The Federal Reserve’s decision on interest rates and the results of multiple mega-cap tech companies were the main sources of volatility for U.S. stock futures on Monday morning.
The Dow Jones Industrial Average-linked futures saw a drop of 58 points, or 0.15%. There was minimal movement in the S&P 500 and Nasdaq 100 futures.
In response to positive economic statistics, all three of the major averages had increases during the prior trading week. While core inflation on an annual basis was lower than forecast, indicating a slowdown in price increases, economic growth in the fourth quarter was greater than anticipated. But compared to the previous week’s advance, the market’s gains were more restrained as a result of big businesses like Tesla and Intel posting lower-than-expected profits.
Source (CNBC)
