After Powell’s comments at Jackson Hole, all three indices dropped more than 3% on Friday erasing the August gains for all three. Monday, it seems, is picking up right where we left off on Friday. Nasdaq futures are down 144 points, or 1.14%, followed by S&P and Dow futures down 0.94% and 0.81%, respectively.
- The 10-year is down slightly from Friday’s close at 3.10% and oil is up slightly at $93 a barrel.