Market Snapshot: U.S. stock futures see choppy trading after Bank of Japan signals policy shift

by | Dec 20, 2022 | Stock Market

U.S. stock futures were volatile as Treasury yields rose after the after Bank of Japan delivered a surprise tweak to monetary policy.How are stock-index futures trading
S&P 500 futures
ES00,
-0.07%
dipped 7 points, or 0.2%, to 3838

Dow Jones Industrial Average futures
YM00,
+0.06%
fell 23 points, or 0.1%, to 32950

Nasdaq 100 futures
NQ00,
-0.23%
eased 36 points, or 0.3%, to 11158

On Monday, the Dow Jones Industrial Average
DJIA,
-0.49%
fell 163 points, or 0.49%, to 32758, the S&P 500
SPX,
-0.90%
declined 35 points, or 0.9%, to 3818, and the Nasdaq Composite
COMP,
-1.49%
dropped 159 points, or 1.49%, to 10546. The Nasdaq Composite is down 6.3% in just the previous four days, and has retreated 32.6% so far this year.

What’s driving markets Wall Street was in danger of recording a fifth consecutive session of losses after markets were rattled by a surprise monetary policy shift by the Bank of Japan. The S&P 500 closed the previous day near a six-week low amid concerns that central banks’ hiking of borrowing costs to combat inflation will push economies into recession and cause corporate earnings to fall. The Bank of Japan had been a supportive outlier of late having maintained rates at the zero lower bound while others embarked on their big …

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