US Futures Extend Drop on GDP Miss

2026-02-20 13:52 By Andre Joaquim 1 min. read

Futures tracking US equity indices fell further on Friday as a series of economic data reflected an unfavorable backdrop for the US corporate sector.

Contracts for the S&P 500 and the Dow were 0.3% lower, while those for the Nasdaq 100 fell 0.5%.

The US GDP grew by an annualized 1.4% in Q4, well below expectations of a 3% growth rate to challenge the view that the economy was robust to tariffs and the government shutdown.

Stocks were also pressured by a surge in the PCE price index and an overshoot in the core gauge, which prevented an outlook of accommodative monetary policy by the Fed after policymakers warned that sticky inflation must be headed when deciding rates.

Stocks that track AI speculation momentum were down, with Nvidia and Meta trading in the red pre-market.

Lenders were also under pressure to extend their muted momentum from yesterday.

Meanwhile, Newmont sank 3% as it forecasted lower bullion production this year.



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