U.S. stock futures drifted lower Monday, as worries about Federal Reserve policy reverberated, on the technology sector in particular.
What’s happening On Friday, the Dow Jones Industrial Average DJIA, -0.01% finished nearly unchanged, but the S&P 500 fell 0.4% SPX, -0.41% and the tech-heavy Nasdaq Composite COMP, -0.96% lost 1%. According to FactSet, growth stocks underperformed value stocks last week by the most since election week 2020.
What’s driving markets Analysts were still discussing Friday’s payrolls report, which despite a worse-than-forecast reading on nonfarm payrolls did show a decline in the unemployment rate and a rise in wages. Economists at Goldman Sachs now expect four Federal Reserve rate increases in 2022, instead of their previous call for three, and say a runoff in the balance sheet will commence in July instead of December. “Declining labor market slack has made Fed officials more sensitive to upside inflation risks and less sensitive to downside growth risks,” they said in a note to clients.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Bitcoin Approaches Death Cross as Goldman Foresees 4 Fed Rate Hikes This YearBitcoin eyes first death cross since June amid worsening macro outlook. reports godbole17
Weiterlesen »
Economy Week Ahead: the Fed, Inflation, ConsumersFederal Reserve Chairman Jerome Powell’s confirmation hearing and the latest readings on inflation highlight this week’s economic calendar.
Weiterlesen »
Fed's Outgoing Vice Chair Richard Clarida’s 'Rebalancing' Trades Ignite Fed Trading Ethics Scandal – Economics Bitcoin NewsThe outgoing vice chair of the Federal Reserve’s trading activities has reignited ethics conversations. FederalReserve Pandemic Stimulus
Weiterlesen »
Bitcoin Approaches Death Cross as Goldman Foresees 4 Fed Rate Hikes This YearBitcoin eyes first death cross since June amid worsening macro outlook. reports godbole17
Weiterlesen »
Stock Futures Fall After S&P 500 Posts 4-Day Losing StreakStock futures were lower in overnight trading Sunday after a rocky start to 2022 for equity markets as interest rates rise.
Weiterlesen »
Yields Rise, Stock Futures Waver Ahead of Inflation Data, EarningsFutures pointed to muted moves for U.S. stocks, while government bonds extended losses, as investors awaited inflation data and the start of fourth-quarter earnings season.
Weiterlesen »