U.S. Markets closed
  • S&P 500

    3,911.74
    +116.01 (+3.06%)
     
  • Dow 30

    31,500.68
    +823.32 (+2.68%)
     
  • Nasdaq

    11,607.62
    +375.43 (+3.34%)
     
  • Russell 2000

    1,765.74
    +54.06 (+3.16%)
     
  • Crude Oil

    107.06
    +2.79 (+2.68%)
     
  • Gold

    1,828.10
    -1.70 (-0.09%)
     
  • Silver

    21.13
    +0.09 (+0.42%)
     
  • EUR/USD

    1.0559
    +0.0034 (+0.3273%)
     
  • 10-Yr Bond

    3.1250
    +0.0570 (+1.86%)
     
  • Vix

    27.23
    -1.82 (-6.27%)
     
  • GBP/USD

    1.2270
    +0.0009 (+0.0736%)
     
  • USD/JPY

    135.2100
    +0.2770 (+0.2053%)
     
  • BTC-USD

    21,231.75
    +324.30 (+1.55%)
     
  • CMC Crypto 200

    462.12
    +8.22 (+1.81%)
     
  • FTSE 100

    7,208.81
    +188.36 (+2.68%)
     
  • Nikkei 225

    26,491.97
    +320.72 (+1.23%)
     

Dow Futures Up After Indices Tumble Into Bear Market

  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
·1 min read
In this article:
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.
  • Oops!
    Something went wrong.
    Please try again later.

By Oliver Gray

Investing.com - U.S. stock futures were trading higher during Monday’s evening deals, after major benchmark averages tumbled during regular trade, with the S&P 500 closing in bear market territory amid growing recession fears as traders nervously await this week’s key Federal Reserve meeting.

By 6:45pm ET (10:45pm GMT) Dow Jones Futures and S&P 500 Futures were up 0.3% while Nasdaq 100 Futures added 0.6%.

In extended deals, Oracle Corporation (NYSE:ORCL) added 13.7% after the company reported Q4 EPS of $1.54,versus $1.37 expected on revenues of $11.84 billion versus $11.62 billion expected.

Braze Inc (NASDAQ:BRZE) added 8.7% after reporting Q1 losses of $0.19 per share, beating expected losses of $0.21 per share, while revenue came in at $77.5 million versus $72.57 million expected.

Ahead in the session, May’s producer price index reading is slated for release and will be closely watched. On Wednesday, markets will be focused on the Fed’s interest rate decision, with some investors beginning to anticipate an even faster pace of interest rate hikes after last week’s inflation reports showed prices running hotter-than-expected.

During Monday’s regular trade, the Dow Jones Industrial Average dropped 876.05 points, or 2.79%, the S&P 500 fell 3.88% to 3,749.63, marking its lowest level since March 2021, while the NASDAQ Composite tumbled 4.68% to close at 10,809.23.

On the bond markets, United States 10-Year yields shot up to fresh 11-year highs of 3.362%.

Related Articles

Dow Futures Up After Indices Tumble Into Bear Market

Musk to attend Twitter staff Q&A meet for first time since launching bid

Boeing CEO Calhoun bullish on industry demand for airplanes