Stock Market Cafe
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Stock Market Cafe
No Result
View All Result
Home Trading News

Stock futures are mildly higher after Dow’s worst day since 2020

by
May 6, 2022
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

Stock futures were little changed in overnight trading Thursday after the Dow Jones Industrial Average posted its worst day since 2020.

Futures on the Dow Jones Industrial Average were near flat. S&P 500 futures traded near the flatline and Nasdaq 100 futures ticked up less than 0.1%.

RELATED POSTS

This biotech went public 3 years ago at $14 per share. Here’s how its stock cratered to 27 cents

Ford Pauses $3.5 Billion EV Battery Plant. Why This Is Big.

The moves came after stocks sold off sharply in Thursday’s regular session. The Dow lost more than 1,000 points and the tech-heavy Nasdaq Composite fell nearly 5%. Both indexes notched their worst single-day drops since 2020. The S&P 500 fell 3.56%, its second-worst day of the year.

Thursday’s losses erased Wednesday’s big post-Federal Reserve meeting rally. Fed Chair Jerome Powell ruled out the prospect of larger rate hikes on Wednesday, sending the S&P 500 and the Dow to their best daily gains since 2020.

“Yesterday, it was more the relief, the optimism, the hope. … There’s more realism coming through in the market today,” Michelle Cluver, portfolio strategist at Global X ETFs, said Thursday.

Technology stocks bore the brunt of Thursday’s fall, with cloud companies, e-retailers and mega-cap names seeing steep declines.

Despite Thursday’s wipeout, the S&P 500 is on pace to close the week up 0.4%. The Dow is on track to finish the week marginally higher, while the Nasdaq Composite is lower by 0.1% this week so far.

Investors are looking ahead to the April jobs report, set for release Friday morning. Economists surveyed by Dow Jones expect employers added 400,000 jobs to nonfarm payrolls, down slightly from 431,000 in March. The unemployment rate is expected to fall to 3.5% in April, down from 3.6% in March, according to Dow Jones.

ShareTweetPin

Related Posts

This biotech went public 3 years ago at $14 per share. Here’s how its stock cratered to 27 cents

by
September 26, 2023
0

Ford Pauses $3.5 Billion EV Battery Plant. Why This Is Big.

by
September 26, 2023
0

Tuesday: Case-Shiller House Prices, New Home Sales

by
September 26, 2023
0

Charlie Munger Emphasizes Self-Awareness And Strategy: ‘I Don’t Play In A Game Where The Other People Are Wise And I’m Stupid. I Look For A Place Where I’m Wise And They’re Stupid’

by
September 25, 2023
0

Is Funded Trading Plus the Best Prop Trading Firm? Breaking Down the Facts

by
September 25, 2023
0

Next Post

Is Nvidia Stock a Buy Ahead of Earnings? Morgan Stanley Weighs In

All-out war on Ukraine? Putin could be gearing up for something big on May 9

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Crocs sees fourth-quarter sales up 42%, CEO Andrew Rees says 2021 was ‘exceptional year’

    0 shares
    Share 0 Tweet 0
  • Biden didn’t accept Putin’s ‘red lines’ on Ukraine – here’s what that means

    0 shares
    Share 0 Tweet 0
  • Ford partners with GlobalFoundries to increase chip supplies

    0 shares
    Share 0 Tweet 0
  • CEOs across the market, economy agree on one big 2022 prediction: More volatility

    0 shares
    Share 0 Tweet 0
  • Inflation is sticking around – and Biden will likely have to wait it out like the rest of us

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.stockmarket-cafe.com
No Result
View All Result
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.stockmarket-cafe.com