Home Business Another difficult week ahead? On Sunday, Dow futures fell nearly 400...

Another difficult week ahead? On Sunday, Dow futures fell nearly 400 points

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After an unstable week, Wall Street is preparing for new losses, as futures on US stock indexes fell sharply on Sunday.

Futures Dow Jones Industrial Average
YM00,
-1.20%

last time fell by almost 400 points, and futures S&P 500
ES00,
-1.27%

and Nasdaq-100 futures
NQ00,
-1.15%

each was reduced by about 1% – all improvements from session lows.

Cryptocurrencies also fell last weekend, with bitcoin
BTCUSD,
-1.55%

falling below $ 35,000which has almost halved from a record set in November.

Shares fell by the end of the week after Fed Chairman Jerome Powell said the central bank was not considering raising the rate by 75 basis points, prompting some to question whether the Fed is doing enough to control inflation. The Dow fell more than 1,000 points on Thursday, celebrating its worst day in five yearsthe day after the jump by 900 points per this is the best day since 2020.

Read: Will the Fed go too far? Violent Dow fluctuations are forcing investors to look for signals of recession

“Circumstances have blocked the US Federal Reserve and inflation in the race to see who may be the most hawk, but the Fed always seems to be catching up,” said Stephen Ines, managing partner at SPI Asset Management. Sunday night. “Doubts about central banks’ ability to rely effectively on inflation remain a significant source of concern as investors weigh more confidence in short-term policies compared to medium-term inflation uncertainties. The longer it lasts, the higher the level of investor anxiety and lower stocks. ”

Friday Doe
DJIA,
-0.30%

fell 98.60 points, or 0.3%, to close at 32,899.37 and the S&P 500
SPX,
-0.57%

decreased by 23.53 points, or 0.6%, ending at 4,123.34, and the Nasdaq Composite
COMP,
-1.40%

decreased by 173.03 points, or 1.4%, and ended at 12,144.66.

During the week, the Dow and S&P 500 fell 0.2%, and the technology Nasdaq fell 1.5%. Both the Nasdaq and the S&P 500 fell for the fifth week in a row, while the Dow fell for the sixth week in a row, according to Dow Jones Market Data.

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