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Stock futures rise slightly as Wall Street awaits Fed rate hike, Ukraine developments

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Traders at the NYSE floor, 14 March 2022

Source: NYSE

U.S. stock futures rose modestly on Monday night. Investors continue to follow developments in Russia/Ukraine conflict and prepare for key Federal Reserve policy decisions.

Dow Jones Industrial Average futures rose 52 points (or 0.16%) S&P 500 and Nasdaq
100 futures rose 0.21% and 0.3%, respectively.

Earlier in the day, the S&P 500 declined 0.7%, while the tech-heavy Nasdaq Composite slid 2%. Both ended their eighth consecutive negative session. The Dow Jones Industrial Average ended flat, despite climbing up to 450 points earlier today.

Investors observed the continuing conflict between Russia, Ukraine as each country began a new round ceasefire talks Monday. According to a Ukrainian official, the country wants the Russian military from Ukraine immediately.

In the meantime, Chinese and American officials are attending. met on MondayThey will discuss the challenges that face their bilateral relationships, such as Russia’s war in Ukraine.

A scheduled sovereign bond payment will bring to a sharper light the financial impact of Russian sanctions.

Gene Goldman (CEO of Cetera Investment Management), stated that the market was “jittery”. So much concern over the Russian invasion, inflation and Fed. Investors have become more cautious as they are concerned about a bearish market.

He said that he does not believe there is a bearish market. “A pullback/correction makes a bearish market if there is a chance of a recession.” Fundamental data (labor, construction spending, PMIs, etc.) All of these data support an economic foundation.”

The Fed will likely raise its target rate for investors after it begins a two-day session. Investors expect a major rate rise. Widely expected, the Fed will increase its target fed funds interest rate by quarter of a percentage point.

There also will be adjustments to the economic outlookDiscussion about the Fed’s future rates path, as well as projections and discussion of when it can begin to reduce its bond portfolio.

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