U.S Futures Retreat after Port Authority Explosion

U.S. stock index futures fell back after initial gains on Monday, hit by reports of an explosion in New York’s busy Port Authority commuter hub.

Police confirmed one person is in custody but were not yet identifying the device used. Local news channel WABC cited police sources as saying a possible pipe bomb detonated in a passageway below ground at Port Authority.

The CBOE Volatility index .VIX, a widely followed measure of market anxiety, rose above 10 points.

After rising initially, futures pointed to Wall Street’s main indexes opening flat.

At 8:26 a.m. ET (1326 GMT), Dow e-minis 1YMc1 were up 26 points, or 0.11 percent, with 14,177 contracts changing hands.

S&P 500 e-minis ESc1 were unchanged, with 225,353 contracts traded.

Nasdaq 100 e-minis NQc1 were up 1.25 points, or 0.02 percent, on volume of 18,670 contracts.

Reuters

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Dean Popplewell

Dean Popplewell

Vice-President of Market Analysis at nagribah
Dean Popplewell has nearly two decades of experience trading currencies and fixed income instruments. He has a deep understanding of market fundamentals and the impact of global events on capital markets. He is respected among professional traders for his skilled analysis and career history as global head of trading for firms such as Scotia Capital and BMO Nesbitt Burns. Since joining OANDA in 2006, Dean has played an instrumental role in driving awareness of the forex market as an emerging asset class for retail investors, as well as providing expert counsel to a number of internal teams on how to best serve clients and industry stakeholders.