U.S. stock futures started the second quarter higher Friday after lower-than-expected but still robust March employment growth. Wall Street on Thursday ended its worst quarter since the first three months of 2020, which included the Covid pandemic lows in late March of that year. The Dow Jones Industrial Average, the S&P 500 and the Nasdaq all dropped about 1.5% on Thursday. For Q1, the Dow and S&P 500 closed down 4.57% and 4.95%, respectively. The Nasdaq lost 9.1%. The start of a rate-hiking cycle from the Fed, high inflation and Russia’s invasion of Ukraine have all contributed to the struggles for equities so far this year.
2. Recession signal: Key Treasury spread flips for first time since 2019
Treasury yields jumped on Friday’s jobs report, one day after the
You can Read this Complete Story at: Source Link
Dow Today, Dow Jones Today