Futures inch higher following another day of losses after Fed rate hike, sell-offs
Stock futures were largely Wednesday night as investors continued reacting to the Fed's rate hike and concerns over a potential economic downswing.
Costco stock was down about 2.7% in extended trading. Although the retailer posted fiscal fourth-quarter revenue and earnings that topped analysts' expectations, it is seeing higher freight and labor costs.as the market remains poised to end the week below where it started. The Nasdaq Composite decreased 1.4% to 11,066.81. The S&P 500 fell 0.8% to 3,757.99, while the Dow Jones Industrial Average ended the day 107.10 points lower at 30,076.68, which is a loss of 0.3%.
Industrials, consumer discretionary, growth tech and semiconductors were all industries hit amid fears of easing growth in the economy. Meanwhile, defensive stocks outperformed.
Australia Latest News, Australia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. stock futures rise from three-month lows, but nervousness over Fed policy lingersU.S. stock futures moved off three month lows as buyers returned following another Fed-induced sell-off.
Read more »
Stock Market Today: Futures Waver; Currencies Swing as Fed Hike Prompts Others to MoveU.S. stock futures wobbled and bond yields gained after the Federal Reserve raised rates. Follow our live markets coverage.
Read more »
Stock futures struggle for traction ahead of Fed decision and after Putin escalates war footingEquities on course for muted open on Wall Street as traders expressed worries over tightening monetary policy and heightened geopolitical tensions in Europe.
Read more »
S&P 500 Futures track Wall Street’s losses on Russia-led woes, yields reverse post-Fed fallS&P 500 Futures track Wall Street’s losses on Russia-led woes, yields reverse post-Fed fall – by anilpanchal7 SP500 Equities Fed YieldCurve RussianFederation
Read more »
Fed approves third large interest rate hike and signals more before year-endThe Federal Reserve officials said they would raise their benchmark interest rates by 0.75 percentage point to a range of 3% to 3.25%. In keeping with their “higher for longer” rhetoric, the central bank doesn’t see any rate cuts until 2024.
Read more »