Skip to content
Subscriber Only
Business
Economics

Futures Signal More Losses After S&P 500's Worst Week Since 2011

  • Oil, copper slide to drag down energy, raw-materials shares
  • Alcoa edges up in late trading after earnings beat estimates
Video player cover image

Deep Dive: How Futures Reacted to Global Markets

Updated on

The Standard & Poor’s 500 Index closed little changed in whipsaw trading, after a late-afternoon rebound paced by Apple Inc. and Intel Corp. offset a selloff in commodity shares driven by anxiety that China’s slowdown will spread.

Apple and Intel bounced at least 1.6 percent after falling more than 7.8 percent last week. Macy’s Inc. soared 8.2 percent, the most in two years, amid pressure to pursue real-estate deals. Miner Freeport-McMoRan Inc. sank 20 percent while Chevron Corp. dropped 1.7 percent as crude and copper tumbled. Biotechnology shares extended their longest rout in three months to drag down the health-care group. Alcoa Inc. slipped in after-hours trading despite earnings that exceeded estimates.