Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your Investing.com experience. Save up to 40% More details

Dow Futures Rise 150 Points After Monday’s Market Decline

Stock Markets Jun 28, 2022 20:52
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters.

By Noreen Burke

Investing.com -- U.S. stock futures pointed to modest gains at the open on Tuesday as markets approached the halfway point of a year which has been characterized by rapidly tightening monetary policy from the Federal Reserve amid efforts to curb soaring inflation.

At 06:30 AM ET (1030 GMT), the Dow futures contract was up 150 points, or 0.5%, S&P 500 futures traded 17 points, or 0.4% higher, and Nasdaq 100 futures were up 42 points, or 0.4%.

Futures rebounded after Wall Street’s three main indices closed lower on Monday as last week’s comeback rally ran out of steam amid ongoing concerns over the prospect of recession brought on by rapid rate hikes as the Fed tries to stamp out inflation.

All three indexes are on course to notch two straight quarterly declines for the first time since 2015 and are also on track to post losses for June.

The banking sector is likely to be in focus after Morgan Stanley (NYSE:MS), Goldman Sachs (NYSE:GS), Bank of America (NYSE:BAC), and Wells Fargo (NYSE:WFC) announced Monday that they are increasing dividends after clearing their annual stress test exercises last week.

Nike (NYSE:NKE) stock traded lower premarket after the athletic footwear manufacturer reported disappointing first-quarter revenue as it wrestled with pandemic-related disruptions in China, its most profitable market.

On the economic data front, Tuesday’s main release is the Conference Board consumer confidence index for June at 10:00 AM ET (1400 GMT), with economists expecting a decline.

Data on house prices, the Fed’s Redbook, wholesale inventories and May's goods trade balance are also due for release.

By 06:30 AM ET, U.S. crude futures rose $2.09 to $111.66 a barrel, while the Brent contract was up $2.32 or 2.1% to $113.31.

Additionally, gold futures were little changed at $1,825.80/oz, while the euro was trading at $1.0590.

 
Dow Futures Rise 150 Points After Monday’s Market Decline
 

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
or
Sign up with Email