U.S. stock futures were softer as caution reigned following the heaviest sell-off so far this year as worries grow about a weakening economy
U.S. stock futures were softer Thursday as caution reigned following the heaviest sell-off so far this year as worries grow about a weakening economy.
What’s driving markets Markets remain cautious after Wall Street on Wednesday suffered its worst decline in more than a month. “Although Treasuries were rallying, the risk-off tone meant that U.S. equities were much less resilient…as recession concerns mounted,” said Henry Allen, strategist at Deutsche Bank.
Fedspeak for Thursday includes Boston Fed President Susan Collins at 9 a.m., Fed Vice Chair Lael Brainard at 1:15 p.m. and New York Fed President John Williams at 6:35 p.m..
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