Stock futures plunge the morning after the Federal Reserve increased interest rates by the most since 1994 and said more hikes were coming.
The major futures indexes suggest a drop of nearly 2.00%, or more than 500 Dow points when the opening bell rings.Traders work on the floor of the New York Stock Exchange.
Oil prices turned choppy Thursday morning following a steep drop in the previous session, supported by tight oil supply and peak summer consumption. The economic agenda consists of reports on weekly jobless claims, housing starts and permits and manufacturing in the mid-atlantic region.In Asia, Japan's benchmark Nikkei 225 added 0.4%, Hong Kong's Hang Seng shed 2.2% and China's Shanghai Composite fell 0.6%.Elon Musk will talk
Tesla shares are down more than 3% in premarket trading on reports the electric automaker is raising prices significantly across its entire lineup with some models going up by as much as $6,000, according to Electrek.
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