For Aug. 24, 2015, here are your stock market futures, earnings reports, top stock market news, and stocks to watch...
Futures for the Dow Jones Industrial Average today (Monday) forecast a 616-point decline, nearly 4% as traders continue to sell off over fears related to the Chinese economy. Shares of Apple Inc. (Nasdaq: AAPL) fell another 6.5% this morning as concerns about sales in the world's second-largest economy continued to rattle traders. Nasdaq futures were down more than 80 points, or 5%, as tech stocks slumped in pre-market hours. Traders around the world have dubbed Aug. 24 "Black Monday."
On Friday, the Dow Jones Industrial Average fell more than 3.1%, continuing the downtrend after Thursday's huge sell off. The Dow slid 530 points. The Nasdaq dipped another 3.5% as technology stocks slumped. Shares of Apple Inc. (Nasdaq: AAPL) continued to slide on China market woes, falling another 6.1% on the day. Apple stock is now officially in bear territory.
The tech giant joins nine other Dow components that are now in bear territory. They are: International Business Machines Corp. (NYSE: IBM), Proctor & Gamble Co. (NYSE: PG), Chevron Corp. (NYSE: CVX), Exxon Mobil Corp. (NYSE: XOM), Intel Corp. (Nasdaq: INTC), Caterpillar Inc. (NYSE: CAT), United Technologies Corp. (NYSE: UTX), Wal-Mart Stores Inc. (NYSE: WMT), and DuPont Co. (NYSE: DD).