US index futures indicate flight to safety on Wall Street

Action in the US equity index futures point to heightened risk aversion and flight to safety after the opening bell.

At the time of writing, the Dow futures were down 167 points. S&P 500 futures were down 20 points. The Tech index Nasdaq was down 46 points as well.

Concerns about the health of the banking sector across Europe and US is driving the stock markets now. For the time being, the focus has shifted away from the oil price slide.