Traders on the NYSE’s site on May 6, 2022.
Source: NYSE
Stock futures fell on Sunday evening as traders tracked the market its foothold after dramatic weekly trading.
The futures for the Dow Jones Industrial Average are down 124 points, or 0.4%. The S&P 500 futures fell 0.6%, while the Nasdaq 100 lost 0.7%.
Last week, The Nasdaq compound lost 1.54%, while the S&P 500 and Dow fell 0.21% and 0.24%, respectively. It was the sixth consecutive loss week for Doe, and the fifth straight for the other two key indices.
While the overall moves of the week are not unusual, some fluctuations from day to day are eye-catching. Since 2020 the Dow has had its best day on Wednesday, but on Thursday it destroyed those gains and more.
The short-lived Wednesday rally came after Federal Reserve Chairman Jerome Powell said the central bank would not consider a 75-point point increase in upcoming meetings. Shares and bonds rallied following that comment, but turned upside down on Thursday.
Billionaire hedge fund manager David Depper told CNBC’s Scott Wapner on Friday that Powell’s statementForced error“It simply came to our notice then.
The first-quarter earnings season is declining, but there are several notable reports ahead of Monday’s opening hours, including those of Plantir and vaccine makers BioNTech and Novovax.
In other corporate news, Ford expects to sell 8 million shares of Rivian Automotive over the weekendSources told CNBC’s David Faber.
Investors will also pay attention War in Ukraine. Jill Biden, America’s first lady, paid a surprise visit to the country on Sunday. The United States and a group of seven nations have announced that they will increase short-term financial aid to Ukraine as the three-month war with Russia draws to a close.
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