Dow futures fluctuate higher as markets tackle Omicron and interest rate uncertainty

Date:

US equity futures made a stronger start on Thursday, which is becoming an increasingly volatile market due to the epidemic of the coronavirus and uncertainty about interest rate directions.

what’s happening
  • Dow Jones Industrial Average 30 Futures
    YM00,
    + 0.92%

    Increased by 327 points (1%) to 34329

  • S & P 500 futures
    ES00,
    + 0.73%

    Increased by 0.8% or 37 points to 4546

  • Nasdaq 100 Futures
    NQ00,
    + 0.43%

    0.7%, or 105 points higher to 15974

Dow Jones Industrial Average on Wednesday in an incredibly volatile session
DJIA,
-1.34%

The Nasdaq Composite fell sharply to 1.3%, or 462 points, 34022.04.
COMP,
-1.83%

1.8% against 15254.05, or 284 points. S & P 500
SPX,
-1.18%

1.2% decrease 4513.04, small Russell 2000
RUT,
-2.34%

It fell by 2.3%, or 51 points, to 2147.42.

What is driving the market

Wednesday’s market sentiment deteriorated after the S & P 500 was identified for the first time since October 13th with a case of the first US Omicron variant below the 50-day moving average.

Charalambos Pissouros, Head of Research for the JFD Group, said:

It also came from Federal Reserve Chair Jerome Powell’s proposal for a faster taper outlook on the second day.

“It’s not about the covid. It’s about the Fed and what they’re trying to do. This sale gets worse. This will be how much pain the Fed can withstand. “Michael Kramer, Chief Executive Officer of Mott Capital Management, said.

What is clear is that once quiet markets are becoming more and more volatile. Analysts at Bespoke Investment Group have discovered 17 instances since 1928. In this instance, there were at least 3 drops of 1% and 1 gain of at least 1% in the 4 days before falling below the 50-day average. There was a 40% decline in 2007 and a 23% decline in 1934, with a median increase of 16% over the year.

Four Fed officials will speak Thursday as the latest unemployed billing report is released. The OPEC + Group will also discuss production policies for viruses.

Dow futures fluctuate higher as markets tackle Omicron and interest rate uncertainty

Source link Dow futures fluctuate higher as markets tackle Omicron and interest rate uncertainty

The post Dow futures fluctuate higher as markets tackle Omicron and interest rate uncertainty appeared first on Eminetra.

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