Here are the most important news, trends and analysis that investors need to start their trading day:

1. Dow tracks for first five-session losing streak since January

Traders at the New York Stock Exchange.

Source: NYSE

U.S. stock futures fell sharply Friday as the Dow looked to be set up for its first five-session losing streak since January. Dow futures sank 300 points, accelerating to the downside during CNBC’s interview with St. Louis Fed President James Bullard in the 8 a.m. ET hour of “Squawk Box.” He revealed himself to be one of the Fed members who sees interest rate hikes beginning in late 2022, earlier than the median 2023 forecast. “We were expecting a good year, a good reopening, but this is a bigger year than we were expecting, more inflation than we were expecting, and I think it’s natural that we’ve tilted a little bit more hawkish here to contain inflationary pressures,” said Bullard, who is not a voting Fed member…

Read more…


Comments are closed.