reuters.com/markets/europe/futures-tick-up-after-wall-st-selloff-jobs-data-2022-08-08
U.S. stock indexes were mixed on Monday after blockbuster jobs data last week reinforced expectations the Federal Reserve will crack down on inflation. Stocks edged off the day's highs as last week's blowout labor market report was initially seen as a sign the economy could withstand aggressive...

The S&P 500 has bounced back 14% from mid-June lows. Signs of persistent inflation could further bolster the Fed's case for aggressive monetary policy tightening. The Dow Jones Industrial Average rose 45.37 points, or 0.14%, to 32,848.84. The Nasdaq Composite dropped 24.65 points,or 0.19%, to 12,632.90.

U.S. rate futures have priced in a 65.5% chance of a 75-basis-point hike at the Fed's next meeting in September. "Maybe we can get a little bit higher by year end, but that's if everything lines up perfectly," Saglimbene said.

The tech-heavy Nasdaq (.IXIC) edged lower in choppy trading after rising as much as 1.6% in early trading. Nvidia Corp (NVDA.O) slid 8.0% as the company said it expects second-quarter revenue to decline 19% from the prior quarter.

U.S. Senate passes $430 billion bill to fight climate change. Rivian Automotive Inc (RIVN.O) rose 5.75%, Ford Motor Co gained 4.38%, General Motors Co (GM.N) added 5.21%. Signify Health Inc jumped 12.5% on a media report that CVS Health Corp was looking to buy the health technology company.
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