Futures muted as Wall St heads for worst quarter since 2020 – Reuters.com

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., March 30, 2022. REUTERS/Brendan McDermid

March 31 (Reuters) – U.S. stock futures were subdued on Thursday as investors focused on the raging conflict in Ukraine and the outlook for U.S. interest rate hikes, with the main indexes on course for their worst quarterly performance since the pandemic crash in 2020.

Much of the optimism seen earlier this week around the peace talks faded as Ukrainian forces prepared for fresh Russian attacks in the southeast region. The countries will resume peace talks online on April 1. read more

Oil majors Exxon Mobil (XOM.N) and Chevron (CVX.N) both fell nearly 2% in premarket trading, tracking a 5% tumble in crude prices after news that the United States was considering a record release of reserves.

Still, the S&P 500 energy index (.SPNY) is the top sectoral performer this quarter, headed for its best quarterly show ever as oil prices have rallied due to…

Read Full Story: https://www.reuters.com/world/us/futures-muted-wall-st-heads-worst-quarter-since-2020-2022-03-31/

The post Futures muted as Wall St heads for worst quarter since 2020 – Reuters.com first appeared on SEO, Marketing and Social News | OneSEOCompany.com.

source: https://news.oneseocompany.com/2022/03/31/futures-muted-as-wall-st-heads-for-worst-quarter-since-2020-reuterscom_2022033117138.html

Your content is great. However, if any of the content contained herein violates any rights of yours, including those of copyright, please contact us immediately by e-mail at media[@]kissrpr.com.