Market Snapshot: U.S. stock futures nudge lower amid cautious trading

by | Dec 28, 2022 | Stock Market

U.S. stock futures inched lower as investors eyed the final stretch of a miserable year.How are stock-index futures trading
S&P 500 futures
ES00,
+0.17%
dipped 3 points, or 0.1% to 3852

Dow Jones Industrial Average futures
YM00,
+0.23%
rose 8 points, or less than 0.1% to 33424

Nasdaq 100 futures
NQ00,
+0.06%
eased 17 points, or 0.2% to 10898

On Tuesday, the Dow Jones Industrial Average
DJIA,
+0.11%
rose 38 points, or 0.11%, to 33242, the S&P 500
SPX,
-0.40%
declined 16 points, or 0.4%, to 3829, and the Nasdaq Composite
COMP,
-1.38%
dropped 145 points, or 1.38%, to 10353. The Nasdaq Composite was sitting near its lows of 2022, having lost 33.8% for the year to date.

What’s driving markets With just three sessions left in 2022, traders were looking to greet Wall Street’s opening bell cautiously, with equity futures inching back. Failed rallies – of various duration – are an established feature of bear markets and investors clearly remain wary of applying overly bullish bets as the year draws to a close, especially given the holiday-thinned trading. Indeed, there are few fresh catalysts on Wednesday to distract investors from the underlying theme that has driven markets for much of the year: multi-decade high inflation and how th …

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