E-mini S&P 500 Sellers Eyeing Psychological Support at 4000
- Date: 01-May-2022
- Source: Yahoo News
- Sector:Financial Markets
- Country:Gulf
E-mini S&P 500 Sellers Eyeing Psychological Support at 4000
June E-mini S&P 500 Index futures closed sharply lower on Friday as investors reacted to numerous factors including weak sentiment, a shrinking U.S. economy, high inflation and widely anticipated aggressive Fed rate hikes. Compounding these domestic issues are the COVID-related lockdowns in China and worries surrounding the invasion of neighboring Ukraine.
On Friday, June E-mini S&P 500 Index futures settled at 4127.50, down 156.00 or -3.78%. Additionally, the S&P 500 ETF Trust ETF (SPY) finished at $412.04, down $15.77 or -3.69%.
U.S. Gross Domestic Product (GDP) unexpectedly declined at a 1.4% annualized pace in the first quarter, marking an abrupt reversal for an economy coming off its best performance since 1984, the Commerce Department reported Thursday.
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