U.S. stock futures sink after worst week since October

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U.S. stock futures fell late Sunday, following Wall Street’s worst week since October.

Dow Jones Industrial Average futures
YM00,
-0.71%
slid more than 200 points, or 1%, while S&P 500 futures
ES00,
-0.90%
and Nasdaq-100 futures
NQ00,
-1.04%
both fell more than 1%.

Stocks tumbled Friday, with the three major indexes posting their worst week, and overall month, since October, as volatile trading in a number of heavily shorted companies such as GameStop
GME,
+67.87%
and AMC Entertainment
AMC,
+53.65%
sparked worries of a bubble.

Read: What January’s market decline means for stock returns in 2021

For the week, the Dow
DJIA,
-2.03%
closed 3.2% lower, the S&P 500
SPX,
-1.93%
fell 3.3% and Nasdaq Composite
COMP,
-2.00%
was off 3.5%. On a monthly basis, the Dow lost 2%, the S&P 500 shed 1.1% and the Nasdaq Composite gained 1.7%.

Source

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