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Stocks edge lower in uncertain trading on Wall Street

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Wall Street futures pointed higher early Monday as markets try rebound from back-to-back weekly losses, driven by fears that interest rate hikes by the Federal Reserve and other central banks might tip the U.S. and global economies into recession.

The S&P 500 fell 0.2% as of 10:20 a.m. Eastern. The Dow Jones Industrial Average rose 60 points, or 0.2%, to 32,983 and the Nasdaq fell 0.7%. Small company stocks also fell. The Russell 2000 slipped 0.4%.

U.S. crude oil prices rose 2%. European markets gained ground and Asian markets closed lower overnight. Investors have several economic reports to review this week as they try to determine the continuing path of inflation.

 

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