By Oliver Grey
Investing.com – U.S. inventory futures eased in in a single day buying and selling Monday, with markets remaining closed for a public vacation after struggling heavy losses within the earlier week as buyers braced for additional tightening of financial insurance policies from the U.S. Federal Reserve and rising possibilities of an financial downturn.
By 6:40pm ET (10:40pm GMT) Dow Jones Futures, S&P 500 Futures and Nasdaq 100 Futures had been every buying and selling 0.1% decrease.
Forward within the week, market members shall be intently following Fed Chair Jerome Powell’s testimony earlier than Congress Wednesday and Thursday. As well as, new house gross sales information is slated for launch on Tuesday, whereas current house gross sales is due Thursday alongside preliminary providers and manufacturing PMI prints.
Final week, the Dow Jones Industrial Common slid 4.8%, the S&P 500 dropped 5.8%, posting its largest weekly loss since March 2020 and the NASDAQ Composite slipped 4.8%, down 33% from its file excessive.
In the meantime, cryptocurrencies recovered barely after Bitcoin fell to a brand new 2022 low over the weekend.
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