{"id":38725,"date":"2022-06-06T11:07:39","date_gmt":"2022-06-06T11:07:39","guid":{"rendered":"https:\/\/harchi90.com\/dow-futures-jump-more-than-250-points-as-wall-street-looks-to-bounce-back-from-losing-week\/"},"modified":"2022-06-06T11:07:39","modified_gmt":"2022-06-06T11:07:39","slug":"dow-futures-jump-more-than-250-points-as-wall-street-looks-to-bounce-back-from-losing-week","status":"publish","type":"post","link":"https:\/\/harchi90.com\/dow-futures-jump-more-than-250-points-as-wall-street-looks-to-bounce-back-from-losing-week\/","title":{"rendered":"Dow futures jump more than 250 points as Wall Street looks to bounce back from losing week"},"content":{"rendered":"
Stock futures jumped Monday as Wall Street tried to rebound from a losing week. <\/p>\n
Futures on the Dow Jones Industrial Average gained 261 points, or 0.8%. S&P 500 futures and Nasdaq 100 futures rose 1.1% and 1.4%, respectively.<\/p>\n
Sentiment got a boost early on after Beijing rolled back some Covid-related restrictions. Meanwhile, The Wall Street Journal reported that Chinese regulators are wrapping up their investigations into ride-hailing giant Didi – potentially signaling that the country’s crackdown on its tech sector may be coming to an end.<\/p>\n
The early morning action followed another disappointing week for investors as the major averages suffered modest losses. The blue-chip Dow fell 0.9% for its ninth negative week in 10, while the S&P 500 and the Nasdaq Composite lost 1.2% and 1%, respectively, last week for their eighth losing week in nine.<\/p>\n
Investors have been grappling with fears that the central bank could raise interest rates too fast and too much, causing a recession. Recent statements from the rate-setting Fed members indicate that 50 basis point – or a half-percentage-point – rate increases are likely at the June and July meetings.<\/p>\n
The US economy added 390,000 jobs in May, which came in better than expected despite fears of an economic slowdown and amid the roaring pace of inflation. Some investors believe the strong hiring data could be clearing the way for the Fed to remain aggressive.<\/p>\n
“For now, the market sees a Federal Reserve trying to navigate a painful and bumpy road, yet trying to find a soft exit,” said Quincy Krosby, chief equity strategist at LPL Financial. “And the market finds itself between wanting to believe in the rallies but not believing that the Fed can negotiate a soft landing.”<\/p>\n<\/div>\n