Futures tied to the Dow Jones Industrial Average are down Thursday evening as investors responded to data that elevated concerns of a looming recession and looked ahead to a slate of Federal Reserve speakers scheduled for Friday.
In a continuation of Wednesday's sell off, the Dow dropped 764.13 points, or 2.25%, for its worse daily performance since September. The S&P 500 and Nasdaq Composite fell 2.49% and 3.23%, respectively.suggested inflation is hitting consumers more than expected. This has investors concerned that consumer spending is slowing, a sign that the economy is weakening.
"After gouging themselves on hopes for a Fed pivot, equity traders are experiencing indigestion from yesterday's FOMC statement, which reiterated Jerome Powell's theme of 'higher for longer,'" said John Lynch, chief investment officer for Comerica Wealth Management.
The Repo-man is the only guy working in 2023.
Futures green on news that scared money don’t make money
Thanks democrats.
That’s what I got this laser for 🤩
The Fed is choking the economy out. The Fed told us they were gonna do this over a year ago. They reminded us over and over. Why some people decided the Fed was bullshittin’ I have no idea. But it would seem that they weren’t.
That’s what happens under an illegitimate President who’s doing EVERYTHING his puppet masters tell him to do in order to destroy America.