U.S. stock futures were struggling to record a hat-trick of gains as traders awaited a fresh monetary policy update from the Federal Reserve.
U.S. stock futures were struggling extend a winning streak to three on Wednesday as traders awaited a fresh monetary policy update from the Federal Reserve.
The Dow continues to outperform for 2022 as the year draws to a close. It is down just 6.1%, compared to the S&P 500’s fall of 15.7% and the Nasdaq Composite’s 28.05% decline. The Fed’s previous 375 basis points of interest rate rises since March, as it battled to suppress multi-decade high inflation, have left the S&P 500 down nearly 16% for the year.
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