Stocks Set To Open Higher After Worst Week Of The Year, Retail Earnings In Focus

March S&P 500 futures (ESH23) are trending up +0.46% this morning after three major U.S. benchmark indices closed lower on Friday as stronger-than-expected U.S. economic data fueled expectations of more aggressive rate hikes from the Federal Reserve. Three major U.S. stock indexes were weighed down primarily by losses in the Technology, Consumer Services, and Healthcare sectors. In Friday’s trading session, Wall Street’s major indexes posted their biggest weekly drop of 2023, with the S&P 500 dropping to a 5-week low, the Dow shedding to a 2-month low, and the Nasdaq falling to a 4-week low. D…

Read More