Stock futures are flat Monday evening: Live updates
Publishing timestamp: 2023-04-03 20:04:47
Summary
Stock futures were flat as investors weighed the spike in oil prices that led the S&P 500 higher. Energy stocks led the way after OPEC+ announced it was slashing output, causing oil prices to soar. Analysts say the prospect of higher oil prices could stoke inflation and recession fears, but some believe any volatility will be a normal correction that sets the market up for a better second half. Investors will be watching for the latest JOLTS report and Evercore expects an economic downturn this year due to the effects of the Federal Reserve's tightening monetary policy. Evercore has added small-cap stocks to its portfolio as a defensive play in the current market.
Sentiment: MIXED
Keywords: dow jones industrial average, markets, united states, nasdaq composite, breaking news: major, business news, breaking news: markets, stock markets, investment strategy, s&p 500 index,
Source: https://www.cnbc.com/2023/04/03/stock-market-futures-open-to-close-news.html