U.S. stock futures were down on Wednesday evening after a weak regular trading session due to persistent inflation concerns. Futures on the Nasdaq 100 (NDX), the S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) were down 0.2%, 0.18%, and 0.23%, respectively, at 6:28 p.m. EDT on March 18.
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Forget margin or options. Here's how the pros trade QQQMajor indices fell sharply on Wednesday after Fed Chair Jerome Powell warned that rising oil prices could pressure inflation expectations. Overall, the Dow Jones, the S&P 500, and the Nasdaq dropped 1.63%, 1.36%, and 1.46%, respectively.
Looking ahead, on the economic front, weekly jobless claims are due Thursday morning, along with the latest Philadelphia Fed Manufacturing Index. Also, Alibaba (BABA), FedEx (FDX), and Darden Restaurants (DRI) will report earnings tomorrow.