Dow futures bounce slightly as Wall Street attempts comeback from monster 2-day slide
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Summary
S&P 500 and Nasdaq futures also indicated a slightly higher open, but barely."Unfortunately, I think this is going to turn into a full-blown correction," David Bianco, chief investment strategist for the Americas at DWS, told CNBC's "Squawk Box." "It's a material impact to our earnings outlook and it's probably going to be another year of flatish earnings growth."The 10-year yield rebounded from a record low early Wednesday, perhaps adding some support to the equity market which has been focused on signals coming from the bond market. The mover lower in yields in turn, spooked equity investors about future economic growth.JP Morgan shares were higher slightly in premarket trading Wednesday as yields bounced.The S&P 500 tech sector entered correction territory Tuesday, falling 10% from its 52-week high, after posting a fresh record close just last Wednesday.
As said here by Yun Li