Dow Futures Up After Indices Tumble Into Bear Market By


© Reuters.

By Oliver Gray – U.S. stock futures were trading higher during Monday’s evening deals, after major benchmark averages tumbled during regular trade, with the S&P 500 closing in bear market territory amid growing recession fears as traders nervously await this week’s key Federal Reserve .

By 6:45pm ET (10:45pm GMT) and were up 0.3% while added 0.6%.

In extended deals, Oracle Corporation (NYSE:) added 13.7% after the company Q4 EPS of $1.54,versus $1.37 expected on revenues of $11.84 billion versus $11.62 billion expected.

Braze Inc (NASDAQ:) added 8.7% after Q1 losses of $0.19 per share, beating expected losses of $0.21 per share, while revenue came in at $77.5 million versus $72.57 million expected.

Ahead in the session, May’s reading is slated for release and will be closely watched. On Wednesday, markets will be focused on the Fed’s , with some investors beginning to anticipate an even faster pace of interest rate hikes after last week’s reports showed prices running hotter-than-expected.

During Monday’s regular trade, the dropped 876.05 points, or 2.79%, the fell 3.88% to 3,749.63, marking its lowest level since March 2021, while the tumbled 4.68% to close at 10,809.23.

On the bond markets, yields shot up to fresh 11-year highs of 3.362%.

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