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