Traders on the floor of the NYSE, Aug. 9, 2022.
Source: NYSE
U.S. stock futures fell on Monday morning following a halt in the summer rally last week, as fears of aggressive interest rate hikes returned to Wall Street.
Dow Jones Industrial Average futures slid by 136 points, or 0.4%. S&P 500 and Nasdaq 100 futures dipped 0.41% and 0.49%, respectively.
On Friday, the S&P 500 closed down 1.29%. The Dow Jones Industrial Average dropped 292 points, or 0.86%, and the Nasdaq Composite dropped 2.01%.
Those moves come ahead of what could be a volatile week of trading on Wall Street. Investors are anticipating Fed Chairman Jerome Powell’s latest comments on inflation at the central bank’s annual Jackson Hole economic symposium.
“We’ve written a couple of times recently about wait and see trading ahead of key events/releases… and how that can set the stage for greater volatility around the events themselves, and we may see a bit of that play out next week as investors await the symposium,” read a Friday note from Susquehanna’s Christopher Jacobson.
On the earnings front, traders are expecting Palo Alto Networks and Zoom Video to report results Monday after the bell.
Techyrack Website stock market day trading and youtube monetization and adsense Approval
Adsense Arbitrage website traffic Get Adsense Approval Google Adsense Earnings Traffic Arbitrage YouTube Monetization YouTube Monetization, Watchtime and Subscribers Ready Monetized Autoblog
from Stock Market News – My Blog https://ift.tt/Zp4WfdV
via IFTTT
No comments:
Post a Comment