U.S. stock futures pointed to a stronger start Thursday, in what’s becoming an increasingly volatile market due to uncertainty over the spread of coronavirus and the direction of interest rates.
What’s driving markets Market sentiment soured Wednesday after the confirmation of the first U.S. omicron variant case, which sent the S&P 500 below its 50-day moving average for the first time since Oct. 13. It also came as Fed Chair Jerome Powell, for a second day, brought up the prospect of a quicker taper, which in turn sets the stage for more, and faster, interest-rate hikes.
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