Wall St. to open in the red as concerns that higher interest rates to combat inflation will cause an economic contraction continued to damp risk appetite.
How are stock-index futures On Wednesday, the Dow Jones Industrial Average DJIA fell 58 points, or 0.18%, to 32798, the S&P 500 SPX increased 6 points, or 0.14%, to 3992, and the Nasdaq Composite COMP gained 46 points, or 0.4%, to 11576.
What’s driving markets Concerns that higher interest rates to combat inflation will cause an economic contraction continued to damp risk appetite. Two-year Treasury yields TMUBMUSD02Y remained near 15-year highs after Federal Reserve Chair Jerome Powell in recent sessions delivered comments to Congress generally deemed more hawkish than expected.
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