Investors have become concerned of late about a recession they feel is all but inevitable given the determinedly hawkish stances of major monetary authorities
U.S. stock futures gained ground on Monday, indicating Wall Street will strive to rally after falling to the lowest level since early November on recession fears.
How are stock-index futures trading On Friday, the Dow Jones Industrial Average DJIA fell 282 points, or 0.85%, to 32920, the S&P 500 SPX declined 43 points, or 1.11%, to 3852, and the Nasdaq Composite COMP dropped 105 points, or 0.97%, to 10705. Investors have become increasingly concerned of late about the recession they feel is all but inevitable given the determinedly hawkish stances of major monetary authorities, such as the Federal Reserve and European Central Bank, as they continue to battle high inflation.
“With economic data undershooting expectations, it’s not a stretch to think investors may shift their focus from inflation and the Fed to the growing impact that the Fed’s actions are likely to have on the economy in 2023,” Innes added.
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