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.
  • The moves in futures come as the stock market appears to have found some stability this week, at least for the short term.
  • Economic data will be a key focus on Friday, as investors try to determine if the U.S. economy is falling into a recession.
  • “Wall Street won’t have any answers anytime soon for the questions on when will inflation peak, how soon will we see a recession, and how high will the Fed raise rates?” 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.

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