ProShares Trust Ultra VIX Short Term Futures ETF UVXY

Futures Trade Near Session Highs After Last Week's Rout

[thegreenmile656]

https://www.zerohedge.com/markets/futures-trade-near-session-highs-after-last-weeks-rout-cpi-fomc-loom

Futures Trade Near Session Highs After Last Week's Rout With CPI, FOMC On Deck

by Tyler Durden

Monday, Dec 12, 2022 - 07:55 AM

After tumbling on Friday and slumping for 9 of the past 11 days, US stock futures staged a modest rebound after opening lower ahead of a crunch week for markets, which also is the last real week of 2022, with investors bracing for the release of US inflation data tomorrow and the Federal Reserve’s 50bps rate hike on Wednesday. Contracts on the S&P 500 and the Nasdaq 100 were up 0.2% and 0.3%, respectively, as of 7:30 a.m. ET; the underlying indexes both ended down last week, snapping a two-week winning streak. The S&P 500 had its biggest weekly decline since September last week; the Nasdaq 100 has already receded 3.9% this month, while the S&P 500 is down 3.6%.



In premarket trading, Rivian Automotive fell after the electric vehicle maker said it would walk away from plans to jointly build vans in Europe with Mercedes-Benz. Amgen slipped after reports the biopharmaceutical company had agreed to purchase Horizon Therapeutics at a valuation of $26 billion. Coupa Software jumped on a report that Thoma Bravo was in advanced talks to acquire the company.