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Dow Jones Futures Drop Amid Concerns Over Inflation and Rising Interest Rates
Dow Futures Pointed Lower Ahead of Key Inflation Data
Market Movers: Netflix, Tesla, Twitter
U.S. stock futures are trading lower this morning amid concerns over inflation and rising interest rates. Dow Jones Industrial Average futures are down 0.3%, S&P 500 futures are down 0.2%, and Nasdaq-100 futures are down 0.1%.
The Dow Jones Industrial Average is a stock market index that tracks the stock prices of 30 large U.S. companies. The S&P 500 is a stock market index that tracks the stock prices of 500 large U.S. companies. The Nasdaq-100 is a stock market index that tracks the stock prices of 100 large non-financial U.S. companies.
Investors are concerned that inflation could continue to rise and that the Federal Reserve will raise interest rates more aggressively to combat inflation. This could lead to slower economic growth and lower corporate profits.
Key earnings reports today include Netflix, Tesla, and Twitter. Netflix is expected to report earnings of $2.90 per share on revenue of $7.9 billion. Tesla is expected to report earnings of $1.03 per share on revenue of $17.8 billion. Twitter is expected to report earnings of $0.22 per share on revenue of $1.1 billion.
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