Dow futures sink over 300 points, as investors dial back hopes for the Fed to switch course on rate hikes

Dec 16 2022 by Business Insider

 
Traders work on the floor of the New York Stock Exchange

Scott Heins/Getty Images

Dow futures sank over 300 points Friday as US stocks looked set for another day of steep losses.  Investors are waking up to the reality the Fed will push borrowing costs above 5%, analysts said. A bigger-than-expected drop in retail sales underlined that a recession is set to hit the US.

US stock futures slid on Friday as hopes waned that the Federal Reserve would soon change course on its aggressive interest...

Continue Reading Dow futures sink over 300 points, as investors dial back hopes for the Fed to switch course on rate hikes