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Dow Futures Slip After Indices Continue Relief Rally

Published 10/04/2022, 07:16 PM
Updated 10/04/2022, 07:16 PM
© Reuters.

© Reuters.

By Oliver Gray 

Investing.com - U.S. stock futures were trading lower during Tuesday's evening deals, after major benchmark indices extended gains for the second consecutive session after a weaker than expected JOLTs job openings reading boosted bets that the Federal Reserve will ease aggressive interest rate hikes.

By 19:10 ET (23:10 GMT) Dow Jones Futures, and Nasdaq 100 Futures fell 0.3% apiece while S&P 500 Futures were down 0.2%.

In extended deals, Airbnb Inc (NASDAQ:ABNB) gained 0.8%, Emerson Electric Company (NYSE:EMR) lifted 4.5% while Amylyx Pharmaceuticals Inc (NASDAQ:AMLX) dropped 3.4%.

Ahead in Wednesday’s session, market participants will be focusing on ADP employment change and trade balance data as well, and the ISM non-manufacturing PMI.

During Tuesday’s regular session, the Dow added 825.4 points or 2.8% to 30,316.3, the S&P 500 lifted 112.5 points or 3.1% to 3,790.9 and the Nasdaq Composite gained 361 points or 3.3% to 11,176.4.

On the bond markets, United States 10-Year rates were at 3.635%.

 

Latest comments

Think about it, what is inflation? Can you really bring it down while EVERY single other country has the inflation? I say NO, what fed is doing right now is pointless, no matter how hard they try it won't work. The inflation won't come down unless the worldwide recovery hit certain point. And that's something beyond fed's capability to manage. I say maybe we just can not go back to the life before after all those years disruption. We need to get used to it, and fuel the economy so we may have a good position in future recovery. However all fed is doing right now is harming US economy for nothing and potentially ruin US position in future recovery which prbly in China's favor.
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