U.S. stock futures slumped on Thursday, following the worst slide in close to two years for the S&P 500.
U.S. stock futures slumped on Thursday, following the worst slide in close to two years for the S&P 500.
The... U.S. stock futures slumped on Thursday, following the worst slide in close to two years for the S&P 500. The S&P 500’s drop on Wednesday was the most since June 11, 2020. The intraday low of the year of 3,858.87 is in danger of being tested. “The relief rally trap door sprung when the S&P 500 4000 pins snapped after Target’s earnings results exacerbated some recession fears that continued the theme of rising inventories detailed by Walmart on Tuesday. And the broad-based sell-off absolutely hammered tech,” said Stephen Innes, managing partner at SPI Asset Management.
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