As the market sputters due to concerns about rising rates, stock futures drop to start September

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Last Updated on September 1, 2022 by Bitfinsider

On Thursday, the first day of September, U.S. stock futures declined as investors continued to worry about the possibility of rising Federal Reserve rates.

Futures for the Dow Jones Industrial Average dropped 143 points, or 0.4%. Futures for the S&P 500 and Nasdaq 100 fell 0.4% and 0.7%, respectively.

The actions were made when the 2-year U.S. Treasury yield increased to 3.516% on Thursday, which was its highest level since November 2007.

After the chipmaker claimed that the U.S. government is banning some sales in China, Nvidia shares also added to the losses, dropping more than 5% in premarket trade.

The major averages have lost for four days in a row. Wednesday, the last day of August, saw the Dow decline by almost 0.9%. The Nasdaq Composite declined approximately 0.6%, while the S&P 500 lost about 0.8%.

The S&P and Nasdaq both saw monthly losses of 4.2% and 4.6%, while the Dow ended the month down approximately 4.1%.

After considering recent hawkish remarks from Fed officials who show no indications of easing off on interest rate hikes, investors are discussing whether equities will once more challenge the June lows in September, a historically bad month for markets.


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Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.


Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.

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