Wall Street set to drop at open after hawkish Bullard remarks By Reuters – Investing.com
- Date: 18-Jun-2021
- Source: Investing.com
- Sector:Economy
- Country:Middle East
Wall Street set to drop at open after hawkish Bullard remarks By Reuters – Investing.com
By Sagarika Jaisinghani
(Reuters) - Futures tracking the and the Nasdaq indexes hovered near record highs on Friday as optimism around a speedy economic recovery overshadowed the Federal Reserve's hawkish stance on monetary stimulus.
Wall Street's main indexes were jolted earlier this week after the Fed unexpectedly signaled it could begin tapering its massive stimulus sooner than expected, setting the benchmark S&P 500 on course to snap a three-week winning streak.
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