Futures decline as China COVID cases rise; Disney jumps By Reuters
2022-11-21 19:55:05
more 
1279

(Reuters) - U.S. stock index futures declined on Monday as COVID-19 flare ups in China added to concerns about slowing growth, while shares jumped as investors cheered Bob Iger's surprise comeback as chief executive.

Walt Disney (NYSE:) Co leapt 8.1% higher in premarket trading as Iger's return less than a year after he retired coincided with the entertainment company's attempt to boost investor confidence and profits at its streaming media unit.

U.S.-listed Chinese stocks including JD (NASDAQ:).COM and (NYSE:) Group were down about 5% and 2%, respectively, with the latest wave of COVID-19 cases testing China's resolve to stick to adjustments it has made to its zero-COVID policy.

Attention turns to Wednesday's release of minutes from the U.S. Federal Reserve's November meeting after some officials reiterated the central bank's pledge to continue monetary policy tightening until inflation was in check, in part pushing the three main indexes lower on Friday.

Traders are placing a 19% bet on the Fed hiking its key benchmark rate by 75 basis points in the December policy meeting, with a peak for rates expected in June.

At 5:22 a.m. ET, were down 92 points, or 0.27%, were down 22 points, or 0.55%, and were down 86.75 points, or 0.74%.

Statement:
The content of this article does not represent the views of fxgecko website. The content is for reference only and does not constitute investment suggestions. Investment is risky, so you should be careful in your choice! If it involves content, copyright and other issues, please contact us and we will make adjustments at the first time!

Related News

您正在访问的是FxGecko网站。 FxGecko互联网及其移动端产品是中国香港特别行政区成立的Hitorank Co.,LIMITED旗下运营和管理的一款面向全球发行的企业资讯査询工具。

您的IP为 中国大陆地区,抱歉的通知您,不能为您提供查询服务,还请谅解。请遵守当地地法律。