The S&P 500 and Nasdaq Composite cinched their third straight negative session on Tuesday.
U.S. stock futures hovered near the flatline on Tuesday night after the S&P 500 notched its third straight day of losses.needs to see more progress on the inflation front
"The primary headwind is the hawkish repricing of Fed expectations. I don't think Fed Chair Powell did much to ease those concerns today, perhaps intentionally," he told CNBC."The market is getting to a place where it's questioning whether there will be a rate cut at all in 2024."Mayfield sees equities trading mostly range-bound in the near term, with an exception being if any geopolitical event spikes oil prices even higher.
"Margin loans keep rising, and that's never a bullish sign," Peterffy said."That usually foretells a market that is going to slow down, so that is what we're probably going to be seeing."
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock futures inch higher after the S&P 500 registers third straight losing day: Live updatesThe S&P 500 and Nasdaq Composite cinched their third straight negative session on Tuesday.
Read more »
Stock futures are little changed after S&P 500 registers a fresh closing record: Live updatesStocks rallied across the board on Wednesday, with the S&P 500 gaining 0.85% to close at a record-high level and approaches its best first quarter since…
Read more »
Stock Market Today: S&P 500 closes lower as Powell signals higher for longer ratesStock Market Today: S&P 500 closes lower as Powell signals higher for longer rates
Read more »
Stock Market Today: S&P 500 closes higher on tech strength; big bank earnings eyedStock Market Today: S&P 500 closes higher on tech strength; big bank earnings eyed
Read more »
Stock Market Today: S&P 500 closes flat ahead of key inflation data, earningsStock Market Today: S&P 500 closes flat ahead of key inflation data, earnings
Read more »
BTC/S&P 500 Correlation: What Stock Market Can Tell Us About Bitcoin PriceComparing S&P 500 and BTC can give important insights on Bitcoin price prediction
Read more »