wsj.com/amp/articles/global-stocks-markets-dow-update-06-30-2022-11656487667-11656574533
U.S. stock futures fell as investors rebalanced portfolios ahead of the end of a grueling first half. Futures tied to the S&P 500 dropped 1.5%, a day after indexes finished little changed. Dow Jones Industrial Average futures fell 1.2% while Nasdaq-100 futures lost 1.7%.

Futures tied to the S&P 500 dropped 1.5%, a day after indexes finished little changed. Dow Jones Industrial Average futures fell 1.2% while technology-heavy Nasdaq-100 futures lost 1.7%. S&P 500 on course to close out its worst first half of the year since 1970, as soaring inflation and rapidly rising interest rates raised the specter of recession.

Comments from Fed Chairman Jerome Powell and European Central Bank President Christine Lagarde to that effect are weighing on investors. “Powell and Lagarde suggested that they would keep hiking even if their economies slowed to rein in inflation. That raised recession risks,” said Jeffrey Halley, senior market analyst at OANDA.

90% of investors expect the U.S. to enter a recession before the end of 2023. Some investors still think many stocks are overvalued following an uninterrupted run-up in valuations over the last two years. Despite the S&P 500 having tumbled into a bear market—considered a 20% drop from a recent high.
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