June S&P 500 futures (ESM23) are trending down -0.22% this morning after three major U.S. benchmark indices ended the regular session mixed as weaker-than-estimated economic data fueled worries that the Federal Reserve’s rate-hike campaign could push the U.S. economy into a recession.
In Wednesday’s trading session, the tech-heavy Nasdaq 100 underperformed major benchmarks as investors shifted from growth stocks to defensive trades following weak U.S. economic data. Economically sensitive industrial stocks also weighed on the broader market as investors worried about a potential economic downturn. At the same time, a rise in the heavyweight healthcare components of the Dow Jones Industrial helped keep the blue-chip index in positive territory.
