- The S&P 500 closed up 1.47% on Friday but S&P futures were down 0.77% preopening in New York. Earnings and macro data have largely come in stronger than expected for Q1, but investors are likely putting everything on hold until Wednesday’s interest rate decision from the Fed. While the Fed is not expected to change rates, Fed Chair Jerome Powell’s commentary will likely move markets globally.
Stock markets in Asia and Europe largely moved higher this morning following nine straight upward trading sessions of the S&P 500 in the U.S. S&P futures were down 0.78% this morning, suggesting that some investors might want to sell their recent gains today.
