Stock Market Today – 5/9: Stocks Futures Plunge As Growth Worries Accelerate

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The Street

By Martin Baccardax Stocks will extend their longest weekly losing streak in a decade Monday as Fed rate hike worries give way to stagflation bets and a renewed slump for the tech sector. U.S. equity futures slumped lower again Monday, while the dollar breached a fresh 20-year high and Treasury yields extended their recent gains, as investors sailed into a wall of worry linked to a slowdown in China, surging inflation and an aggressive Federal Reserve in the U.S. and a worrying escalation in Russia’s war on Ukraine in Europe. With last Friday’s sell-off on Wall Street, which extended the longe…

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