Stock futures are flat as Wall Street weighs likelihood of higher rate hikes: Live updates
Publishing timestamp: 2023-03-09 00:41:16
Summary
U.S. stock futures were flat as traders processed job market data and comments from Federal Reserve Chairman Jerome Powell. Mixed results from the previous session came after new job market numbers led investors to believe that higher rate hikes are more likely. BJ's Wholesale and JD.com are set to report earnings, and investors will be looking at the jobless claims report. The U.S. and Europe are crafting a trade agreement on critical minerals to reduce reliance on China. Major cryptocurrencies bitcoin and ether sank after Silvergate Capital announced it will shut down its operations. The yield curve between 2-year and 10-year Treasurys became more sharply inverted, but some strategists say this is a sign of high inflation rather than a recession warning. Bullishness among financial newsletter editors grew, but concerns remain about higher interest rates and the winding down of Silvergate Bank's operations.
Sentiment: MIXED
Tickers: SI, BTC.CM=, .DJI, MDB, ETH.CM=, UBER, .IXIC, .SPX,
Keywords: jerome powell, breaking news: markets, business news, dow jones industrial average, markets, nasdaq composite, economic events, s&p 500 index,
Source: https://www.cnbc.com/2023/03/08/stock-market-today-live-updates.html