May 24, 2022 3:59 am ET
Futures on US funds fell, leading the S&P 500 to open close to a bearish market defined as a 20% drop from a recent high.
S&P 500 futures fell 1.4% and Dow Jones Industrial Average futures fell 0.9%. Changes in futures for stocks do not necessarily predict movement after the opening call.
European stocks fell on Tuesday. Stoxx Europe 600 was down 0.8% in morning trading. The losses were brought by industry and utilities, and the growth of the real estate sector.
Airbus fell 2.1% and Safran 2.8%.
The British FTSE 100 fell 0.8%. Other stock indexes in Europe also mostly declined when the French CAC 40 lost 1%, the British FTSE 250 lost 1% and the German DAX lost 0.9%.
The exchange rates of the Swiss franc, the euro and the British pound against the US dollar increased by 0.4%, 0.4% and 0.2% respectively.
As for commodities, Brent international reference oil fell 0.9% to $ 112.35 a barrel. Gold rose 0.4% to $ 1,855.20 an ounce.
The yield of 10-year-old pigs in Germany was generally equal, and the yield of 10-year-old piglets in the UK fell to 1.951%. Yields on 10-year U.S. Treasury bonds fell to 2.822% from 2.857%. Bond yields move back to prices.
Indices in Asia fell mostly as Hong Kong’s Hang Seng fell 1.9%, Japan’s Nikkei 225 fell 0.9% and China’s Shanghai Composite benchmark fell 2.4%.
Traders worked on the New York Stock Exchange on Monday.
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Spencer Platt / Getty Images
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