The Dow industrials and S&P 500 will be fighting off what could be the fourth-straight losing session on Friday.
U.S. stock futures were fighting for gains in premarket trading on Friday, with tech in the black after shares of two heavyweights — Google parent Alphabet Inc. and Netflix Inc. — responded positively to corporate news.
accWhat’s driving... U.S. stock futures were fighting for gains in premarket trading on Friday, with tech in the black after shares of two heavyweights — Google parent Alphabet Inc. and Netflix Inc. — responded positively to corporate news. What’s driving markets? All three indexes are facing weekly losses of at least 2%, with the S&P 500 down 3.6% as of Thursday’s session. Investors have been dogged this week by mixed signals on the economy’s strength ahead of a Federal Reserve policy meeting in early February.
Investors have been closely monitoring comments by Fed speakers for clues about the central bank’s tightening plans in light of updates that included weak industrial production. Ten TMUBMUSD10Y and 2-year Treasury TMUBMUSD02Y yields were rising, continuing to bounce off four-month lows.
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