Stock futures pushed higher on Sunday evening as Wall Street looks to find its footing following a steep sell off for tech companies.tell 3.05% and 5.52% last week, and are each on six day losing streaks. The Nasdaq fell more than 2% onThe struggles for equities come as recent inflation readings have diminished hopes that the Federal Reserve will cut rates several times in 2024.
showed that investors are finally waking up to the reality of the long-promised 'higher for longer' interest rate scenario they refused to believe," Rick Bensignor of Bensignor Investment Strategies said in a note to clients Sunday, referring to major index funds.The three key futures contracts rose when trading opened at 6 p.m. in New York. Dow futures were briefly up 100 points.The S&P 500 fell 0.88% on Friday, its sixth negative session in a row.The Nasdaq Composite fell 2.
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