Stock market today: US futures slide as doubts about the economy grow

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 23 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 63%

Economic Growth News

Federal Reserve

Investors are weighing signs the surprising resilience in the US economy might be starting to show cracks.

US stocks sank into the red early Tuesday as investors weighed signs the surprising resilience in the US economy might be starting to show cracks. Futures on the S&P 500 and the tech-heavy Nasdaq 100 both fell roughly 0.5%, having closed higher after a bumpy day for the three major gauges. Dow Jones Industrial Average futures also dropped 0.5%. Stocks have struggled to find a footing as investors face a dilemma over the path of interest rates.

Eyes will be on April job openings figures due later Tuesday for more clues to how the economy is holding up, with factory and durable goods orders also on the docket. The labor market update serves as a precursor to the crucial May jobs report on Friday — the data highlight of the week. Meanwhile, the GameSpot rally — just one part of the jumpy summer start for stocks — lost steam early Tuesday, on the heels of a 21% surge for the meme darling.

 

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

 /  🏆 47. 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.

Stock market today: Stocks steady as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: Nasdaq slips after record as investors await Nvidia earningsInvestors biding their time for Nvidia results looked to retail earnings and Fedspeak for clues to the economy.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Stock market today: US futures tip lower as investors look for inspirationStocks have lost their bounce after a growing chorus of Federal Reserve officials made it clear that interest rates will need to stay higher for longer.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »