Stock market

Futures on the Dow and the S&P 500 fell about 1% Monday after China imposed restrictions in Beijing, as investors fretted about Big Tech earnings this week.

Emmanuel Macron's re-election as French president, seen as a reassuring sign of stability amid growing geopolitical anxiety, capped further losses in the region. Futures on the Dow Jones were down almost 1%, or 333 points, as of 5:20 a.m. ET, and S&P 500 futures fell 1%. Meanwhile, Nasdaq futures dropped 0.9%, suggesting a lower start to trading later in the day. Here's how they got started — and what it takes to secure paid contracts In Europe, stocks fell as investors braced for a drop in Chinese exports to key consumer markets and tighter monetary policy. The risk-off sentiment extended to Asia, where equities fell steeply as Chinese authorities signalled Beijing could face stringent mobility restrictions, and as a coronavirus outbreak in Shanghai worsened. Expectations for the fed fund futures rate have risen from 2.47% to 2.83% in the last week, above the Fed's estimate of neutral.