Stock futures rise as Wall Street looks to snap a three-week losing streak

Stock futures rise as Wall Street looks to snap a three-week losing streak

Jun 24, 2022 by CNBC

Key Facts

  • Stock futures gained Friday as Wall Street looked to grind out a rare positive week in what has been a rough first half of the year.
  • Still, the firm's chief economist pointed to troubling signs in the bond market, which is pricing in a "higher risk of a recession" just as the Federal Reserve shifts to a more aggressive stance against inflation.
  • STOCK PICKS AND INVESTING TRENDS FROM CNBC PRO: The consumer sentiment reading could be particularly important for investors, as Federal Reserve Chair Jerome Powell said that a surprise drop in the preliminary reading was one of the reasons the central bank hiked its benchmark interest rate by three-quarters of a percentage point earlier this month.
  • "Recession talk remains the focal point on Wall Street and that means whatever stock market rebounds emerge will probably be short-lived," Oanda senior market analyst Ed Moya said in a note.

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