(Bloomberg) — American stocks, up 25% in three weeks, ran into turbulence on the eve of earnings season, with futures on benchmark indexes falling in holiday-thinned trading.June contracts on the S&P 500 slid as much as 2.2%, erasing a gain of 1.4% and paring last week’s 12% rally, the biggest since the 1970s. The decline came even as the world’s top oil producers agreed to cut global petroleum output by nearly a 10th, putting an end to a price war between Saudi Arabia and Russia. Stock futures fell 0.9% as of 7:04 p.m. in New York. West Texas Intermediate crude …read more
Source:: Yahoo Finance
