Top Trending News

Stock Futures Open Little Changed as Market Rally Seeks to Regain Momentum: Live Updates


Stock futures were flat Wednesday evening as Wall Street looked to build on a modest rebound with key economic data available.

Futures contracts linked to Dow Jones Industrial Average only increased by 3 points, or less than 0.1%. S&P 500 Futures Contracts have changed little, and Nasdaq 100 Futures fell less than 0.1%.

Actions rallied Wednesday, but did not erase all losses from Tuesday’s selloff, which followed a stronger-than-expected inflation report. THE S&P500 retook the 5,000 level, closing slightly above it. Investors wonder if the Federal Reserve can lower inflation without derailing an economy that continues to surprise on the rise.

“Resilient growth supports inflation, which should also put upward pressure on rates. However, strong economic activity also supports earnings. And looking ahead, the market is more interested in economic growth and earnings forecasts as well as interest rates and inflation,” Dylan said. Kremer, chief investment officer at Certuity.

Investors will receive a new update on the state of the U.S. economy on Thursday, with January retail sales data and weekly jobless claims expected to be released before Wall Street opens.

Earnings season continues to paint a confusing picture of corporate America. Cisco shares were down 5% in extended trading after the technology company layoffs announced and weak sales forecasts. Tripadvisor jumped 7% after beating estimates on the upper and lower lines.

Fast food company Shake Shack is expected to report results before the bell on Thursday.


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button