Traders on the flooring of the NYSE,Aug 9, 2022.
U.S. stock futures fell on Sunday night following a stop in the summer season rally recently, as worries of aggressive rate of interest walkings went back to Wall Street.
Dow Jones Industrial Average futures moved by 93 points, or 0.28%. S&P 500 and Nasdaq 100 futures dipped 0.35% and 0.53%, respectively.
On Friday, the S&P 500 shut down 1.29%. The Dow Jones Industrial Average dropped 292 points, or 0.86%, and the Nasdaq Composite dropped 2.01%.
Those moves come ahead of what might be an unpredictable week of trading on WallStreet Investors are preparing for Fed Chairman Jerome Powell’s newest talk about inflation at the reserve bank’s yearly Jackson Hole financial seminar.
“We’ve written a couple of times recently about wait and see trading ahead of key events/releases… and how that can set the stage for greater volatility around the events themselves, and we may see a bit of that play out next week as investors await the symposium,” checked out a Friday note from Susquehanna’s Christopher Jacobson.
On the profits front, traders are anticipating Palo Alto Networks and Zoom Video to report outcomes Monday after the bell.