Amid the ongoing military strife between Russia and Ukraine, US stock futures inched higher as the S&P 500 closed in correction territory.
Despite the fact that the Dow Jones tanked in tandem with broader market sentiments, market expectations remain fluid as investors focus on macroeconomic policies that may emanate from regulators in the coming weeks.
Besides the growth notably recorded in the stock futures, the Dollar also became firmer against other currencies around the world.
The downtrend in the Nasdaq Composite was sparked by the plunge in tech stocks like Tesla and Microsoft.
Despite the Dow Jones slump, it was not all bad for the global stock market on Thursday as a number of corporations that shared their earnings report helped provide the cushion the market needed.
The slight miss of European stocks has also trickled down in some way to Wall Street as well as other markets around the world.
The stock market is always in a very polarizing state, irrespective of whether the sentiment per time is bullish or bearish.
The rout in all stocks in January was broad and encompassing, however, analysts believe that with the current overselling, the plausible cause of action for investors is to kickstart an accumulation season.
The US stock market turns optimistic by absorbing the rise in Treasury Yield. Wall Street remains on the edge awaiting the CPI inflation data on Thursday.
Just as the European stock market is showing a great deal of health, there has been a rub-off on those in the US.
Despite the encompassing growth that marked US market and tech stocks, significant losses were still recorded.
Three straight sessions of gains show that investors are gaining confidence in market participation once again following heavy sell-offs in the month of January.
Beyond Europe, the outlook from other global markets is also impressive as investors go on an accumulating spree in order to par off some losses experienced all month.
The market continues to remain volatile amid the Fed commentary earlier this week. However, US GDP numbers for Q4 2021 are much better than expected.
Growth stocks continue to stay under pressure as investors await the details of the two-day FOMC meeting. Banks and energy sectors pose recovery.