Market Snapshot: Dow futures slump more than 100 points as rate-hike fears linger

Wall Street looked set for another day of market carnage on Monday, as fears the Federal Reserve will soon raise interest rates continued to spook investors out of risky assets, such as equities.

Traders were waiting for a speech by Fed dove Lael Brainard later in the day, hoping she could dispel concerns a rate increase is imminent.

Futures for the Dow Jones Industrial Average YMZ6, -0.53% slid 114 points, or 0.6%, to 17,853, while those for the S&P 500 index ESZ6, -0.50% dropped 13.25 points, or 0.6%, to 2,102.75. Futures for the Nasdaq-100 index NQZ6, -0.64% lost 38.50 points, or 0.8%, to 4,629.25.

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