US Stocks- Futures fall after hot inflation data
时间:2024-06-28 23:30:54 阅读(143)
U.S. stock index futures fell sharply on Wednesday after hotter-than-expected inflation data in June sparked fears that aggressive monetary policy tightening by the U.S. Federal Reserve will push the economy into a recession.
The Labor Department’s report showed the Consumer Price Index (CPI), which tracks the prices that urban consumers spend on a basket of goods, rose in June on both a monthly and annual basis by 1.3% and 9.1%, respectively.
The 40-year-high inflation data makes the case for 75 basis points interest rate hike next week and comes ahead of the second-quarter earnings season, which will be kicked off by JPMorgan Chase & Co and Morgan Stanley on Thursday.
As central banks move to aggressively raise borrowing costs to stamp out runaway inflation, fears of an economic downturn have escalated, sparking one of the worst Wall Street selloff in decades in the first half of the year.
At 8:35 a.m. ET, Dow e-minis were down 337 points, or 1.09%, S&P 500 e-minis were down 59.5 points, or 1.56%, and Nasdaq 100 e-minis were down 259 points, or 2.2%.
猜你喜欢
- Share Market Highlights- Nifty closes over 19430, Sensex above 65k; NTPC, JFS among top gainers
- IPL 2023- CSK’s glorious win over GT, Dhoni’s heart-breaking retirement remark – This Finale had it all! See Photos
- These sectors apt for long-term value investment; check this mix of large, midcap stocks to buy - INTERVIEW
- The birth of ‘Sensex’, and its 37-year journey to 64,000 points
- Share Market Highlights- Nifty settles below 19410, Sensex below 64950; Bank Nifty adds over 110 points
- Indian shares defy global weakness to extend winning streak
- Share Market Highlights- Nifty closes above 17660, Sensex gains 50 pts; Bank Nifty up 250 pts, Adani Ent FPO fully subscribed
- Investors’ wealth tumble over Rs 7
- IPO Scorecard for September 2023; Track gains since listing