Stock futures are flat after a rollercoaster week
Traders on the floor of the NYSE, Aug. 4, 2022.Stock futures edged higher in overnight trading Sunday as investors awaited big earnings reports to roll in.
Futures on the Dow Jones Industrial Average gained about 50 points. S&P 500 futures and Nasdaq 100 futures both inched 0.3% higher. The S&P 500 just came off its fourth negative week in five with a 1.6% loss last week. A hotter-than-expectedstoked wild price swings in the markets as investors readjusted their expectations for the Federal Reserve's coming rate hikes.
"As inflation remains elevated for longer and the Fed hikes further, the risk increases that the cumulative effect of policy tightening pushes the U.S. economy into recession, undermining the outlook for corporate earnings," Mark Haefele, CIO at UBS Global Wealth Management, said in a note. Meanwhile, the third-quarter earnings season has kicked off. Investors are monitoring if corporate America will have any significant downward revisions to their outlooks in the face of stubbornly high inflation and the economic slowdown.
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.
A tweet about hair relaxer kits connected models from the boxes with women who grew up seeing themTake a peek at some of the before and afters.
Read more »
DOGE and SHIB Price Analysis for October 16Can the meme coins rise against the falling market? Dogecoin dogecoin jasdoge DogecoinMemes RacerDoge crypto cryptocurrency
Read more »
Bitcoin (BTC) Price Analysis for October 16Can BTC hold the price above the $19,000 mark until the end of the week? NickSzabo4 alistairmilne Maybemore_DC WhalePanda
Read more »
Jacksonville has 'need for concern' for health of St. Johns River, scientists' report saysThe report highlighted problems including tributaries contaminated with fecal bacteria, long-term increases in salinity, loss of wetlands and declines in underwater grass beds that are important for fisheries.
Read more »
The Auto Show for the 1 PercentOur editor-in-chief ruminates on the future of auto shows and reveals after attending The Quail as part of Monterey Car Week.
Read more »
Local businesses prepare for the future as inflation rate rises againTucson restaurants like Boca, Feast, and Rocco's Little Chicago Pizzeria are all paying higher prices for basic ingredients. They are trying not to raise prices but have found times to be tough.
Read more »