Jump to content
  • Sign Up
  • Create New...

Stock market today: Live updates

Pelican Press

Recommended Posts

Stock market today: Live updates

Traders work on the trading floor at the New York Stock Exchange (NYSE) in New York, August 8, 2022.

Andrew Kelly | Reuters

Stock futures were climbed on Monday morning, as Wall Street awaits guidance on monetary policy from the Federal Reserve this week.

Futures tied to the S&P 500 ticked up 0.27%. Dow Jones Industrial Average futures hovered near the flatline, while Nasdaq-100 futures added 0.47%.

Inflation concerns have pressured stocks in recent days, with the S&P 500 set to enter Monday trading riding a two-week losing streak. The 30-stock Dow and Nasdaq are also coming off marginal losses. A hotter-than-expected February core and wholesale inflation reading frustrated equities and sparked anxiety that the central bank may be partial toward higher interest rates for longer before its policy meeting begins on Tuesday.

“Next week’s Fed meeting could determine the direction for the market, particularly if the Fed telegraphs that rates need to remain steady, even for just a bit longer,” LPL Financial chief global strategist Quincy Krosby wrote in a Friday note. “That could be what’s needed to allow this market to absorb gains and consolidate before the new earnings season begins.”

According to the

This is the hidden content, please
, Fed funds futures are currently pricing in a 99% likelihood that the Fed will leave benchmark interest rates unchanged this week. However, the expectation for a June cut has ticked down in recent days to about 55%.

On Wednesday and Thursday, investors will also examine quarterly results from chipmaker Micron Technology and shipping giant FedEx.

This is the hidden content, please

Breaking News: Investing,Wall Street,NASDAQ 100 Fut (Mar'23),Dow Jones Fut (Mar'23),S&P 500 Fut (Mar'23),FedEx Corp,Micron Technology Inc,******* States,Markets,Stock markets,Breaking News: Markets,Investment strategy,business news
#Stock #market #today #Live #updates

This is the hidden content, please

Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Recently Browsing   0 members

    • No registered users viewing this page.

Important Information

Privacy Notice: We utilize cookies to optimize your browsing experience and analyze website traffic. By consenting, you acknowledge and agree to our Cookie Policy, ensuring your privacy preferences are respected.