Nasdaq Futures Fell Over 1%, S&P 500 Futures Were Down 0.63%

Tiger Newspress2022-04-11

Nasdaq futures fell over 1%, S&P 500 futures were down 0.63%, Dow futures were down 0.35%.U.S. futures declined, pointing to more challenges for global shares after the Federal Reserve last week signaled sharp interest-rate hikes and balance-sheet reduction to curb price pressures.

Market sentiment continues to be shaped by a hawkish Fed, commodity-market disruptions caused by the prospect of an economic slowdown.

WTI and Brent crude futures were all down more than 2%.The Federal Reserve is expected to deliver two back-to-back half-point interest rate hikes in May and June to tackle runaway inflation, according to economists polled by Reuters who also say the probability of a recession next year is 40%.

With the unemployment rate near a record low, inflation the highest in four decades and a surge in global commodity prices set to persist, most analysts say the Fed needs to move quickly to keep price pressures under control.

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Comments

  • robot1234
    2022-04-12
    robot1234
    During yesterday trading, all 3 major indices fell. DJIA fell around 1.2%, S&P 500 around 1.7% and Nasdaq around 2.2%. The bearish mood come as investors await the release of March’s highly anticipated CPI on Tuesday. The data is expected to show an 8.4% annual increase in prices — the highest level since December 1981. The 10-year Treasury yield topped 2.79%, its highest level since January 2019. The Covid-19 pandemic, US-China conflicts and Ukraine crisis will further dampen investors' sentiment. Going forward, can expect more volatility and bearishness
  • frusty
    2022-04-11
    frusty
    ok
  • goldenboy
    2022-04-11
    goldenboy
    [Spurting] 
  • whereareyou
    2022-04-11
    whereareyou
    Oh no.. 
  • kaeni
    2022-04-11
    kaeni
    Oh no..
  • AMDidass
    2022-04-11
    AMDidass
    🉑
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