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.
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.
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
Lire la suite »
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.
Lire la suite »
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
Lire la suite »
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
Lire la suite »
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.
Lire la suite »
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.
Lire la suite »