Stock futures fell late Wednesday as Wall Street sought stability after some wild swings in recent days.
Futures and Dow Jones Industrial Average A loss of 112 points, or about 0.3%. S&P 500 Index Futures fell 0.5%, while Nasdaq 100 Futures down 0.7%.
The move in futures comes after stocks failed to sustain early gains on Wednesday, raising concerns that the factors that led to Monday’s sell-off have not yet disappeared. this S&P 500 Index Down 0.77% Nasdaq Index down 1.05%. 30 stocks Dow Chemical It fell about 234 points, or 0.60%.
All three averages have declined in four of the last five sessions.
Joseph Ferrara, investment strategist at Gateway Investment Advisers, said the recent market volatility could be a preview of the rest of the year. Ferrara told CNBC on Wednesday that economic concerns, geopolitical conflicts and the upcoming November elections could make investors nervous in the coming months.
“Given all of these factors and more – some known, some unknown – I think investors should adjust their portfolios, maybe not defensively, but for the period between now and then,” Ferrara said. Be prepared for increased volatility toward the end of the year Gateway is a Natixis affiliate.
One of the reasons for Monday’s sharp market sell-off was Friday’s jobs report, which showed slowing job growth. As a result, traders may be watching Thursday’s weekly jobless claims more closely for potential increases in layoffs.
“I think investors are still trying to understand the state of the U.S. economy and the financial health of companies,” Ferrara said. “I think consumers are going to be the focus of a lot of headlines between now and the end of the year.”
Corporate earnings are also likely to be a major factor in Thursday’s market moves. Warner Bros. Discovery and Bumble Both companies saw a decline in extended trading after reporting weak second-quarter revenue results.
Companies scheduled to report earnings Thursday morning include Eli Lilly and Company and Under Armor.
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