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Friday, December 2, 2022

Dow Futures Slip After Indices Continue Relief Rally

Dow Futures Slip After Indices Continue Relief Rally
© Reuters.

 

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By Oliver Gray 

Investing.com – U.S. stock futures were trading lower during Tuesday’s evening deals, after major benchmark indices extended gains for the second consecutive session after a weaker than expected JOLTs job openings reading boosted bets that the Federal Reserve will ease aggressive interest rate hikes.

By 19:10 ET (23:10 GMT) Dow Jones Futures, and Nasdaq 100 Futures fell 0.3% apiece while S&P 500 Futures were down 0.2%.

In extended deals, Airbnb Inc (NASDAQ:ABNB) gained 0.8%, Emerson Electric Company (NYSE:EMR) lifted 4.5% while Amylyx Pharmaceuticals Inc (NASDAQ:AMLX) dropped 3.4%.

Ahead in Wednesday’s session, market participants will be focusing on ADP employment change and trade balance data as well, and the ISM non-manufacturing PMI.

During Tuesday’s regular session, the Dow added 825.4 points or 2.8% to 30,316.3, the S&P 500 lifted 112.5 points or 3.1% to 3,790.9 and the Nasdaq Composite gained 361 points or 3.3% to 11,176.4.

On the bond markets, United States 10-Year rates were at 3.635%.

 

Source: Investing.com

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