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Equity futures will rise after the S & P 500 has fallen to its lowest level in over a year

US stock futures were in the positive territory early Tuesday morning after the S & P 500 fell to its lowest level in over a year.

The Dow Jones Industrial Average futures rose 210 points, or 0.65%. S & P 500 and Nasdaq 100 futures rose 0.78% and 1.34%, respectively. AMC’s share has risen by more than 2%, but Novavax has plummeted by about 22% outside business hours, backed by the latest quarterly report.

Earlier that day, the S & P 500 fell to the 4,000 level, or 3,975.48, marking the lowest point in the index since March 2021. The broad market index fell 17% from its 52-week high as Wall Street continued to struggle to find. Bottom after last week’s loss.

The Dow Jones Industrial Average fell 1.99%, down more than 12% from its 52-week high. S & P 500 fell 3.2%. The tech-heavy Nasdaq Composite index fell 4.29%, down more than 27% from its 52-week high.

These moves came as inflation concerns continued to hurt the market in every way. High-tech stocks were particularly hit. The shares of Meta Platforms and Alphabet fell 3.7% and 2.8%, respectively. Tesla’s share has fallen by more than 9%.

“The last few weeks are certainly not the last few weeks, but sentiment is so bearish that we can’t get together … it tells us everything we need to know about the current state of the market. , The bear is under control. ” Adam Sahan, Founder and Chief Executive Officer of 50 Park Investments, said.

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Meanwhile, benchmark 10-year Treasury yields have risen to their highest levels since late 2018, surpassing 3%. The last was 3.04%.

Peloton Interactive And Fox are set to report earnings before the bell on Tuesday. Coinbase, Roblox, RealReal When Allbirds We plan to report earnings on Tuesday after the market closes.

Equity futures will rise after the S & P 500 has fallen to its lowest level in over a year

Source link Equity futures will rise after the S & P 500 has fallen to its lowest level in over a year

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