Dow Jones Futures Volatile After Fed Chief Powell Wipes Out Market Gains; Tesla Leads Earnings Movers

3 months ago 52

Wishpond
Dow Jones futures were little changed early Friday, along with S&P 500 futures and Nasdaq futures, amid volatile overnight trading. Tesla headlined key earnings after hours and as investors continued to mull a hawkish Fed. The stock market erased sharp intraday gains Wednesday while Treasury yields jumped after the Federal Reserve said it "expects" to raise interest rates soon with Fed chief Jerome Powell signaling that aggressive rate hikes and balance sheet cuts are coming.
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