Seaport Securities founder Teddy Weisberg and Carnivore Trading’s Dutch Masters CEO discuss whether there are any safe places for investors on ‘The Claman Countdown’.
US stock futures were trading significantly lower ahead of the final trading day of the first half of the year.
Major Futures Shows fell more than 1% as trading began on Wall Street.
This comes a day after the US economy contracted more than expected.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City. (Photo REUTERS / Brendan McDermid / Reuters)
Wall Street’s benchmark S&P 500 index fell 0.1% on Wednesday after data showed US economy shrinks in the first quarter amid high inflation and weakening consumer confidence.
Investors are worried about signs that the world’s largest economy could slip into recession as interest rate hikes are used to cool rising inflation.
GDP CONTRACT IS BETTER THAN GENERATION OF FRESH CONFIDENTIALITY BECOME INFLATION PAIN
10-year Treasury notes traded at 3.06%.
Cashiers hand over customer change after making a transaction at a Target Corp store. in Colma, California. (Photographer: David Paul Morris/Bloomberg via Getty Images/Getty Images)
Traders will watch Thursday morning’s key economic reports including jobless claims, earnings and spending for May and core PCE, which is Federal Reserve preferred inflation measure.
FED NEED ‘DECISION ACTION TO KILL INFLATION’: BILL ACKMAN
Bitcoin is trading under $20,000.
In Asia, the Nikkei 225 in Tokyo fell 1.4%, the Hang Seng index in Hong Kong gained 0.2% and China’s Shanghai Composite index gained 1.4% after the official weekly gauge. month on factory activity increased and new orders improved.
| Ticker | Guard | Last | Change | Change % |
|---|---|---|---|---|
| Me: DJI | DOW JONES AVERAGES | 31029.31 | +82.32 | + 0.27% |
| SP500 | S&P 500 | 3818.83 | -2.72 | -0.07% |
| Me: COMP | NASDAQ SUMMARY INDICATOR | 11177.893098 | -3.65 | -0.03% |
On Wednesday, the S&P 500 slid to 3,818.83, while the Dow Jones Industrial Average rose 0.3 percent to 31,029.31. The Nasdaq composite fell less than 0.1% to 11,177.89.
ENVIRONMENTAL GROUPS AFTER BIDDING ADMINISTRATIVE FOR LEASE OF OIL AND GAS IN THE FIRST TABLE
In the energy market, Benchmark US crude traded around $109 per barrel in electronic trading on the New York Mercantile Exchange. The contract fell $1.98 on Wednesday to $109.78. Brent crude, the base price for international oil trading, trades around $115 a barrel in London. It fell $1.72 in the previous session to $116.26. each carton.
The Associated Press contributed to this report.