Stocks are starting to run into trouble on the day now. S&P 500 futures are down 0.4% with tech shares leading the declines as Nasdaq futures are down 0.6%. In Europe, the more sluggish week is also starting to turn bad with both the DAX and CAC 40 indices down 0.6% currently.
There’s no fresh catalysts for the move we’re seeing but just be wary that month-end rebalancing flows might be a factor in the equation. For Wall Street, the S&P 500 closed at fresh record highs yesterday and is up 2.6% on the month. Meanwhile, the Nasdaq is up 2.8% on the month coming into today
Equities nudge lower in European morning trade