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Benzinga
Benzinga
Business
Shanthi Rexaline

US Stocks Poised For More Pain On Friday As Nasdaq, S&P 500 Futures Plunge — Recession Worries Take Hold After Fed Rate Hike

The major U.S. index futures are sharply lower on Friday, signaling that stocks could fall for a fourth straight session in the aftermath of the Fed decision. The markets are staring at the possibility of ending the week with significant losses.

Stocks fell yet again on Thursday, with the selling particularly severe among consumer discretionary, financials, IT and material stocks — while financial stocks found some buying interest.

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