Friday, January 21, 2022

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    U.S. stock futures fall as Goldman raises Fed rate hike forecasts

    US stock futures fell on Monday, as concerns over the Fed’s policies echoed, especially in the tech sector.

    what’s happening
    • Dow Jones Industrial Average 30 Futures

      It fell by 48 points (0.2%) to 36,059.

    • S & P 500 futures

      It was reduced by 0.3%, or 15.25 points, to 4,652.50.

    • Nasdaq 100 Futures

      It fell 0.7%, or 106 points, to 15,471.

    On Friday, Dow Jones Industrial Average 30 species average

    Finished almost unchanged, but S & P 500 fell 0.4%

    Nasdaq Composite Index, which makes heavy use of high-tech

    Lost 1%. Growth stocks have fallen the most below last week’s value stocks since the 2020 election week, according to FactSet.

    What is driving the market

    Analysts were still discussing Friday’s salary report. Despite worse than expected non-farm payrolls, it showed lower unemployment and higher wages.

    Goldman Sachs economists expect a four-time Federal Reserve rate hike in 2022 instead of the previous three demands, saying the balance sheet spill will begin in July instead of December. “The declining labor market downturn has made Fed officials less sensitive to upward inflation risk and less sensitive to downward growth risk,” they said in a note to clients. ..

    The long-awaited inflation report is scheduled for Wednesday.

    Which company is paying attention to?
    • Lululemon Athletica LULU We warned that fourth-quarter revenue and revenue would be at the lower end of the target due to the impact of the Omicron variant on capacity and staff.

    • Share Take-Two Interactive Software

      Attracted attention after receiving reports of acquisition Zinga

      You will pay $ 9.86 in cash and stock for a transaction with a corporate value of $ 12.7 billion.

    How are other assets going?
    • Yields on 10-year government bonds remained virtually unchanged at around 1.77%, as follows: Maximum weekly profit According to Dow Jones market data, it is based on the level of 3:00 pm Eastern Standard Time since September 2019. Treasury yields and prices move in the opposite direction.

    • ICE USD Index DXYCurrency readings against the baskets of the six major rivals rose 0.2% on Monday after a 0.2% slide each week.

    • Oil futures CL00 West Texas Intermediate crude oil delivered in February fell moderately. CLG22 It was down 0.4% at $ 78.53 a barrel.

    • Gold futures GC00, 0.19% February-delivered GCG22 traded at a high of less than 0.1%, reaching $ 1,798.30 an ounce, while the most active contracts fell 1.7% in a week.

    • Bitcoin BTCUSD It was down about 1% at about $ 41,000.

    • Stocks Europe 600 SXXP The London FTSE 100 is a 0.5% lower deal. UKX It retreated 0.1% lower.

    • Shanghai Composite SHCOMP Hang Seng Index rose 0.4% HSI Japan’s Nikkei 225, up 1.1% Nike I was closed due to a holiday.

    U.S. stock futures fall as Goldman raises Fed rate hike forecasts

    Source link U.S. stock futures fall as Goldman raises Fed rate hike forecasts

    The post U.S. stock futures fall as Goldman raises Fed rate hike forecasts appeared first on Eminetra.

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