US Stocks- Futures fall after hot inflation data
时间:2024-06-29 00:12:12 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
- JK Cement stock falls 6% on 30% fall in Q1 profit; should you buy, sell or hold JK Cement stock-
- Gold, equity or debt- Here’s how retail investors should plan their investment portfolio for 2021
- L&T Infotech stock falls as earnings and dividend fail to entice investors; time to buy, sell, or hold-
- Rupee depreciation, inflation, RBI rate hike triple whammy for biz, consumers; INR may hit 78
- L&T Construction bags significant order for its Buildings & Factories business from HITES
- Jio Financial Services shares hit 5% lower circuit on second trading session
- Gold prices to remain under pressure till US Fed; trend looks bearish, support seen at Rs 48800
- Rupee falls 2 paise to hit lowest level of 83
- Karan Adani, son of Gautam Adani, takes helm of Rs 236,000 crore company- Know about his education, family, career, and net worth