Stock futures are little changed as investors eye debt ceiling clash in Washington
The Futures of the U.S. were Flat last Tuesday night.
Futures connected to Dow Jones increased by 25 points which is 0.08%. S&P 500 futures increased by 0.08%. Nasdaq 100 futures increased by 0.05%.
The three major averages decreased during the regular trading session on Tuesday, The S&P 500 decreased by 1.12%. The Nasdaq composite decreased by 1.26%. Dow Jones decreased by 0.69%.
Even if Washington raises the debt ceiling, markets could be roiled, says Bill Merz, head of capital markets research at Bank Wealth Management. “That’s because the Treasury will need to issue a lot of debt to replenish its general account”, he said.
“The impact of that is likely to remove liquidity from the broader capital markets,” Merz said.
“Especially more recently, that has overlapped with, or it has correlated with, S&P 500 in general stock performance,” he continued.
Investors also keep a keen eye on the earnings announcements. After the bell, clothing retailers like American Eagle Outfitters and semiconductor companies like Nvidia report their results.
The benchmark policy of the reserve bank of New Zealand increased by 25 points on Wednesday which is 5.5%.
The New Zealand dollar has increased by 0.96%.
“With the Bank having revised down its near-term forecast for both headline inflation and the output gap, we do think there’s a good chance its hiking cycle is now over,” Abhijit Surya said.
Shares at Alibaba in Hong Kong decreased by 2.7%. The Chinese e-commerce joint has lost on the Han-Seng Index.
Copper decreased by 6.07% in May. In June 2022 it lost 13.64%. LME zinc went down by $2,346.
The Palo Alto network increased by 3.5%. Stocks of the Urban Outfitters clothing retailers increased by 6%. Shares of Toll Brothers increased more than 3%.
U.S. stock futures changed a little on Tuesday Night. The Dow Jones Industrial Average increased by 22 points which is 0.07%. S&P 500 futures increased by 0.07% and Nasdaq 100 futures also increased by 0.07%.
- Published By Team Nation Press News
