Global stocks flatlined on Thursday, showing some stability after the minutes of the Federal Reserve’s most recent meeting confirmed the market’s view that bigger rate rises are coming in order to cool down inflationary pressures.
Futures on the S&P 500 and Dow Jones eased in volatile trade, dipping 0.2% and 0.1%, respectively, while those on the Nasdaq 100 fell by 0.5%. US stocks closed higher Wednesday after the minutes showed the central bank will stick to aggressive interest rate hikes in the near term and then gauge the economy’s response.
