[ad_1]
Traders on the floor at the NYSE, April 5, 2022.
Source: NYSE
Stock futures moved up slightly on Sunday evening as Wall Street looks to shake off a losing week.
Futures tied to the Dow Jones Industrial Average added 36 points, or 0.1%. Those for the S&P 500 and Nasdaq 100 ticked up 0.1% and 0.2%, respectively.
Wall Street is coming off a negative week, with the tech sector being a source of concern. The tech-heavy Nasdaq Composite fell 3.9% last week, while the S&P 500 and Dow dropped 1.3% and 0.3%, respectively.
The health-care sector was a bright spot, gaining more than 3%.
The fight against inflation is likely to be a market driver this week. Investors will get a look at fresh data, with the consumer price index for March due out on Tuesday and the producer price index following on Wednesday.
Cleveland Fed President Loretta Meester told CBS’ “Face the Nation” on Sunday that she still believes the Fed can get inflation under control without causing major damage to the economy.
“If you look at the risks, given what’s happening in the world and in the economy, there is an increased risk [of recession],” she said. “But I remain optimistic, and certainly my modal forecast on what is going to happen this year is that the expansion will continue.”
Meester added that the Covid lockdowns in China will “exacerbate” the supply chain issues that are contributing to inflation in the U.S.
Investors will also be keeping an eye on developments in Ukraine. Russia’s invasion of the country has caused volatility in oil and other commodities markets, which has, in turn, disturbed stocks.
Later this week, the first-quarter earnings season will hit its stride, with JPMorgan Chase and Delta set to report results on Wednesday morning.
Hey there, Toronto homeowners! If you're diving into a kitchen renovation, one of the most…
Kijangwin is your brand-new go-to destination for all things internet gaming. Whether you're an informal…
Hey there, fashion enthusiasts! Are you ready to dive into the world of trendy clothes…
Hey there! If you're reading this, there's a good chance you've found yourself in the…
Hey there, hemp enthusiasts! If you've been on the hunt for the next big thing…
Hey there! Have you ever found yourself tangled up in the world of communication and…