“The market will come to realize that a lot of these pro-growth policies might get pushed to the end of this year or next year and you might have this buyer’s remorse for the market.”
U.S. Treasury Secretary Steven Mnuchin said on Thursday that any policy steps would probably have only a limited impact this year. Investor will likely get more clarity on Trump’s plan on Tuesday, when he addresses a joint session of Congress.
Dow e-minis <1YMc1> were down 73 points, or 0.35 percent, with 28,671 contracts changing hands at 8:31 a.m. ET (1331 GMT).
S&P 500 e-minis <ESc1> were down 10.5 points, or 0.44 percent, with 189,563 contracts traded.
Nasdaq 100 e-minis <NQc1> were down 29.25 points, or 0.55 percent, on volume of 30,953 contracts.
Shares of Hewlett Packard Enterprise <HPE.N> fell 8.35 percent to $22.60 in premarket trading after the company cut its full-year profit forecast.
J.C. Penney <JCP.N> fell 1.91 percent to $6.73 after the department store operator said it would close about 130-140 stores over the next few months.
