U.S. equities futures were flat Wednesday morning after the market staged a big midday reversal on Tuesday, with falling bond yields giving a boost to growth stocks, and ahead of a batch of economic data.
The Dow Jones Industrial Average rose 321.83 points, or 1.1%, to 31,097.26. The S&P 500 rose 1.1% to 3,825.33. The Nasdaq Composite was also up by 0.9% to 11,127.85.
Futures contracts tied to the Dow Jones Industrial Average shed 1% or 309 points. S&P 500 futures slipped 1.23%, while Nasdaq 100 futures were down 1.45%.
Stock futures rose early on Tuesday following a losing day as investors prepare to rebalance their portfolios with the end of the quarter fast approaching.
The leaders of the G-7 nations will announce a ban on Russian gold imports for Moscow’s unprovoked invasion of Ukraine, U.S. President Joe Biden confirmed on Sunday morning.
A widely followed consumer sentiment survey released Friday showed inflation expectations have eased slightly.
Stocks climbed in a late-day rally as bond yields slipped, and Wall Street continued to weigh recession risks.
Federal Reserve officials rolled out strong language Friday to describe their approach to inflation, promising a full-fledged effort to restore price stability.
Shares in the Asia-Pacific region mostly traded lower on Wednesday, as economic fears continue to weigh on the market.
That's according to one strategist, who warns the world's top cryptocurrency is likely to tank as low as $13,000 — an almost 40% drop from current levels.
Another controversial cryptocurrency is causing havoc in the digital asset market — and this time, it’s not a stablecoin.