Stock futures slide ahead of a holiday-shortened trading week: Live updates

U.S. equity futures fell on Sunday evening as investors kick off a holiday-shortened week of trading. Futures tied to the Dow Jones Industrial Average dropped 293 points, or 0.7%. S&P 500 futures and Nasdaq 100 futures 0.6% and 0.7%, respectively. The three major averages sank on Friday . The Dow Jones Industrial Average tumbled 793.47 points to 45,166.64. The S&P 500 dropped 1.67% to a seven-month low of 6,368.85, notching its fifth-straight weekly decline. The Nasdaq Composite declined 2.15% to 20,948.36. The Dow losses pulled it into correction territory, joining the Nasdaq, which entered a correction the day before. As the war in Iran stretches into a fifth week, investors who had been hopeful for a quick resolution are growing increasingly uneasy about the real-world fallout from the conflict. "If you look at the degree of the downside and how correlated all those stocks have been, it's likely that we are throwing the baby out with the bathwater," said Cameron Dawson, chief investment officer at NewEdge Wealth, said on CNBC's Closing Bell: Overtime. "So it's a great opportunity to be sharpening the pencils to say, what are the areas that will be more immune to something like AI disruption and are on sale — not just because of AI fears, but also because of these war fears." The market will be closed on Friday in observance of Good Friday, although the March jobs report is still scheduled for release that morning. Investors will also be scrutinizing the Job Openings and Labor Turnover Survey and the ADP Employment Survey due out earlier in the week. On the earnings front, Nike, McCormick & Co. and Conagra Brands are set to report in the week ahead. 12 Min Ago Stock futures open lower U.S. equity futures slid on Sunday evening. Futures tied to the Dow Jones Industrial Average dropped 293 points, or 0.7%. S&P 500 futures and Nasdaq 100 futures 0.6% and 0.7%, respectively. — Tanaya Macheel More In Daily Stock Market Live Dow tumbles almost 800 points and enters corr...