U.S. stock index futures point to gains for Wall Street, after major indexes suffer back-to-back losses.
U.S. stock-index futures pointed to gains for Wall Street on Wednesday as investors weigh earnings reports and await economic data after kicking off August with back-to-back losses.
What’s happening Stocks ended a choppy session with hefty losses Tuesday, with the Dow DJIA dropping over 400 points, or 1.2%, while the S&P 500 SPX lost 0.7% and the Nasdaq Composite COMP ticked down 0.2%. “Two factors injected volatility into the capital markets yesterday: U.S. Speaker Pelosi’s visit to Taiwan and the Fed officials pushing back against the easing of financial conditions. Today, the market is judging China’s response to be mild, and U.S. rates have stabilized,” said Marc Chandler, chief market strategist at Bannockburn Global Forex, in a note.
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