Business & Investment

Equity futures rise as Wall Street is ready to break a series of weekly losses

US stock futures showed a further rise on Friday, with key indices expected to fall for the third straight week, especially supported by rising interest rates among tech stocks and calm on the outlook for bargain hunting.

How about stock index futures?
  • S & P500 Futures
    + 0.66%

    0.7% increase to 3,827

  • Dow Jones Industrial Average 30 Futures
    + 0.57%

    178 points (0.6%) increase to 30,850

  • Nasdaq 100 Futures
    + 0.84%

    Added 0.8% to 11,841

upon ThursdayDow Jones Industrial Average 30
+ 0.64%

After moving between profits and losses, it rose 194.23 points, or 0.6%, and ended near the session’s highest of 30,677.36. S & P 500
+ 0.95%

It rose 1% and ended at 3,795.73.Nasdaq Composite Index
+ 1.62%

It increased by 179.11 points (1.6%) and ended at 11,232.19.

What is driving the market?

Major stock indexes are on the rise every week, breaking the loss streak for all three weeks.

Behind some of the new vitality of equities is a chill in bond yields, as well as yields on 10-year government bonds.

Down in a week.

OANDA’s senior market analyst, Jeffrey Halley, said the market “recession cessation rate rises much faster,” instead of rattling at Federal Reserve Chairman Jerome Powell’s words to fight inflation. “I continue to bid.”

On the second day of testimony at Capital Hill, Powell said I think the recession is inevitableBut he has an “unconditional” commitment to combat inflation. He also said he wants the Fed to hold higher prices without causing a recession.

“This week’s move could still turn out to be the result of financial markets genetically pre-programmed to buy down stock and bond prices, thanks to a large central bank company for 20 years. It could also be a modification of the bear market, as the exit door stampede was overdone in the short term, leading to a short squeeze, “Harry said.

read: Don’t trust stock market backlash until S & P 500 exceeds 3,800: Analysts

The economic spotlight on Friday is in the final reading of the University of Michigan’s Consumer Psychology Index. This is part of the reason the Fed chose to raise rates by 75 basis points instead of 50 basis points at a recent meeting.

read: This is a comment from Powell that can make it difficult for the Fed to slow the pace of rate hikes.

The data is scheduled for 10 am with the sale of new homes in May. Investors will also hear from two Fed speakers that St. Louis Fed President James Bullard will speak at 7:30 am and Fed President Mary Daily will speak at 4:00 pm. prize.

Equity futures rise as Wall Street is ready to break a series of weekly losses Equity futures rise as Wall Street is ready to break a series of weekly losses

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