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S&P 500 futures rise 1% as the market is set to rebound from a brutal week

CNBC Finance LogoCNBC Finance1w ago

S&P 500 futures rise 1% as the market is set to rebound from a brutal week

Quick Summary

Major averages suffered their 10th losing week in 11 on fears that the Fed will hike rates aggressively to tame inflation at the risk of causing a recession.

Bitcoin fell to a new 2022 low of $17,601.58 over the weekend before climbing back above the $20,000 mark on Monday.

Investors will monitor incoming data, including existing home sales on Tuesday, to gauge the health of the economy.


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Article Details

Author / Journalist: https://www.facebook.com/CNBC

Category: MarketsFinanceInvesting

Topics: Markets Wall Street Bitcoin/USD Coin Metrics U.S. Markets Articles Stocks Stock markets Finance Breaking News: Markets Asia Markets Cnbc Ethereum/USD Coin Metrics Investment strategy Investing Source:tagname:CNBC US Source

Source Website Secure: Yes (HTTPS)

News Sentiment: Negative

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-06-20, 23:01:07

News Timezone: GMT -5:00

News Source URL: cnbc.com

Language: English

Reading Time: 3 minutes read

Article Length: 397 words

Coverage Area: United States

Availability: Desktop Web, Mobile Web

News ID: 1468

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About CNBC Finance

CNBC Finance Logo

Main Topics: MarketsFinanceInvesting

Official Website: cnbc.com

Update Frequency: 3 posts per day

Year Established: 2005

Headquarters: United States

Last Updated: 9h ago

Coverage Areas: United States

Ownership: Independent Company

Publication Timezone: GMT -5:00

Languages Covered: English

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Website Security: Secure (HTTPS)

Publisher ID: #6

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