Traders on the ground of the NYSE, Aug. 9, 2022.
U.S. inventory futures fell on Sunday night time following a halt in the summer rally last week, as fears of aggressive rate of interest hikes returned to Wall Street.
Dow Jones Industrial Average futures slid by 93 factors, or 0.28%. S&P 500 and Nasdaq 100 futures dipped 0.35% and 0.53%, respectively.
On Friday, the S&P 500 closed down 1.29%. The Dow Jones Industrial Average dropped 292 factors, or 0.86%, and the Nasdaq Composite dropped 2.01%.
Those strikes come ahead of what could possibly be a risky week of buying and selling on Wall Street. Investors are anticipating Fed Chairman Jerome Powell’s newest feedback on inflation on the central financial institution’s annual Jackson Hole financial symposium.
“We’ve written a couple of times recently about wait and see trading ahead of key events/releases… and how that can set the stage for greater volatility around the events themselves, and we may see a bit of that play out next week as investors await the symposium,” learn a Friday be aware from Susquehanna’s Christopher Jacobson.
On the earnings entrance, merchants expect Palo Alto Networks and Zoom Video to report outcomes Monday after the bell.