U.S. stock index futures are mixed as investors wait to see what the start of the Fed's quantitative tightening will bring.
U.S. stock index futures were mostly higher on Wednesday, as a new month of trading kicked off, along with the start of the reduction by the Federal Reserve of its $9 trillion balance sheet.
How are stock-index futures trading? On Tuesday, the Dow industrials DJIA fell 222.84 points, or 0.7%, to close at 32,990.12, snapping six-straight sessions of wins. The S&P 500 SPX fell 0.6% to 4,132.15, and the Nasdaq Composite COMP finished down 0.4% at 12,081.39, with both indexes snapping three consecutive days of gains.
U.S. economic data will swing into focus Wednesday with a May update on the Institute for Supply Management’s manufacturing index due at 10 a.m. ET along with the S&P Global final reading of its purchasing managers’ index for the manufacturing sector.
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.
Stocks open lower on Wall Street as crude oil prices riseOil is already up more than 60% this year, adding to inflationary pressures that are hurting American households and businesses.
Read more »
Biden to meet Fed chair as inflation bites pocketbooksWASHINGTON (AP) — President Joe Biden will meet Tuesday with Federal Reserve chairman Jerome Powell as soaring inflation takes a bite out of Americans' pocketbooks. The meeting will be the first since Biden renominated Powell to lead the central bank and comes weeks after his confirmation for a second term by the Senate.
Read more »
Biden to meet Fed chair as inflation bites pocketbooksPresident Joe Biden will meet Tuesday with Federal Reserve chairman Jerome Powell as soaring inflation takes a bite out of Americans’ pocketbooks.
Read more »
Biden and Powell to meet as Fed rate hikes start to biteBiden and Fed Chair Jerome Powell are set to meet at the White House tomorrow as the Fed's campaign to bring down inflation gathers steam — and with it, the risk of a recession.
Read more »