U.S. Stock-Index Futures Drop; Volatility Keeps Traders on Edge
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U.S. stock-index futures traded lower as investors assessed the prospects of a stimulus bill, a potentially bumpy transition of power in the White House and the advance of a large-scale coronavirus vaccine study.
December contracts on the S&P 500 were down 0.2% at 12:38 p.m. in London, after rising as much as 0.5%. Futures rose 0.7% on the Dow Jones Industrial Average, while those on the Nasdaq 100% declined 1.6%. The Cboe Volatility Index, which moves in the opposite direction of the equity benchmark about 80% of the time, increased Monday for the first time this month.