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Dow Futures Up After Indices Tumble Into Bear Market

Stock Markets Jun 13, 2022 06:52PM ET
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© 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 meeting.

By 6:45pm ET (10:45pm GMT) Dow Jones Futures and S&P 500 Futures were up 0.3% while Nasdaq 100 Futures added 0.6%.

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

Braze Inc (NASDAQ:BRZE) added 8.7% after reporting 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 producer price index reading is slated for release and will be closely watched. On Wednesday, markets will be focused on the Fed’s interest rate decision, with some investors beginning to anticipate an even faster pace of interest rate hikes after last week’s inflation reports showed prices running hotter-than-expected.

During Monday’s regular trade, the Dow Jones Industrial Average dropped 876.05 points, or 2.79%, the S&P 500 fell 3.88% to 3,749.63, marking its lowest level since March 2021, while the NASDAQ Composite tumbled 4.68% to close at 10,809.23.

On the bond markets, United States 10-Year yields shot up to fresh 11-year highs of 3.362%.

Dow Futures Up After Indices Tumble Into Bear Market
 

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Comments (7)
Amar Soya
Amar Soya Jun 14, 2022 12:12AM ET
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today Dow Jones 500 points up 👍
Murali Krishna
Murali Krishna Jun 13, 2022 10:25PM ET
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I am more worried about our Beloved Biden. Biden must be feeling the shock of his life, thinking what have I done wrong. Redemption repentance are needed for the same. Then everything will be alright
Jack Nicholson
Jack Nicholson Jun 13, 2022 9:55PM ET
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reuters don't check for spam, only curse words.
Brian Crawford
Brian Crawford Jun 13, 2022 8:43PM ET
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I am also a bot like the other comments. or not.
Brian Crawford
Brian Crawford Jun 13, 2022 8:42PM ET
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I am also a bot like the other comments. or not.
Brian Crawford
Brian Crawford Jun 13, 2022 8:42PM ET
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I am also a bot like the other comments. or not.
William Smith
William Smith Jun 13, 2022 7:03PM ET
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Totally meaningless at this time of the evening.
Brian Crawford
Brian Crawford Jun 13, 2022 7:03PM ET
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not sure. I've only been watching future and post market for 3 months. but it does seem to predict next days gains or losses.
 
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