Dow Futures Fall 100 Points as Oil Rally Falters - NBC Bay Area
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Dow Futures Fall 100 Points as Oil Rally Falters

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    NEWSLETTERS

    Dow Futures Fall 100 Points as Oil Rally Falters
    AP
    In this file photo, trader John Santiago, foreground left, works on the floor of the New York Stock Exchange, Monday, Feb. 1, 2016. Another steep drop in oil and natural gas prices is pulling the stock market lower in early trading. (AP Photo/Richard Drew)

    U.S. stock index futures indicated a lower open on Friday as low oil prices weighed, CNBC reported.

    U.S. crude oil futures for March delivery traded 3.5 percent lower below $30 a barrel as of 8:57 a.m. ET. Dow futures were down by about 100 points, while the S&P dropped almost 11 point. NASDAQ futures were also on the decline, dropping 26 points at the opening bell.

    The U.S. dollar held mildly higher against major currencies, with the euro at $1.107 and the yen at 113.00 yen against the greenback.

    In Europe, the pan-European Stoxx 600 Index was down 1 percent on Friday. The European Union is currently holding crunch talks in Brussels that could determine whether the U.K. stays or leaves the 28 country body.