U.S. stock futures slid late Tuesday, suggesting more volatility when trading begins Wednesday, following two roller-coaster days on Wall Street.What are the...
U.S. stock futures slid late Tuesday, suggesting more volatility when trading begins Wednesday, following two roller-coaster days on Wall Street.
Earlier, the Dow Jones Industrial Average DJIA, +4.89% rose 1,167.14 points, or 4.9%, at 25,105.14, while the S&P 500 SPX, +4.94% gained 135.67 points, or 4.9% to close at 2,882.23. The Nasdaq Composite Index COMP, +4.95% jumped 393.58 points, or 5%, to 8,344.25.That came a day after Monday’s selloff, when stocks fell the most in one day since the 2008 financial crisis.
Markets are also pricing in an easing of monetary policy from the European Central Bank at its Thursday meeting and similar measures from the U.S. Federal Reserve at next week’s policy meeting.What are analysts saying? Joe Kalish, chief global macro strategist at Ned Davis Research, said Trump’s payroll-tax plan was not enough.
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