Dow futures ease as Fed flags recession risk
2023.04.12 19:04
© Reuters.
By Oliver Gray
Investing.com – U.S. stock futures were trading lightly lower during Wednesday’s evening deals, after a negative session among major indices as investors weigh recession risk following the latest meeting minutes from the Federal Reserve.
By 6:45pm ET (10:45pm GMT) , , were each trading 0.1% lower
In extended deals, Rent the Runway Inc (NASDAQ:) fell 7% Q4 losses of $0.40 per share versus estimated losses of $0.51 per share, while revenue came in at $75.4 million versus $73.56 million expected.
Ahead in Thursday’s session, traders will be watching for key data as well as weekly . On the earnings front, major financial companies including JPMorgan Chase & Co (NYSE:) and Citigroup Inc (NYSE:) are scheduled to report results.
During Wednesday’s regular session, the lost 38.3 points or 0.1% to 33,646.5, the lost 17 points or 0.4% to 4,092 and the lost 102.5 points or 0.9% to 11,929.3.
On the data front, accelerated than less expected for the month of March, coming at 0.1% versus 0.2% month over month and 5% versus 5.2% annualized.
In addition, minutes from the noted growing concerns of further financial turmoil ahead of corporate earnings season.
On the bond markets, rates were at 3.4%.
