Stock futures fall as investors prepare for the S&P 500 to test its June low
Traders work on the floor of the New York Stock Exchange during morning trading on September 06, 2022 in New York City.U.S. equity futures were little changed Sunday evening after surging interest rates and foreign currency turmoil pushed the major averages to near their lows of the year.
Investors were reacting to the Federal Reserve's commitment to its rate hiking plan to help tame inflation. At the conclusion of the FOMC meeting, chair Jerome Powell said the central bank could raise rates as high as 4.6% before pulling back. The forecast also shows the Fed plans to stay aggressive this year, hiking rates to 4.4% before 2022 ends.
A slew of Fed speakers — including Fed Vice Chair Lael Brainard, St. Louis Fed President James Bullard, San Francisco Fed President Mary Daly and Fed Governor Michelle Bowman — and Chair Powell are also scheduled to speak at various events this week.Investors are mentally preparing to see the S&P 500 test its low of the year, and that could mean a shorter-term bottom, according to Truist's chief market strategist Keith Lerner.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Logitech Brio 500 Webcam review: Setting a new standardThe Logitech Brio 500 adds a whole truckload of features to create a new best-in-class 1080p webcam for work and personal video calls.
Consulte Mais informação »
Channel Your Inner Child With This 1972 Fiat 500 Jolly | CarscoopsThe pastel blue shade of the exterior is the perfect match for the wicker seats of the exposed cabin
Consulte Mais informação »
Acer Predator Triton 500 SE review: I expected moreYou deserve better from a laptop that costs this much.
Consulte Mais informação »
Dow Hits 2022 Low as Markets Sell Off on Recession FearsThe Dow Jones Industrial Average fell 1.6%, closing at its lowest level since late 2020. The S&P 500 fell 1.7%, close to its 2022 low set in mid-June, while the Nasdaq slid 1.8%. The selling capped another rough week on Wall Street, leaving the major indexes with their fifth weekly loss in six weeks.
Consulte Mais informação »
Ford GT70 – dead on arrival | EvoThe GT70 was supposed to be Ford’s first mid-engined rally contender, to be joined by 500 homologation road cars, but a plethora of problems saw it stall at the testing phase -
Consulte Mais informação »