Nasdaq Futures Resume Declines With Valuation Angst Lingering

(Bloomberg) — U.S. stock index futures slipped, extending the biggest weekly retreat since June, as clouds gathered around a five-month rally that has fattened tech valuations and whipped up speculation in options.September contracts on the S&P 500 lost 0.6% as of 6:32 p.m. in New York. Futures on the Nasdaq 100 dropped 1.2%. Last week’s slide was capped with two of the most volatile days of the summer, with technology shares at one point dropping 10% from a recent high after nearly doubling since March.Anxiety has ratcheted up for investors who have ridden a powerful rally from the depths of …read more

Source:: Yahoo Finance

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