Tuesday, August 9, 2022
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • CCPA
  • DMCA
News Two Daily News
  • Home
  • Headlines
  • US News
  • World
  • Sports
  • Business
  • Technology
  • Entertainment
  • Science
  • Health
No Result
View All Result
  • Home
  • Headlines
  • US News
  • World
  • Sports
  • Business
  • Technology
  • Entertainment
  • Science
  • Health
No Result
View All Result
Morning News
No Result
View All Result
Home Business

Stock futures are flat after S&P 500 snaps a 5-day slide

  • Sponsored results for Stock futures are flat after S&P 500 snaps a 5 day slide

  •  
January 11, 2022
in Business
Stock futures are flat after S&P 500 snaps a 5-day slide


Stock futures held steady in overnight trading Tuesday after a rally on Wall Street as investors bought the dip following a five-day sell-off in the S&P 500.

Futures on the Dow Jones Industrial Average were little changed. S&P 500 futures and Nasdaq 100 futures were also flat.

The overnight session followed a rebound in the market with the tech-heavy Nasdaq Composite gaining more than 1% for a second straight day of gains. The S&P 500 rose 0.9% on Tuesday, snapping a five-day slide, while the blue-chip Dow added 180 points.

“The anxiety relating to the Fed’s recent hawkish tilt and the outlook for higher rates seems to have calmed a tad (at least for now), leaving investors fishing for opportunities in pockets that saw the deepest cuts in recent weeks,” Chris Hussey, a managing director at Goldman Sachs said in a note.

Technology shares have suffered a steep sell-off in the new year after the Federal Reserve signaled a faster-than-expected tightening schedule. Many bet that the market could see the first interest-rate hike as soon as March.

Bond yields, which spiked to start 2022, stabilized on Tuesday with the10-year Treasury yield slipping to 1.76% after topping the 1.8% level earlier in the week.

Investors are awaiting Wednesday’s key inflation data to assess the economic picture and the Fed’s next move.

A key measure of consumer prices is expected to show that inflation at the consumer level spiked in December, the hottest jump in prices since the early 1980s. Economists expect the consumer price index rose 0.4% in December, and 7% on a year-over-year basis, according to Dow Jones.

“I’m not sure the inflation data tomorrow is going to put investors’ minds at ease, with CPI seen hitting a multi-decade high above 7%,” said Craig Erlam, senior market analyst at Oanda. “A higher reading could spook investors once again just as equity markets appear to be stabilizing.”

Fed Chairman Jerome Powell said on Tuesday that the economy is both healthy enough and in need of tighter monetary policy, which likely will entail rate hikes, tapering of asset purchases and a smaller balance sheet.

Meanwhile, big banks will kick off the fourth-quarter earnings season on Friday. JPMorgan Chase, Citigroup and Wells Fargo are slated to release quarterly results before the bell.



Read More News: Stock futures are flat after S&P 500 snaps a 5-day slide

Tags: 5dayBreaking News: Marketsbusiness newsflatfuturesInvestment strategyMarketsslidesnapsStockStock marketsWall Street

Related Posts

Cryptoverse: Blockchain bridges fall into troubled waters
Business

Cryptoverse: Blockchain bridges fall into troubled waters

August 9, 2022
Oil edges up as strong economic data feeds hopes for demand
Business

Oil edges up as strong economic data feeds hopes for demand

August 8, 2022
Futures Dip: These 5 Chip Stocks Could Use This
Business

Futures Dip: These 5 Chip Stocks Could Use This

August 7, 2022
Tesla made misleading claims about Autopilot and Self Driving, California DMV claims
Business

Tesla made misleading claims about Autopilot and Self Driving, California DMV claims

August 7, 2022
Today’s mortgage and refinance rates: August 6, 2022 | Rates trend down
Business

Today’s mortgage and refinance rates: August 6, 2022 | Rates trend down

August 6, 2022
Stocks fall after strong July jobs report points to more Fed action
Business

Stocks fall after strong July jobs report points to more Fed action

August 5, 2022

Leave a Reply Cancel reply

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

Trend Today

Peru President, Martín Vizcarra, Survives Impeachment Vote

Peru President, Martín Vizcarra, Survives Impeachment Vote

September 19, 2020
Suspect killed in shootout with officers in Midvale, 3 others arrested

Suspect killed in shootout with officers in Midvale, 3 others arrested

September 19, 2020
Presentation Pac-12 presidents and chancellors saw before postponing sports featured

Presentation Pac-12 presidents and chancellors saw before postponing sports featured

September 18, 2020
US to declare UN sanctions reimposed on Iran despite disagreement from allies

US to declare UN sanctions reimposed on Iran despite disagreement from allies

September 17, 2020
Hurricane Sally unleashes

Hurricane Sally unleashes

September 16, 2020

EDITOR'S PICK

Hunter Biden emails were reportedly shopped around in Ukraine for $5 million, while

Hunter Biden emails were reportedly shopped around in Ukraine for $5 million, while

October 22, 2020
Mnuchin says significant new aid package still needed to help economy recover from

Live updates: CDC offers stronger endorsement of mask-wearing as U.S. sets another

November 11, 2020
Former Obama White House adviser arrested for allegedly stealing over $200,000 from

Former Obama White House adviser arrested for allegedly stealing over $200,000 from

April 27, 2021
Angel Olsen on the Love and Loss That Led to Her Spectacular New Album, ‘Big Time’

Angel Olsen on the Love and Loss That Led to Her Spectacular New Album, ‘Big Time’

June 3, 2022

Headlines

3 charged with helping Mall of America shooter; 2 suspects still at large

3 charged with helping Mall of America shooter; 2 suspects still at large

August 9, 2022
Nasdaq climbs, Dow gains more than 100 points as Wall Street rally continues

Nasdaq climbs, Dow gains more than 100 points as Wall Street rally continues

August 8, 2022
Israel-Gaza: Hopes as Gaza ceasefire comes into effect

Israel-Gaza: Hopes as Gaza ceasefire comes into effect

August 7, 2022
Chinese and Taiwanese warships eye each other as drills due to end

Chinese and Taiwanese warships eye each other as drills due to end

August 7, 2022

Sports

Yanks’ Carpenter breaks foot amid resurgent year

Yanks’ Carpenter breaks foot amid resurgent year

August 9, 2022
Eckersley to leave BoSox booth after ’22 season

Eckersley to leave BoSox booth after ’22 season

August 8, 2022
2022 Wyndham Championship leaderboard: Live updates, full coverage, golf scores in

2022 Wyndham Championship leaderboard: Live updates, full coverage, golf scores in

August 7, 2022
Vintage Scherzer, Mets sweep Braves to take series 

Vintage Scherzer, Mets sweep Braves to take series 

August 7, 2022

World

Live Updates: Ukrainian Grain Has Not Gone to Countries Most in Need

Live Updates: Ukrainian Grain Has Not Gone to Countries Most in Need

August 9, 2022
UN chief calls latest Russian attack on nuclear plant ‘suicidal’; Zaporizhzhia set

UN chief calls latest Russian attack on nuclear plant ‘suicidal’; Zaporizhzhia set

August 8, 2022
Chile sinkhole grows large enough to swallow France’s Arc de Triomphe

Chile sinkhole grows large enough to swallow France’s Arc de Triomphe

August 7, 2022

China-Taiwan news: White House calls Chinese drills ‘provocative’ and ‘irresponsible’

August 7, 2022
  • About Us
  • Contact Us
  • Terms of Use
  • Privacy Policy
  • CCPA
  • DMCA

© 2020 Newstwo.net

No Result
View All Result
  • Home
  • Headlines
  • US News
  • World
  • Sports
  • Business
  • Technology
  • Entertainment
  • Science
  • Health

© 2020 Newstwo.net

Get more stuff like this
in your inbox

Subscribe to our mailing list and get interesting stuff and updates to your email inbox.

Thank you for subscribing.

Something went wrong.

We respect your privacy and take protecting it seriously