Pre-open movers
U.S. stock futures traded lower in early pre-market trade on Wednesday after closing mostly lower on Tuesday. The S&P 500 index dropped deeper into a bear market after hitting a fresh 2022 low. The S&P 500 is now down 24.3% from its record level in January, while the Dow is now 21.2% below its record high.
Along with other large banks, Goldman Sachs Group Inc (NYSE: GS) is becoming less bullish on stocks in the near term, saying that markets have not yet factored in the possibility of a worldwide recession.
Pre-open movers
U.S. stock futures traded higher in early pre-market trade on Tuesday after recording losses on Monday. The Dow Jones fell into a bear market on Monday, while the S&P 500 recorded a fresh closing low level for the year.