Market participants are anticipating key inflation data this week, as well as the release of major bank earnings.
U.S. stock futures fell Tuesday after the Nasdaq Composite closed at its lowest in two years during the regular session.
Stocks closed lower Monday, with the Nasdaq Composite falling 1% following a drop in semiconductor stocks. The Dow Jones Industrial Average shed nearly 94 points, or 0.3%, while the S&P 500 declined about 0.8%. Investors weighed comments from JPMorgan CEO Jamie Dimon, who warned that the U.S. would likely fall into a recession over the next "six to nine months," and said the S&P 500 could fall another 20% depending on whether the Federal Reserve engineers a soft or a hard landing for the economy.
Investor reaction is focused solely on how the Federal Reserve will react to the economy as it works to dampen inflation.
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