Stock futures rose a little; investors weigh recession risk
Stock futures edged up slightly as investors weighed down the risk of a recession after the Federal Reserve’s last meeting.
Dow Jones Industrial Average futures advanced 45 points, or 0.12%, while S&P 500 futures advanced 0.22%. Nasdaq Futures climbed by 0.4%.
Stocks closed the regular session of trading lower. The S&P 500 ended the day down 0.41%, while the Nasdaq Composite decreased by 0.86%. The Dow closed the day with 38.28 points. This was a loss of 0.12%, and marked an end to four days of gains.
After the release of the consumer price statistics for March, which showed that pressures had eased in the previous month, the key average number was initially higher earlier in the session. CPI increased by 0.1% in March compared to the previous month and 5% on an annual basis.
Traders’ attitudes have changed since the release of the minutes of the March Federal Market Committee meeting. The Fed predicts that recent banking instabilities will lead to a recession this year.
Wall Street is also eagerly awaiting the earnings reports of major companies, including JPMorgan Chase and Citigroup.
Evercore ISI’s senior research manager says that while pressure remains on stocks, price movements are not the main focus of his…