U.S. stock futures on Tuesday pointed to a weak finish to a strong month ahead of a key Federal Reserve rate decision and more corporate earnings.
What’s happening On Monday, the Dow Jones Industrial Average DJIA fell 261 points, or 0.77%, to 33717, the S&P 500 SPX declined 53 points, or 1.3%, to 4018, and the Nasdaq Composite COMPdropped 228 points, or 1.96%, to 11394.What’s happening On Monday, the Dow Jones Industrial Average DJIA fell 261 points, or 0.77%, to 33717, the S&P 500 SPX declined 53 points, or 1.3%, to 4018, and the Nasdaq Composite COMP dropped 228 points, or 1.96%, to 11394.
“We doubt that the Fed will deliver a dovish surprise at its meeting, but the imminent end of interest rate hikes is nevertheless positive for risk appetite,” said Willem Sels, global chief investment officer at HSBC Global Private Banking & Wealth. “That said, the main beneficiaries lie outside of the U,S,, in emerging markets, where borrowing costs are already declining as U.S. Treasury yields have peaked and the dollar is falling.
The U.S. dollar index is down 11% from its late September peak. The yield on the 10-year Treasury has fallen nearly 70 basis points from its late October peak of 4.23%. The economics calendar includes the employment cost index, an important though lagging measure of wage pressure.
México Últimas Noticias, México Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
These stocks reporting earnings this week usually top Wall Street estimates and rallyThere are plenty of stocks with a solid track record of beating earnings expectations and rising on results. Here are few on tap for next week.
Leer más »
Top Wall Street analysts like these stocks for maximum returnsTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Meta and Alphabet
Leer más »
Luxury Gets Top Dollar in Wall Street Rush to SafetyWall Street might not always appreciate the romance of fashion — but if investors are good at anything, it’s poring over the numbers as they figure out just where to put their money.
Leer más »
World shares retreat after last week's gains on Wall StreetEuropean shares retreated Monday after a mixed session in Asia as attention turned to Wednesday’s decision by the Federal Reserve on interest rates.
Leer más »
Wall Street set to open lower ahead of Fed rate decisionWall Street was set to open lower on Monday, with the tech-focused Nasdaq futures dropping more than 1%, at the start of the busiest week of the earnings season and ahead of key central bank meetings.
Leer más »
This group is sharpening the GOP attack on ‘woke’ Wall StreetBankrolled by mysterious donors, a little-known group named Consumers’ Research has emerged as a key player in the conservative crusade to prevent Wall Street from factoring climate change into its investment decisions.
Leer más »