U.S. stock futures edged up, starting May on a positive note after major indexes logged their worst month since the pandemic began.
Futures tied to the S&P 500 rose 0.4% after the broad-market index closed down 3.6% on Friday. Nasdaq-100 futures added 0.5%, pointing to a moderate rebound in technology stocks after the opening bell.
Investors are awaiting the Federal Reserve’s policy meeting on Wednesday for more signals on the pace of monetary tightening, with markets anticipating another rate increase to counter the highest inflation in decades. The war in Ukraine and a Covid-19 outbreak in China threaten to further snarl supply chains and boost prices more.
Investors sold stocks last month, but on Monday “they’re now rebounding a bit, there’s a buy the dip mentality,” said
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