May 23, 2022

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US stock futures are falling, indicating more losses on Monday

US stock futures are falling, indicating more losses on Monday

After heavy losses on Friday, Wall Street is bracing for further declines as stock index futures slipped Sunday night.

Dow Jones Industrial Average YM00 futures,
-0.58%
It fell about 160 points by midnight ET, an improvement from a loss of more than 200 points earlier in the session, while S&P 500 ES00 futures,
-0.54%
and Nasdaq -100 NQ00 futures contracts,
-0.39%
It was low, too, but improved from session lows.

Wall Street braces for a busy earnings week, as quarterly reports come from Apple company
AAPL,
-2.78%s
Facebook’s father metaplatforms inc.
Full of,
-2.11%s
Google’s father Alphabet Inc
The Google,
-4.15%

GOOG,
-4.26%s
Amazon.com Inc. AMZN,
-2.66%
and Microsoft Corp. MSFT,
-2.41%s
Among other things. Investors will also be watching Twitter Inc. TWTR,
+ 3.93%s
Which announces earnings for Thursday and Sunday Reassessment of Elon Musk’s Takeover Offer.

On Friday, Dow DJIA,
-2.82%
It fell about 981 points, or 2.8%. Worst daily percentage drop since October 28, 2020According to Dow Jones market data. S&P 500 SPX Index,
-2.77%
The Nasdaq Composite Index is down 2.8%,
-2.55%
It decreased by 2.6%.

Over the week, the Dow Jones is down 1.9%, the S&P 500 is down 2.8%, and the Nasdaq is down 3.8%, according to FactSet.

Federal Reserve Chairman Jerome Powell added to the concerns of nervous investors on Thursday. Proposal to support a larger price increase of 50 basis points At the May meeting of the Federal Reserve.

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