S&P 500 futures bounced in overnight trading after the broad index notched its worst day in nearly two years as global markets sold off.
bounced in overnight trading after the broad index notched its worst day in nearly two years as global markets sold off.24/7 New York news stream: Watch NBC 4 free wherever you are
A weak July jobs report Friday sparked concerns that the Federal Reserve is behind the curve on rates cuts, fueling fears of a recession.The Dow, S&P 500 and Nasdaq are down 5%, 6% and 8% respectively in three days, their worst 3-day performance in more than two years.also contributed to the volatility. The Bank of Japan last week raised interest rates, contributing to a rise in the yen.
Many investors have come to view Monday's sell-off as long overdue in a market that's reached high valuations and new records, with some cautioning that the pain may have more room to run. "It's too early to say the low is in," wrote Keith Lerner, Truist's co-chief investment officer."There has been damage done, and the repair process will likely take time. However, the risk/reward appears to be gradually improving as the market's bar for positive surprises resets lower."surged 13% in after-hours trading on strong quarterly results and a guidance lift, while Lucid Group rallied 6% on better-than-expected revenue in the second quarter.
United Kingdom Latest News, United Kingdom Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US 500 IG Client Sentiment: Our data shows traders are now net-long US 500 for the first time since Jul 26, 2024 16:00 GMT when US 500 traded near 5,459.96.Positioning is more net-long than yesterday but less net-long from last week. The combination of current sentiment and recent changes gives us a further mixed US 500 trading bias.
Read more »
US 500 IG Client Sentiment: Our data shows traders are now net-long US 500 for the first time since Apr 25, 2024 when US 500 traded near 5,091.12.Traders are further net-long than yesterday and last week, and the combination of current sentiment and recent changes gives us a stronger US 500-bearish contrarian trading bias.
Read more »
S&P 500 futures rise after Meta posts quarterly beat: Live updatesThe Dow finished July with a 4.4% gain and notched its best month since December.
Read more »
S&P 500 futures are little changed as Wall Street awaits Fed decision: Live updatesMicrosoft shares tumbled in extended trading and traders awaited the Federal Reserve’s rate policy decision.
Read more »
S&P 500 rises ahead of major tech earnings reports set for later this week: Live updatesThe S&P 500 rose Monday as Wall Street geared up for a busy week of corporate earnings.
Read more »
Dow jumps 500 points as Wall Street claws back losses from the previous session: Live updatesStocks rose on Thursday as Wall Street attempted to recover from the worst session since 2022 for the S&P 500 and Nasdaq Composite.
Read more »