Dow Futures Up After Indices Tumble Into Bear Market By Investing.com

News



© Reuters.

By Oliver Gray 

Investing.com – U.S. stock futures were trading higher during Monday’s evening deals, after major benchmark averages tumbled during regular trade, with the S&P 500 closing in bear market territory amid growing recession fears as traders nervously await this week’s key Federal Reserve .

By 6:45pm ET (10:45pm GMT) and were up 0.3% while added 0.6%.

In extended deals, Oracle Corporation (NYSE:) added 13.7% after the company Q4 EPS of $1.54,versus $1.37 expected on revenues of $11.84 billion versus $11.62 billion expected.

Braze Inc (NASDAQ:) added 8.7% after Q1 losses of $0.19 per share, beating expected losses of $0.21 per share, while revenue came in at $77.5 million versus $72.57 million expected.

Ahead in the session, May’s reading is slated for release and will be closely watched. On Wednesday, markets will be focused on the Fed’s , with some investors beginning to anticipate an even faster pace of interest rate hikes after last week’s reports showed prices running hotter-than-expected.

During Monday’s regular trade, the dropped 876.05 points, or 2.79%, the fell 3.88% to 3,749.63, marking its lowest level since March 2021, while the tumbled 4.68% to close at 10,809.23.

On the bond markets, yields shot up to fresh 11-year highs of 3.362%.

Leave a Comment

Leading the way

Let's build a better world together

Project planning
Design expertise
Great qualifications

Nullam vestibulum finibus sapien, id consequat mauris tempus auctor.

Locations

90 Newport St., Natick, MA 01760

83 Taylor Street, Kings Mountain, NC 28086

22 Birch Hill St., Villa Rica, GA 30180

Support requests

support@construction.com

Nullam scelerisque leo felis, quis congue mauris tristique in. Suspendisse pulvinar, felis eu facilisis mattis, turpis odio luctus nisi, et ultrices velit enim quis lacus.

Request a quote

[Insert your contact form here]

Construction

Vivamus vehicula dictum elit at bibendum. Etiam finibus eros ut urna auctor ullamcorper. Sed at erat eget nisl rutrum ultrices sed eu ex.

Newsletter

Sign up to receive the latest news and trends from our company.

More questions? Get in touch