Stock futures rose after major averages suffered their worst day since June 2020

Expect more job cuts at banks and major tech companies, says Dan Nathan of River River

Stock futures rose slightly on Wednesday morning after another heated inflation reading sent key averages down to their worst day since June 2020, and dampened investor expectations for a less hawkish Federal Reserve.

Futures related to the Dow Jones Industrial Average recently rose 63 points, or 0.2%, while the S&P 500 futures rose 0.18% and the Nasdaq 100 futures rose 0.15%.

During Tuesday’s regular trading session, the Dow Jones fell 1,276.37 points, or 3.94%, to close at 31,104.97, while the S&P 500 fell 4.32% to 3,932.69. The Nasdaq Composite Index is down 5.16% to 11633.57. All major averages broke a four-day winning streak.

Then came the market moves The August CPI report showed headline inflation It rose 0.1% m/m despite lower gas prices.

The heated inflation report has left questions about whether stocks will return to their June lows or fall further. It also raised some concerns that the Federal Reserve might do so Possibly higher height From 75 basis points are priced in the markets.

“It surprised the market,” said Quincy Crosby of LBL Financial. “The market was at least expecting that we had stabilized – we may not have moved lower but certainly not climbed higher. The wrong direction and the worry, of course, has always translated into what this means for the Fed.”

All 30 Dow Jones stocks and Standard & Poor’s 500 sectors ended the session lower, sending telecom services down. The sector fell 5.6% and ended its worst day since February, weighed down by major tech stocks such as Netflix and Meta Platforms, which fell 7.8% and 9.4%, respectively.

A reading of the Producer Price Index is due on Wednesday morning and could provide more clues about the state of inflation ahead of the Federal Reserve’s rate hike meeting next week.

Leave a Reply

Your email address will not be published. Required fields are marked *

indian nude girl mms verpornos.org desi gay videos
indian sxe hd redwap.sex porn vdo
xvidios pornpakistani.com desi free sex
hades hentai clipxhentai.com street fighter hentai
pamasahe watch teleseryehot.com pba rappler
xx justpornvideo.mobi lakshmi rai hot
marathi open sexy video tubeporncity.info tube 8 hindi
hentai love dolls hentaiparadize.org microne magazine 10
xnxx pakistan momporntrends.com xxxvom
deci xxx bigtitsporntrends.com indiyan x video
haryana sex.com mom2fuck.mobi www.sexy.com
anjelina hot erohardcore.info hindilink4uto
tales of the kama sutra: the perfumed garden fuckhindi.com kinkbomb
拘束男をひたすらヌキまくる逆レ●プ痴女 強制射精ザーメン10連発スペシャル 伊藤舞雪 javmovies.mobi 美雪ありす
hardcore sex videos download redpornvideos.net nangi hindi video