Stock Futures Fall Ahead of Fed Rate Hike and Earnings Reports

Stock Futures Fall Ahead of Fed Rate Hike and Earnings Reports

Dow Jones stock futures traded lower Monday morning, falling 206 points or about 0.6 percent, as investors anticipate a busy week for earnings reports and a possible interest rate hike from the Federal Reserve. S&P 500 futures fell 0.9 percent, and Nasdaq 100 futures dropped by 1.1 percent. About 20 percent of the S&P 500 will report earnings this week, including McDonald’s ($MCD@US) and General Motors ($GM@US) on Tuesday, followed by tech giants Apple ($AAPL@US), Meta Platforms ($META@US), Amazon ($AMZN@US), and Alphabet ($GOOGL@US) later in the week. The Fed meets on Tuesday and Wednesday and is expected to raise interest rates by one-quarter of a percentage point.


User: Benzinga

Views: 6

Uploaded: 2023-01-30

Duration: 00:35