Pre-open movers
U.S. stock futures traded lower in early pre-market trade on Wednesday after closing mostly lower on Tuesday. The S&P 500 index dropped deeper into a bear market after hitting a fresh 2022 low. The S&P 500 is now down 24.3% from its record level in January, while the Dow is now 21.2% below its record high.
Pre-open movers
U.S. stock futures traded higher in early pre-market trade on Tuesday after recording losses on Monday. The Dow Jones fell into a bear market on Monday, while the S&P 500 recorded a fresh closing low level for the year.
Years ago, a futures exchange would be filled with shouting traders using the old-fashioned open outcry method. They picked up landline phones, threw up hand signals and muttered plenty of expletives.
The major U.S. index futures are pointing to a lackluster start for Wall Street on Monday, as sentiment about the economy and market continue to be downbeat.