Dow futures jumped more than 200 points today, indicating Wall Street will recover tonight. After falling heavily yesterday
At 7:36 p.m. Thai time, the Dow futures index gained 222 points, or 0.67%, to 33,382 points.
The Dow fell more than 800 points yesterday as investors feared global economies would be hurt by the Russo-Ukraine war, the Federal Reserve’s accelerating interest rate hikes and China’s announcement of a lockdown to stave off economic losses. Preventing the spread of COVID-19
Wall Street’s stock market declined in April. The Dow has fallen 4.2 percent since the start of the month, while the S&P 500 is down 7.8 percent and the Nasdaq is down 12.2 percent.
Microsoft shares are up more than 3% in pre-market trading today. after revealing better-than-expected earnings
Alphabet shares were down 4 percent, while Boeing was also down 4 percent after it posted lower-than-expected earnings.
Investors will keep an eye on the earnings of Meta Platforms or Facebook after the market close today. Apple Company And Amazon will release results tomorrow.
Meanwhile, markets are keeping an eye on the Fed’s May 3-4 monetary policy meeting amid concerns about the Fed’s accelerating interest rate hikes. After Fed Chairman Jerome Powell said he encouraged the Fed to move faster to combat inflation. and indicated there was a chance the Fed would raise interest rates by 0.50% at its May meeting. This will be the first time the Fed has raised interest rates by 0.50% since 2000.
Markets are also worried that the Fed will raise interest rates more strongly after May. could be raised by 0.75% to curb inflation
