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Futures Across U.S. Markets Tumble After Banks Flag Correction Risks
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U.S. stock index futures slid as major Wall Street banks warned of a possible market correction. The S&P 500 and Dow Jones Industrial Average futures fell after the software firm Palantir Technologies posted weak results and raised concerns about earnings beyond the megacaps. Investors responded by reducing exposure ahead of key jobs data and amid concerns of stretched valuations in the “Magnificent Seven”. Strategists now expect higher volatility heading into year-end.