Traders are traded on the New York Stock Exchange (NYSE) in New York, USA, May 13, 2022.

Brendan McDermid | Reuters

Futures on US stock indexes on Monday were equal during night trading after an unstable session during which the S&P 500 and Nasdaq Composite continued to fall.

Futures futures pegged to the Dow Jones Industrial Average lost 26 points. S&P 500 futures fell 0.8%, while Nasdaq 100 futures remained unchanged.

During regular trading, S&P fell 0.39%. During the volatile session, the benchmark index at one point increased by 0.56%, and at the minimum of the session decreased by about 1%.

The Dow Jones Industrial Average showed similar fluctuations, although the 30-share index rose 0.8% at the close, pushing above Chevron and UnitedHealth.

At the same time, the Nasdaq Composite was effective in the session, as the massacre in technological stocks continued. The high-tech index ended the day 1.2% lower, and is now 28% below its intraday high for all time since November 22nd.

“In a sense, this year’s poor performance for technology and growing companies is to some extent retaliating for the impressive revenues these market segments have recently enjoyed,” UBS said in a note to customers on Monday.

The accompanying wind of the pandemic – a jump in house costs and low interest rates – has since turned into a headwind. Now consumer spending is changing and rates are rising.

“Although we believe that long-term interest rates have peaked so far, growth stocks are still expensive compared to price,” added UBS.

Investors will also monitor key economic data that will appear on Tuesday, with retail sales figures to be covered at 8:30 am Eastern European time and later in the morning – industrial production figures.

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Concerns about inflation have been a growing headwind for stocks, and some investors have worried that the economy could eventually go into recession.

“We are seeing clear indicators of the late cycle, and although the risk of a contraction or recession of economic growth has been steadily increasing during the first four and a half months of this year, we are now beginning to move the probability level leading to recession. the base option for the end of this year and the beginning of next, ”wrote on Monday the president of the Wells Fargo Investment Institute, Darrell Kronk.

The firm added that ultimately it should be a “relatively mild reduction in economic growth and short-term”.

While the bulk of the revenue season is in the rearview mirror, a number of companies are on deck on Tuesday, including Walmart, Home Depot and JD.com.

According to Refinitiv, as of Friday afternoon, with more than 90% of the S&P 500 publishing quarterly results, 78% of companies exceeded profit expectations and 75% exceeded projected revenue.

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