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Futures on stocks rose after the Dow is experiencing its worst day of the year

Stock futures rose in pre-market trading on Friday after the worst day on the Dow Jones Industrial Average in 2022, when investors threw risky assets amid geopolitical problems.

Dow for futures with blue chips rose 133 points, or 0.4%. S&P 500 futures rose 0.5% and Nasdaq 100 futures rose 0.7%.

There was a sharp drop on Wall Street on Thursday, and the Dow fell more than 600 points, making it the biggest daily drop since late November. The S&P 500 was down more than 2%, breaking a two-day winning streak, and the Nasdaq Composite was down 2.9%.

Investors continued to worry about ongoing tensions between Russia and Ukraine. Ukraine has blamed pro-Russian separatists attacking the village near the border. In the US, meanwhile, Secretary of State Anthony Blinken spoke to the United Nations and warned that the situation was in “danger.”

“Further escalation of tensions in the near future may shake markets due to the potential impact on a weak global supply chain, especially as the Fed prepares for its first-class boost in recent years,” said Peter Essel, head of portfolio management in the Commonwealth. Financial network. “The perfect storm could be on the horizon if calmer heads don’t prevail.”

Investors struggled with the Federal Reserve’s policy forecast. President of the St. Louis Fed James Bullard, who had just called for aggressive action, warned that inflation could spiral out of control without raising rates.

The main averages are at a rate of the second negative week in a row. The Dow was down 1.2% for the week, while the S&P 500 and Nasdaq were down 0.9% and 0.5% this week, respectively.

“Wall Street feels very uneasy when looking left and seeing increased geopolitical risks with the situation in Ukraine and then looking right and seeing the potential for aggressive Fed tightening,” said Edward Moya, senior Oanda market analyst. note.

Year shares fell as much as 12% in expanded trading after a video broadcasting company said income and issued a weaker-than-expected guide.

Correction: This article was updated to reflect that shares on Wall Street sold sharply during regular trading on Thursday. In the previous version, this day was incorrectly marked.

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Futures on stocks rose after the Dow is experiencing its worst day of the year

Stock futures rose in pre-market trading on Friday after the worst day on the Dow Jones Industrial Average in 2022, when investors threw risky assets amid geopolitical problems.

Dow for futures with blue chips rose 133 points, or 0.4%. S&P 500 futures rose 0.5% and Nasdaq 100 futures rose 0.7%.

There was a sharp drop on Wall Street on Thursday, and the Dow fell more than 600 points, making it the biggest daily drop since late November. The S&P 500 was down more than 2%, breaking a two-day winning streak, and the Nasdaq Composite was down 2.9%.

Investors continued to worry about ongoing tensions between Russia and Ukraine. Ukraine has blamed pro-Russian separatists attacking the village near the border. In the US, meanwhile, Secretary of State Anthony Blinken spoke to the United Nations and warned that the situation was in “danger.”

“Further escalation of tensions in the near future may shake markets due to the potential impact on a weak global supply chain, especially as the Fed prepares for its first-class boost in recent years,” said Peter Essel, head of portfolio management in the Commonwealth. Financial network. “The perfect storm could be on the horizon if calmer heads don’t prevail.”

Investors struggled with the Federal Reserve’s policy forecast. President of the St. Louis Fed James Bullard, who had just called for aggressive action, warned that inflation could spiral out of control without raising rates.

The main averages are at a rate of the second negative week in a row. The Dow was down 1.2% for the week, while the S&P 500 and Nasdaq were down 0.9% and 0.5% this week, respectively.

“Wall Street feels very uneasy when looking left and seeing increased geopolitical risks with the situation in Ukraine and then looking right and seeing the potential for aggressive Fed tightening,” said Edward Moya, senior Oanda market analyst. note.

Year shares fell as much as 12% in expanded trading after a video broadcasting company said income and issued a weaker-than-expected guide.

Correction: This article was updated to reflect that shares on Wall Street sold sharply during regular trading on Thursday. In the previous version, this day was incorrectly marked.

Reported by Source link

RELATED ARTICLES
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Most Popular