Stock futures were little changed following a major comeback week for stocks

  • 📰 CNBC
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 72%

South Africa News News

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

Wall Street is set to wrap up the worst first half for stocks in decades this week.

U.S. stock futures were little changed on Sunday night following a major rebound last week from this year's steep declines. Despite the bounce, Wall Street is preparing to wrap up the worst first half for stocks in decades.

Those moves followed a major comeback week that saw the Dow industrials jump more than 800 points, or 2.7%. The S&P 500 popped 3.1%, and the Nasdaq Composite surged 3.3%. Market participants continued to assess whether stocks have found a bottom, or are briefly rebounding from oversold conditions. Stocksin the near term this week, as investors rebalance their holdings for the quarter-end.

"Inflation is running hot, sentiment is subdued, liquidity is evaporating, and earnings are both a bright spot and a wildcard. So, in aggregate, to us, that implies that we're probably in a sideways trending mode for a while," Sandven added.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Biden’s weak market 😂

Stocks so depressed its just profit tsking closing shorts

Cue the dump

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 12. in ZA

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.

Wall Street elite investor worries: recession, inflation, stock market crash, and Fed mistakesWall Street's elite investors are convinced a recession is all but inevitable — and the stock market's collapse has only just begun looking that way over here too ☹️ 'Don't you see? Mr. Potter is buying, not selling.
Source: BusinessInsider - 🏆 729. / 51 Read more »

Stocks rally, driving Wall Street to a rare winning weekIt’s a reprieve from Wall Street’s tumble through most of the year, caused by the Fed’s and other central banks’ slamming into reverse on the tremendous support fed into markets through the pandemic.
Source: WTVYNews4 - 🏆 590. / 51 Read more »

Stocks rally, driving Wall Street to a rare winning weekStocks racked up more gains on Wall Street on Friday, as the S & P 500 had its best day in two years and just its second winning week in the last 12 to provide a bit of relief from the market’s brutal sell-off this year. Some good news on a not so great day on Twitter💯👍🏽🇺🇸 Confidence in our SCOTUS leaders is returning, shows investors are anti genocide
Source: latimes - 🏆 11. / 82 Read more »

Top Wall Street Analysts Stand by These Stocks as the First Half of 2022 Wraps UpTipRanks analyst ranking service pinpoints Wall Street’s best-performing stocks, including Adobe and Broadcom.
Source: nbcchicago - 🏆 545. / 51 Read more »