Stock futures rose in overnight trading Sunday after the Dow fell for its 8th straight week amid a broader market sell-off.
Hyundai Plans $5 Billion Investment in U.S. on Mobility Technology Such as Autonomous Driving and Robotics
Eight of 11 sectors ended the week in the red, led by consumer staples, which dipped 8.63% and had its worst weekly performance since March 2020. Energy finished the week on top, rising 1.09%. Consumer discretionary and communication services also finished the week more than 32% off their 52-week highs.
"Investors are trying to come to grips with what exactly is happening and always try to guess what the outcome is," said Susan Schmidt of Aviva Investors."Investors hate, and the markets hate uncertainty, and this is a period where they don't have any clear indication on what's going to happen with this push-pull between inflation and the economy."names.
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