Seaport Securities founder Teddy Weisberg and Carnivore Trading CEO Dutch Masters are discussing whether there are safe places for investors in The Claman Countdown.
US stock futures traded dramatically lower before the last trading day of the first half of the year.
Major futures indexes fall more than 1% when trading begins on Wall Street.
This comes a day after the US economy shrank more than expected.
Traders work on the floor of the New York Stock Exchange (NYSE) in New York. (REUTERS / Brendan McDermid / Reuters Photos)
Wall Street’s S&P 500 benchmark fell 0.1 percent on Wednesday after data showed the U.S. economy contracted in the first quarter amid high inflation and weakening consumer confidence.
Investors are worried about signs that the world’s largest economy may be in recession due to rising interest rates to cool rising inflation.
GDP contraction deepens, giving fresh clues to a recession in a rising inflation
The 10-year-old treasure is trading at 3.06%.
The cashier returns the change to a customer after a transaction in a Target Corp. store. in Colma, California. (Photographer: David Paul Morris / Bloomberg via Getty Images / Getty Images)
Traders will watch key economic reports on Thursday morning, including unemployment claims, income and expenses for May and the core PCE, which is the preferred measure of inflation by the Federal Reserve.
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Bitcoin is trading below $ 20,000.
In Asia, the Nikkei 225 in Tokyo fell 1.4%, the Hang Seng in Hong Kong rose 0.2% and the Chinese Shanghai Composite Index rose 1.4% after rising the official monthly factory performance indicator and improving new orders.
Ticker security Last change Change% I: DJI DOW JONES AVERAGE 31029.31 +82.32 + 0.27% SP500 S&P 500 3818.83 -2.72 -0.07% I: COMP NASDAQ COMPOSITE INDEX 11177.8 -3.305%
On Wednesday, the S&P 500 fell to 3,818.83, the Dow Jones Industrial Average rose 0.3% to 31,029.31. The Nasdaq index fell less than 0.1% to 11,177.89.
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In the energy markets, US crude oil traded at about $ 109 a barrel in e-commerce on the New York Mercantile Exchange. The contract fell $ 1.98 on Wednesday to $ 109.78. Brent crude, the price base for international oil trading, was trading at about $ 115 a barrel in London. He dropped $ 1.72 for the previous session to $ 116.26. per barrel.
The Associated Press contributed to this report.
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