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Future Slide In Damp Start To New Month As Fed Decision Looms

tech

US equities were set for a second day of losses, as investors weighed disappointing tech earnings and braced for today's Quarterly Refunding Announcement and Fed rate decision and Powell press conference where the Fed chair is expected to signal a delay to rate cuts. S&P 500 futures slid0.4%, while Nasdaq 100 contracts dropped0.8%as of 7:40 a.m. in New York, extending losses from Tuesday with markets digesting thesurgethe employment cost index, a measure of wages and benefits, driven by soaring union and government wages as well as the drop in US consumer confidence to itslowestsince level 2022. Europe’sStoxx 600gauge edged lower in holiday-thinned trading.

ZeroHedge Opinion     May 01, 2024