Stock futures little changed following Thursday’s comeback as investors assess Fed plans

Stock futures little changed following Thursday’s comeback as investors assess Fed plans


U.S. stock futures were little changed on Thursday night after the major averages staged a late-day comeback as investors appraised the likelihood of tighter monetary policy from the Federal Reserve to combat inflation.

Dow Jones Industrial Average futures rose 3 points, or 0.01%. S&P 500 and Nasdaq 100 futures climbed 0.02% and 0.05%, respectively.

The Dow Jones Industrial Average bounced back on Thursday after two straight days of losses. The Dow rose 87.06 points, or 0.25%, to 34,583.57 after dropping as much as 300 points earlier in the session. The S&P 500 gained 0.43% to 4,500.21, and the Nasdaq Composite ticked up 0.06% to 13,897.30.

The choppy session came amid continued uncertainty as investors weighed a more aggressive stance against inflation by the Federal Reserve. On Wednesday, the central bank disclosed its March meeting minutes, indicating that policymakers plan to reduce their bond holdings by a consensus amount of about $95 billion a month. The minutes also indicated potential interest rate hikes of 50 basis points in future meetings.

“We’re in a trading range market and it’s going to be this way for some time,” Stephanie Link, chief investment strategist and portfolio manager at Hightower, told CNBC’s “Closing Bell.” “And it’s really because we just have so many unknowns to deal with.”

On the economic front, the wholesale inventories report will be released on 10 a.m. on Friday.

Investors are also looking ahead to earnings season, which will kick off next week with reports from five big banks. JPMorgan will report before the bell on Wednesday. Citigroup, Goldman Sachs, Morgan Stanley and Wells Fargo will report before markets open on Thursday.



Source

European markets set to kick off Monday on a flat note, after record highs last week
World

European markets set to kick off Monday on a flat note, after record highs last week

The City of London financial district at sunrise. Alexander Spatari | Moment | Getty Images LONDON — European stocks are expected to open in flat territory on Monday as regional markets look for momentum after a series of positive sessions last week. The U.K.’s FTSE index, Germany’s DAX, France’s CAC 40 and Italy’s FTSE MIB are […]

Read More
Who is Sanae Takaichi? The first woman set to helm the Japanese government
World

Who is Sanae Takaichi? The first woman set to helm the Japanese government

Sanae Takaichi listens to a question after visiting the Yasukuni shrine to honour the war dead durig the shrine’s spring festival in Tokyo on April 23, 2015. Toshifumi Kitamura | Afp | Getty Images Having won the presidency of Japan’s ruling Liberal Democratic Party, Sanae Takaichi is on the verge of becoming the country’s first […]

Read More
U.S. tech giants hit pause on India data center deals under weight of trade uncertainty
World

U.S. tech giants hit pause on India data center deals under weight of trade uncertainty

Key Points U.S. technology companies are delaying their decisions to lease large data centers in India. New deals for data centers have been on hold for over two months, a source told CNBC. Hyperscalers may revisit their plans within the next three to six months. U.S. technology companies are delaying their decisions to lease large data centers in India, jittery from […]

Read More