Dow Futures Tick Higher After Indices Extend Rout

By Oliver Gray – U.S. stock futures were trading higher during Monday’s evening deals, after major benchmark indices extended declines for the 5th consecutive session as investors continue to retreat amid higher interest rates and growing recession concerns.

By 7:20pm ET (11:20pm GMT) , and were trading up 0.2% apiece.

Ahead in Tuesday’s session, market participants will be focused on , and .

Meantime, growing currency risks are further dampening risk sentiment as the surged to fresh record highs against the and to 20-year highs against the following the U.S. Federal Reserve’s aggressive last week.

During Monday’s regular trade, the fell 239.6 points or 1.1% to 29,260.8, falling to the lowest level since November 2020. The fell 38.2 points or 1% to 3,655.1 to close at its lowest levels since December 2020, while the dipped 65 points or 0.6% to 10,802.9 and extending to 3-month lows.

On the bond markets, rates were at 3.928%, slightly below fresh 12-year highs.

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