U.S. stock futures rose Tuesday, continuing a rally from the year's lows despite the ongoing Russia invasion of Ukraine and an increasingly hawkish Federal...
U.S. stock futures rose Tuesday, continuing a rally from the year’s lows despite the ongoing Russia invasion of Ukraine and an increasingly hawkish Federal Reserve.
What’s happening On Monday, the Dow Jones Industrial Average DJIA dropped 201 points, or 0.6%, to 34553, pressured by a crash of a Boeing BA jet, while the S&P 500 SPX finished fractionally lower at 4461 and the Nasdaq Composite COMP slipped 0.4%, or 55 points, to 13838. It came on a day when Federal Reserve Chair Jerome Powell said the central bank could make half-point rate hikes, if necessary, during this tightening cycle.
What’s driving markets Russia intensified air and sea attacks across Ukraine, as President Joe Biden encouraged U.S. companies to harden their cyber defenses against Russia. Separately, the Okta OKTA authentication company said it was investigating images purporting to show a hack of their internal system, though the hacking group is believed to be based in Brazil.
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