The stock exchange day: Big minus expected on Wall Street

The stock market day
Big minus expected on Wall Street">

(Photo: AP)

A second look at the Fed’s rate hike prompts investors on US-Futures-Market to sales. The futures contracts on the share indices are up to almost three percent in the red. The US Federal Reserve had raised interest rates by 0.75 percent, a figure that had not been expected until last Friday’s inflation data. In addition, Fed Chair Jerome Powell made it clear that a rate hike of a further 75 basis points is conceivable in July.

Twitter are up 2.6 percent premarket after The Wall Street Journal reported that Tesla CEO Elon Musk is likely to confirm his takeover plans for Twitter at an all-hands meeting of the short message service.

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