U.S. Index Futures Decline as Volatility Keeps Investors on Edge

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SPXS&P 5003,550.50USD+41.06+1.17%INDUDJIA29,157.97USD+834.57+2.95%0671766DOANDA ASIA PACIFIC PTE LTDPrivate CompanyPFEPFIZER INC39.20USD+2.80+7.69%BNTXBIONTECH SE-ADR104.80USD+12.80+13.91%

U.S. stock index futures fell as investors assessed the prospects of a stimulus bill and a potentiallybumpy transition of power in the White House.

December contracts on the S&P 500 were down 0.8% at 2:04 p.m. in Tokyo, after sliding as much as 0.9%. Futures dropped 0.8% on the Dow Jones Industrial Average and declined 0.7% on the Nasdaq 100 Index. The Cboe Volatility Index, which moves in the opposite direction of the equity benchmark about 80% of the times, increased for the first time this month on Monday.

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    The underlying S&P 500 moved away from record levels on Monday as Senate Majority Leader Mitch McConnell said Congress should pass only a limited bill before the end of 2020. Meanwhile, the Federal Reservewarned that asset prices in key markets could take a hit if the pandemic’s economic impact worsens in coming months.

    — With assistance by Sofia Horta e Costa, and Sophie Caronello

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