Dow Futures Tick Higher After Brutal Selloff

By Oliver Gray – U.S. stock futures were trading slightly higher during Tuesday’s evening deals, after major benchmark averages posted their worst daily declines since June 2020 following a hotter than expected inflation reading which boosted bets of further aggressive interest rates rises from Federal Reserve policymakers.

By 7:15pm ET (11:15pm GMT) , and were up 0.1% apiece.

Ahead in Wednesday’s session, investors will be looking ahead to fresh monthly data in order to further gauge current inflation pressures ahead of the Federal Reserve’s next week.

During Tuesday’s regular trade, the plunged 1,276.4 points or 3.9% to 31,105, the shed 4.3% to 3,932.7 and the tanked 5.2% to 11,633.6.

Investors sold off heavily after August’s print came in at 0.1%, higher than the expected -0.1% despite lower prices.

On the bond markets, rates were at 3.412%.


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