 3,085.04 and the Nikkei 225 in Tokyo lost 0.2% to 27,944.79.
The Kospi in South Korea fell 1% to 2,419.50 and Sydney’s S&P-ASX 200 lost 0.2% to 7,139.30.
India’s Sensex sank 0.9% to 61,132.92. New Zealand and Bangkok gained while Singapore and Jakarta declined.