Stock futures fell Thursday evening as investors parsed earnings reports and awaited more economic data due Friday. Futures tied to the Dow Industrial Average fell 49 points, or 0.14%. S&P 500 futures and Nasdaq 100 futures were down 0.31% and 0.53%, respectively.What stock could impact the Dow on Monday?
Dow futures are down about 50 points, or around 0.2%, while Nasdaq 100 futures have dipped about 0.3%. One stock that could impact the Dow on Monday is drugmaker Amgen. The Wall Street Journal reported on Sunday night that Amgen is in advanced talks to buy Horizon Therapeutics.Why did stocks fall Friday?
Stocks fell Friday as a strong jobs report worried some investors that the Federal Reserve would keep hiking rates. Still, the S&P 500 notched its fourth weekly gain in five weeks as investors bet falling inflation is ahead.What is the end rate in the Fed Funds futures market?
In the futures market, traders were betting on an end rate, or terminal rate near 5%. According to rate strategist Ben Jeffery at BMO, the fed funds futures showed a high 4.97% by June, up from 4.89% Thursday.