U.S. stock futures slip a day after solid market bounce

U.S. stock futures slipped Wednesday, as investors reconsidered hawkish comments from Federal Reserve Chairman Jerome Powell.

On Tuesday, the Dow industrials DJIA jumped 431.17 points, or 1.3% to 32,654.59, a third straight day of gains. The S&P 500 SPX climbed 2% to 4,088.85, and the Nasdaq Composite COMP jumped 2.8%, to end at 11,984.52. Stocks got a lift on Tuesday from better-than-expected retail sales data, as well as optimism over China’s fight against COVID and signs of easing lockdowns. Michael O’Rourke, chief market strategist at JonesTrading, pointed to another possible factor behind Tuesday’s rise —- a Bloomberg report discussing possibly bullish stock options activity.

South Africa South Africa Latest News, South Africa South Africa Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stocks end mostly lower, extending losing streak for S&P 500Stocks closed a wobbly day of trading mostly lower on Wall Street on Monday, extending a losing streak for markets.
Source: latimes - 🏆 11. / 82 Read more »

Morgan Stanley names 5 cheap global stocks — and gives all at least 20% upsideMorgan Stanley analysts have shared their top global stock picks in a choppy market. At least. The manager of CPODX should be fired 🚨 Bag holder alert 🚨
Source: CNBC - 🏆 12. / 72 Read more »