By WSJ Staff
Regular trading hasn't even started yet, but if the selloff indicated by an early drop in stock futures holds through the day, the Nasdaq Composite index could end up in a bear market, down 20% from its recent peak.
The Nasdaq level to watch is 16,139.11, according to Dow Jones Market Data, which would require a 2.5% drop from Thursday's close.
Futures traders use a contract tied to a sister index, the Nasdaq-100. Those futures traded about 2.9% lower in recent premarket action.
The Russell 2000 small-cap index already hit bear-market territory this week. And as our Chelsey Dulaney points out, for some very important overseas investors, U.S. markets are already in a bear market due to the drop in the value of the dollar.
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(END) Dow Jones Newswires
April 04, 2025 08:10 ET (12:10 GMT)
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