Stock futures fall soon after the Nasdaq Composite closes at a 2-yr lower

Stock futures fall soon after the Nasdaq Composite closes at a 2-yr lower


Traders on the ground of the NYSE, Aug. 8, 2022.

Resource: NYSE

U.S. stock futures traded decrease on Tuesday early morning following the Nasdaq Composite closed at its most affordable in two decades in the course of the common session.

Dow Jones Industrial Normal futures fell by 179 points, or .61%. S&P 500 and Nasdaq 100 futures slipped .62% and .6%, respectively.

Stocks shut lessen Monday, with the Nasdaq Composite slipping 1% subsequent a fall in semiconductor stocks. The Dow Jones Industrial Ordinary get rid of nearly 94 details, or .3%, while the S&P 500 declined about .8%.

Investors weighed reviews from JPMorgan CEO Jamie Dimon, who warned that the U.S. would possible tumble into a recession more than the future “6 to 9 months,” and explained the S&P 500 could drop one more 20% dependent on irrespective of whether the Federal Reserve engineers a gentle or a hard landing for the economy.

These remarks arrived at the commence of a big 7 days for third quarter lender earnings, and forward of Wednesday’s producer selling price report, Thursday’s shopper price tag index report for September and Friday’s retail sales quantities, also for previous month.

Trader reaction is centered exclusively on how the Federal Reserve will react to the economic climate as it operates to dampen inflation.

“You can find normally this thought of a Fed pivot coming appropriate around the corner, and they are just likely to tighten their belts to convey inflation down without affecting the financial system more broadly,” Dan Greenhaus, main strategist and economist at Solus Substitute Asset Management, explained Monday on CNBC’s “Closing Bell: Additional time.”

“All of that was constantly hopes and dreams. And the most possible result was … what background reveals constantly takes place, which is the Fed tightens, they tighten way too considerably, they cause an financial dislocation, the current market goes down. Complete end,” he extra.



Supply

Musk’s Grok AI is now on the Kalshi, Polymarket betting apps. What could go wrong?
World

Musk’s Grok AI is now on the Kalshi, Polymarket betting apps. What could go wrong?

Nurphoto | Nurphoto | Getty Images Elon Musk is now a driving force in prediction markets. Musk’s xAI on Thursday announced a partnership to integrate its artificial intelligence chatbot Grok with Kalshi’s prediction markets service. In June, xAI announced a similar deal with Polymarket, a Kalshi rival. Kalshi, the company that turned heads with a made-with-AI […]

Read More
What the prediction markets are saying about the big Wall Street events ahead
World

What the prediction markets are saying about the big Wall Street events ahead

The coming week poses a critical test for the stock market’s record-setting run with a number of make-or-break events — the Federal Reserve ‘s rate decision, July jobs report and President Donald Trump’s tariffs deadline. Popular wagers on prediction platforms Kalshi and Polymarket offer an alternative view into how the mainstream thinks things will unfold […]

Read More
Palantir joins list of 20 most valuable U.S. companies, with stock more than doubling in 2025
World

Palantir joins list of 20 most valuable U.S. companies, with stock more than doubling in 2025

Alex Karp, CEO of Palantir Technologies, speaks on a panel titled Power, Purpose, and the New American Century at the Hill and Valley Forum at the U.S. Capitol on April 30, 2025 in Washington, DC. Kevin Dietsch | Getty Images Palantir has hit another major milestone in its meteoric stock rise. It’s now one of […]

Read More