Market Snapshot: Dow futures drop 400 points as weak bank earnings and Fed rate-hike fears bite

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U.S. stock index futures fell Thursday as the prospect of another large interest rate rise by the Federal Reserve and weaker-than-expected bank earnings conspired to drive equities lower.

How are stock-index futures trading

On Wednesday, the Dow DJIA fell 209 points, or 0.7%, while the S&P 500 SPX declined 0.5% and the Nasdaq Composite COMP dropped 0.2%.

What’s driving markets

Federal…