Stock Groups

Stock futures little changed as Wall Street tries to recover from Wednesday’s losses

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Traders in New York City work at the New York Stock Exchange (NYSE), March 21, 2022.

Brendan McDermid | Reuters

The stock futures were unchanged on Wednesday night after investors recovered from their losses in the regular trading session.

Dow Jones Industrial Average futures gained slightly by 14 points (0.04%). S&P 500 and Nasdaq 100 futures climbed 0.10% and 0.17%, respectively.

Homebuilding company KB Home was the top earner, followed by streaming service Spotify which grew 4% in extended trades.

The major averages were unable to trade during Wednesday’s regular session due to higher commodity and oil prices, and uncertainty about future economic prospects.

Dow Jones Industrial Average lost about 450 points (or 1.3%). The S&P 500 declined 1.2%. Nasdaq Composite declined 1.3%

On Wednesday’s Fast Money, Mike Schumacher from Wells Fargo Securities spoke on behalf of his macro strategy team.

Investors listened to the President Joe Biden’s trip to Europe as he tried to put pressure on Russia and offer support for a ceasefire.

Oil prices rose higher. Oil prices rose higher. The benchmark WTI Crude for the U.S. jumped 5% while Brent Crude, an international benchmark, soared by 5.23%.

At 8:30 am on Thursday, new weekly job claims data will be available and durable goods orders released.

Darden Restaurants reports earnings prior to the bell on Thursday.

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