U.S. stock futures climb after China rate cut, as Dow headed for its worst losing streak in history
U.S. stock futures pointed to a strong bounce for Wall Street on Friday, with sentiment getting a lift from a cut one of China’s key lending rates. But investors are still facing yet another weekly loss.
How are stock-index futures trading? On Thursday, the Dow industrials and S&P 500 booked their lowest closes since March 2021, according to Dow Jones Market Data. The Dow DJIA fell 236.94 points, or 0.8%, ending at 31,253.13, after a 300 point gain at one point. The S&P 500 SPX fell 0.6% to 3,900.79, and the Nasdaq Composite COMP slipped 0.3% to 11,388.50.What’s driving markets? Wall Street futures took their cue from a strong Asian session, where the Hong Kong Hang Seng HSI rallied 3.
The S&P finished a step closer to bear-market territory on Thursday as the Russia-Ukraine war, a China slowdown, high inflation and rising interest rates have sparked concerns over corporate profits and economic growth. Down 3% or more each, major indexes are likely facing yet another week of losses. The Dow industrials is set for its eighth-straight loss, which mark its longest streak in history, according to FactSet.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
S&P 500 reclaims 3900 but remains negative, and the Dow Jones drops more than 150 points on risk aversionS&P 500 reclaims 3900 but remains negative, and the Dow Jones drops more than 150 points on risk aversion By christianborjon SP500 DowJones Nasdaq Sentiment
Lire la suite »
Dow Falls 800 Points, Stock Market Selloff Continues As Major Retailers Warn Of Rising Cost PressuresStocks tanked as investors worried about inflation’s impact on consumer spending.
Lire la suite »
Dow tumbles 1,160 points in worst trading day since June 2020Dow tumbles over 1,000 points and the S&P 500 is hovering on the precipice of bear market territory as US markets continue downward on inflation fears.
Lire la suite »
Southern China sinkhole discovered, home to towering ancient treesExperts have discovered a 'primative forest' growing at the base of the sinkhole.
Lire la suite »
China to launch Tianwen 2 asteroid-sampling mission in 2025The mission will sample an asteroid, return to Earth and then head out again to study a second space rock.
Lire la suite »