Nasdaq Futures Plunges 1.84% to Open 2019, But Bitcoin Surges
The index has fallen by 116.60 points, down 1.84% at 6,216.75 after closing 2018 on an annual loss of 4.72%, according to CNBC data. Futures for the Dow Jones Industrial Average are also down 299 points — or 1.29% — at 22,969, while those for the S&P 500 Index dropped 1.24% to 2,474.
The China Manufacturing Index published its weakest figures since February 2016 owing to the ongoing trade war between the US and China. The Caixin/Markit Manufacturing Purchasing Managers’ Index, or PMI, which focuses on export-oriented small businesses in China, fell as both domestic and global orders weakened. government employees were told that they will not receive pay raises this year, which has led federal workers to sue the Trump administration.