Open to close after Wall Street sell-off
LONDON — European markets are expected to pull back slightly on Friday, tracking global caution after Wall Street posted its worst day since 2020.
The Dow Jones Industrial AverageMore than 1000 points plunged and the Nasdaq Composite dropped nearly 5% Thursday. Wednesday’s rally. Initial relief after the Federal Reserve“The ruling out of more aggressive hikesFears that an abrupt hike to curb inflation and slow down economic growth gave way again, it seems.
U.S. stock futuresThere was little movement in premarket trade Friday morning ahead of closely watched April job report.
Shares in Asia-PacificAlso, Friday’s decline was largely due to Hong Kong’s. Hang Seng indexRegional losses are leading after tech stocks sell off in response to the overnight decline of Nasdaq, tech-heavy Nasdaq.
Investors also monitor Russia’s progress in eastern and southern UkraineAs its forces seem to have increased assaults in these regions.
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