S&P futures open lower to kick off holiday-shortened week

U.S. equity index futures dropped late Sunday as electronic trading resumed to kick off a holiday-shortened week following reports over the weekend that President Donald Trump has privately discussed firing the head of the U.S. Federal Reserve.

Traders work on the floor of the NYSE in New York
Traders work on the floor of the New York Stock Exchange (NYSE) in New York, U.S., December 21, 2018. REUTERS/Bryan R Smith

REUTERS: U.S. equity index futures dropped late Sunday as electronic trading resumed to kick off a holiday-shortened week following reports over the weekend that President Donald Trump has privately discussed firing the head of the U.S. Federal Reserve.

In early trading, the benchmark S&P 500’s emini futures contract was off by about a quarter of a percent. Futures tracking the Nasdaq Composite Index and Dow Jones Industrial Average were lower by similar amounts.

With investors worried over the U.S.-China trade dispute and interest rate hikes by the Fed, U.S. stocks have plunged in December, with the S&P 500 suffering its largest monthly loss so far since the financial crisis a decade ago. It is also on pace for the largest loss in any December since the Great Depression.

(Reporting by Dan Burns)

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