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MarketWatch MarketPulseNov 21, 2018
U.S. stock futures, oil prices up after market meltdown Tuesday
U.S. stock futures rose early Wednesday, after a brutal session on Wall Street that pushed the big indexes into negative territory for 2018. Dow industrials futures rose 129 points, or 0.5%, to 24,568, while S&P 500 futures gained 17.1 points, or 0.7%, to 2,657.25 a day ahead of the Thanksgiving Day holiday. Nasdaq-100 futures jumped 62.5 points, or 1%, to 6,594. On Tuesday, the Dow finished down 550 points, while the S&P 500 slid 1.8% and the Nasdaq dropped 1.7%, as investors fretted over earnings and that big decline in tech and Internet shares. Oil prices, which lost nearly 7% Tuesday, also pointed to a bounce for Wednesday, with West Texas Intermediate crude futures up 1.8% to $54.30 a barrel and Brent crude up 1.1% to $63.24 a barrel. The ICE Dollar Index [S: dxy] was off 0.2%. There are "signs that the market is looking oversold, although dip buyers have been burnt a couple of times already this year and may not want to get hit a third time just yet," said Neil Wilson, chief market analyst at, in a note to clients.

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