Jun 18, 2021 05:23 AM ET
By: AnalysisWatch
U.S. stocks are seen starting marginally higher Friday, but in big element look set for a losing week the wake of the Federal Reserve’s hawkish turn.
Dow Jones futures were up 20 points, or 0.1%, S&P 500 futures were 0.1% up and NASDAQ a hundred futures climbed 0.2%.
The Fed’s choice to aspect towards interest fee rises in 2023, 12 months earlier than expected, has taken the gloss off big additives of the equity markets, as consumers want to begin to alter to reality without the very clean funding conditions.
On Thursday, the blue-chip Dow Jones Industrial Average dropped 0.6%, broad-based completely S&P 500 closed 0.1% lower, whilst the tech-heavy Nasdaq Composite outperformed, gaining 0.9%.
For the week to date the Dow has fallen 1.9%, the S&P 500 has dropped 0.6%, whilst the Nasdaq has acquired 0.7%.
There are not any any monetary numbers of notes due later and the earnings slate is largely empty. But its miles a triple witching Friday, with options and futures on indexes and equities set to expire, which could reason a volatile shopping for and promoting day.
