U.S. stock futures were falling early on Tuesday following a selloff in the previous session amid eroding investor risk appetite to start the month of December, historically a strong period for markets.
Futures for the Dow Jones Industrial Average fell 40 points, or 0.1%, after the index tumbled 427 points on Monday to finish at 47,289. S&P 500 futures lost 0.1% with contracts tracking the tech-heavy Nasdaq Composite down 0.1%.
Stocks dropped on Monday as risk sentiment weakened across markets, characterized by a deep selloff in Bitcoin and other cryptocurrencies. The possibility of an interest-rate hike in Japan—which could shift significant Japanese investments abroad—saw U.S Treasury yields spike, contributing to the selloff in equities.
