U.S. stock futures opened little changed Thursday evening after a sharp sell-off on Wall Street, as concerns over the Federal Reserve’s ability to bring down inflation while maintaining solid economic activity resurged.
Contracts on the S&P 500 drifted sideways. This came after the index shed 3.6% during the regular trading day, as technology stocks underperformed. The Nasdaq dropped 5% for its worst day since June 2020, and the Dow lost more than 1,000 points.
Stocks’ violent swing from gains…
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