Stock-market futures bouncing back after Fed disappointment sparks selloff
U.S. stock-index futures on Thursday indicated a mixed start for Wall Street, a day after Federal Reserve Chairman Jerome Powell dampened expectations for further interest rate cuts, following the central bank’s first rate cut in more than a decade on Wednesday.
The Dow DJIA, -1.23% and S&P 500 SPX, -1.09% on Thursday suffered their biggest one-day percentage losses since May 31. The Dow ended Thursday with a loss of 333.75 points, or 1.2%, at 26,864.27, while the S&P 500 fell 32.8 points, or 1.1%, to close at 2,980.38. The Nasdaq COMP, -1.19% fell 98.19 points to 8,175.42, a drop of 1.2% — the biggest one-day fall for the tech-heavy gauge since June 25.
Weekly jobless claims showed little sign of labor-market weakening, after the Labor Department estimated that 215,000 Americans applied for jobless benefits in the week ended July 27. That’s a bit higher than the 210,000 predicted by economists, per a MarketWatch poll, but still at historically low levels.
Shares of Dunkin’ Brands Group Inc. DNKN, -1.76% were expected to be in focus after reporting a second-quarter profit and Dunkin’ same-store sales that beat expectations, while revenue and Baskin-Robbins same-store sales missed.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
Here’s how the stock market tends to perform when the Fed cuts ratesThe Federal Reserve is widely expected to cut benchmark borrowing costs for the first time in more than a decade on Wednesday.
Consulte Mais informação »
Dow, S&P 500 fall after after Fed rate cut, but stock market breadth remains positive.The Dow Jones Industrial Average sank to a triple-digit loss in afternoon trading Wednesday, after the Federal Reserve's decision to cut its target on...
Consulte Mais informação »
Here’s how the stock market tends to perform after a Fed rate cutThe Federal Reserve cut benchmark borrowing costs for the first time in more than a decade on Wednesday. Here’s how the stock market has reacted to cuts in...
Consulte Mais informação »
This Fed rate cut could signal the stock market’s peakThis Fed rate cut could signal the stock market’s peak, says investment manager Michael O'Sullivan:
Consulte Mais informação »
Former Atlanta Fed chair: The Fed is looking at data, not marketsSouthern Company Chairman and CEO Thomas Fanning, joins 'Squawk Box' as a former chairman of the Federal Reserve Bank of Atlanta to discuss what he expects from the Fed's decision on interest rates.
Consulte Mais informação »
Here's what major Wall Street economists believe the Federal Reserve will do todayHere's what major Wall Street economists believe the Federal Reserve will do
Consulte Mais informação »