Stock futures are down slightly following Thursday’s market sell-off fueled by banks
Publishing timestamp: 2023-03-09 18:07:06
Summary
Stock futures inched lower as investors await the February jobs report for clues into how the Federal Reserve may move forward. The market experienced a steep sell-off led by bank shares, with the financial sector posting its worst daily performance since 2020. Investors are concerned about the potential for higher inflation and interest rates, and traders are pricing in a 63% chance of the Federal Reserve raising rates at its next policy meeting. The February jobs report is seen as a key driver in the central bank's decision-making process.
Sentiment: NEGATIVE
Tickers: .SPX, .DJI, @SP.1, @DJ.1, .IXIC, @ND.1, SIVB,
Keywords: nasdaq 100 fut (mar'23), united states, svb financial group, s&p 500 fut (mar'23), nasdaq composite, breaking news: markets, s&p 500 index, stock markets, markets, business news, dow jones industrial average, economic events, dow jones fut (mar'23),
Source: https://www.cnbc.com/2023/03/09/stock-market-today-live-updates.html