Before the Bell | Stock futures point to more losses amid surging inflation
By Danilo
Hey, mooers! Here are things you need to know before the opening bell:
- Stock futures were lower in early morning trading Friday after a sharp Thursday sell-off on Wall Street spurred by the hottest inflation reading in four decades.
- Christine Lagarde has suggested financial markets that have been pricing in faster-than-expected European interest rate hikes should, as they say, cool their jets.
Market Snapshot
Stock futures were lower in early morning trading Friday after a sharp Thursday sell-off on Wall Street spurred by the hottest inflation reading in four decades.
Futures on the $Dow Jones Industrial Average (.DJI.US)$ dropped 118 points, or 0.4%. $S&P 500 Index (.SPX.US)$ futures slipped 0.5% and $NASDAQ 100 Index (.NDX.US)$ futures dropped 0.6%.
Market Temperature
Stock futures point to more losses amid surging inflation
U.S. stock futures fell and bond yields largely rose, suggesting that the volatility driven by higher-than-expected inflation data would extend into a second day. The S&P 500 is on track for its worst weekly performance since mid-January.
U.S. stock futures fell and bond yields largely rose, suggesting that the volatility driven by higher-than-expected inflation data would extend into a second day. The S&P 500 is on track for its worst weekly performance since mid-January.
Lagarde pushes pack against hasty interest rate action
Christine Lagarde has suggested financial markets that have been pricing in faster-than-expected European interest rate hikes should, as they say, cool their jets.
Christine Lagarde has suggested financial markets that have been pricing in faster-than-expected European interest rate hikes should, as they say, cool their jets.
Federal reserve to test ability of largest banks to weather recession
The stress test will feature a scenario in which markets seize up and unemployment jumps to 10%.
The stress test will feature a scenario in which markets seize up and unemployment jumps to 10%.
Canadian mayor makes plea for injunction as trucker protest limits Ford, GM auto production
The Canadian border city of Windsor, Ontario, is seeking a court order to remove demonstrators who have blocked most traffic along a crucial U.S.-Canada trade corridor for four days. $Ford Motor (F.US)$ $General Motors (GM.US)$
The Canadian border city of Windsor, Ontario, is seeking a court order to remove demonstrators who have blocked most traffic along a crucial U.S.-Canada trade corridor for four days. $Ford Motor (F.US)$ $General Motors (GM.US)$
Elon Musk expects starship to deliver launches at lower costs
Starship should be able to reach orbits for less than $10 million a flight within two to three years, Elon Musk said during a presentation at SpaceX's southern Texas facility, where the company plans to launch the spacecraft. $Tesla (TSLA.US)$
Starship should be able to reach orbits for less than $10 million a flight within two to three years, Elon Musk said during a presentation at SpaceX's southern Texas facility, where the company plans to launch the spacecraft. $Tesla (TSLA.US)$
Zillow's shuttered home-flipping business lost $881 million in 2021
The real-estate company says in a letter to shareholders that it is targeting revenue of $5 billion by 2025. $Zillow-C (Z.US)$ $Zillow-A (ZG.US)$
The real-estate company says in a letter to shareholders that it is targeting revenue of $5 billion by 2025. $Zillow-C (Z.US)$ $Zillow-A (ZG.US)$
Binance to invest in Forbes
The cryptocurrency exchange operator is making a $200 million investment in the publisher of Forbes magazine, an unusual tie-up.
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The cryptocurrency exchange operator is making a $200 million investment in the publisher of Forbes magazine, an unusual tie-up.
Read More
Source: CNBC, Dow Jones Newswires, Bloomberg
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
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