The future of U.S. equities rose slightly on Monday night as investors continued to monitor developments in the Russia-Ukraine conflict and were ready to make an important decision on the Federal Reserve.
Dow Jones Industrial Average futures rose 63 points, or 0.19%. The S&P 500 and Nasdaq 100 futures rose 0.25% and 0.36%, respectively.
Earlier, the S&P 500 fell 0.7%, while the Nasdaq Composite technology slipped 2%. They both finished seventh in the last eight. Meanwhile, the Dow Jones Industrial Average ended flat after rising 450 points earlier in the day.
Investors saw the ongoing conflict between Russia and Ukraine as the two countries began a new ceasefire talks on Monday. Russia, meanwhile, is nearing a deadline for its debt repayments.
Meanwhile, U.S. and Chinese officials met on Monday to discuss a number of challenges to their bilateral relations, including Russia’s ongoing war in Ukraine.
“The market is nervous,” said Gene Goldman, chief investment officer at Cetera Investment Management. “There are so many concerns about the Russian invasion, inflation and the Fed. With the growing concern of the bear market, investors have shuddered.”
However, he said he did not think the bear market was on the cards, and said: “A reversal / correction becomes a bear market if a recession is likely. All the basic data (labor, construction expenditure, PMI, etc.) are all supported. strong economic base “.
Investors expect a significant rate hike from the Fed after the central bank launched a two-day session on Tuesday, which will signal a tightening of monetary policy. The central bank is expected to raise its target for a quarter-of-percent rate on food funds from zero.
There will also be adjustments to the economic outlook, forecasts of the future path of rates, and likely to discuss when the Fed can begin to reduce its bond portfolio.
Stock futures are rising slightly as Wall Street raises the Fed rate, pending its evolution in Ukraine
Source link Stock futures are rising slightly as Wall Street raises the Fed rate, pending its evolution in Ukraine