• Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
Top Trading Strategy
No Result
View All Result
Home Breaking News

Stock futures are flat after Dow suffers its worst day of the year

by
February 18, 2022
in Breaking News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Related Posts

Ryanair cabin crew in Spain announce 12 new days of strikes in July

Blasts kill three in Russian city near border; Ukraine concedes last eastern bastian could fall

Germany Risks a Cascade of Utility Failures, Economy Chief Says

Meta could be ‘bracing for a tornado-like quarter’: Wedbush’s Dan Ives

Traders on the floor of the NYSE, Feb. 17, 2022.
Source: NYSE

Stock futures were flat in overnight trading Thursday following the Dow Jones Industrial Average’s worst day of 2022 as investors dumped risk assets amid geopolitical concerns.

Futures on the blue-chip Dow were little changed. S&P 500 futures were also flat, while Nasdaq 100 futures edged 0.1% lower.

Wall Street suffered a steep sell-off on Wednesday with the Dow falling more than 600 points for its biggest daily drop since end of November. The S&P 500 dropped more than 2% to break a two-day winning streak, while the Nasdaq Composite declined 2.9%.

Investors continued to be on edge about the ongoing tensions between Russia and Ukraine. Ukraine accused pro-Russian separatists of attacking a village near the border. In the U.S., meanwhile, Secretary of State Antony Blinken was headed to the United Nations to make an urgent appeal against an invasion.

“A further escalation of tensions in the near term could roil markets due to the potential impact on a tenuous global supply chain, particularly as the Fed prepares for its first-rate hike in years,” said Peter Essele, head of portfolio management at Commonwealth Financial Network. “A perfect storm may be on the horizon if calmer heads don’t prevail.”

Investors have been grappling with the outlook for Federal Reserve policy. St. Louis Fe President James Bullard, who had just called for aggressive action, warned that inflation could get out of control without rate hikes.

Major averages are on pace for their second negative week in a row. The Dow is down 1.2% week to date, while the S&P 500 and the Nasdaq have fallen 0.9% and 0.5% this week, respectively.

“Wall Street is feeling very jittery as it looks to the left and sees intensifying geopolitical risks with the Ukraine situation and then it looks to the right and sees the potential for aggressive Fed tightening,” Edward Moya, senior market analyst at Oanda, said in a note.

Roku shares dropped as much as 12% in extended trading after the video-streaming company reported a revenue miss and issued a weaker-than-expected guidance.

Next Post

Cepton's stock leaped by as much as 746%, even after the Nasdaq halted trading 9 times

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

Popular Posts

Breaking News

Ryanair cabin crew in Spain announce 12 new days of strikes in July

by
July 3, 2022
0

A Ryanair aircraft, which was carrying Belarusian opposition blogger and activist Roman Protasevich and diverted to Belarus, where authorities detained...

Read more

Ryanair cabin crew in Spain announce 12 new days of strikes in July

Blasts kill three in Russian city near border; Ukraine concedes last eastern bastian could fall

Germany Risks a Cascade of Utility Failures, Economy Chief Says

Meta could be ‘bracing for a tornado-like quarter’: Wedbush’s Dan Ives

Forget the 1970s — this market is drawing comparisons to the 1870s

Mark Zuckerberg issues dire economic warning to Meta employees

Load More

All rights reserved by www.toptradingstrategy.net

  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting
No Result
View All Result
  • Home
  • Breaking News
  • Privacy Policy
  • Email Whitelisting

© 2022 JNews - Premium WordPress news & magazine theme by Jegtheme.