Stock Futures Rise as Rate-Hike Expectations Cool

The Wall Street Journal2022-06-24

U.S. stock futures rose after weak economic data softened investors’ expectations of coming interest-rate rises, putting the S&P 500 on track for its first weekly gain this month.Futures tied to the S...

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Comments

jeffilim
2022-06-24
jeffilim
Hope for the best
Chris68
2022-06-24
Chris68
👌
newbe1001
2022-06-24
newbe1001
Ok
Alexiss
2022-06-24
Alexiss
K
Nue
2022-06-24
Nue
Cool
Andr3
2022-06-24
Andr3
L

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Nasdaq-100 futures advanced 0.94%, suggesting gains for technology stocks after the opening bell.Stocks have come under pressure in recent weeks from concerns that the Federal Reserve will cause a recession as it tightens monetary policy to combat inflation. But worse-than-expected economic figures propelled a modest recovery in markets, investors said, in a twist where bad news was actually good news. The U.S. composite purchasing managers index, which measures activity in manufacturing and services, fell to a five-month low on Thursday.“It’s clear that economic activity is cooling, which should cool down inflation. That together is rather positive,” said Luc Filip, head of investments at SYZ Private Banking. “We might be at a shifting point in terms of economic momentum.”The S&P 500 is up 3.3% for the week so far, but it is still in a bear market. 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