U.S. stock futures slumped on Monday to kick off a big week that features a Federal Reserve interest-rate decision, a jobs report and several key technology-sector earnings.
The... U.S. stock futures slumped on Monday to kick off a big week that features a Federal Reserve interest-rate decision, a jobs report and several key technology-sector earnings. The S&P 500 has pushed 6% higher this year, and riskier plays such as the ARK Innovation ETF ARKK have done even better, with Cathie Wood’s flagship fund up 29% in 2023.
Over the weekend, The Wall Street Journal focused on Fed staffers’ view of inflation, and in particular their worries that job-matching will remain inefficient, which suggests price pressures could persist despite recent data showing a sharp decline in goods inflation.