Stocks Lower, Meta, Spirit, Ford, Apple In Focus-5 Things To Know


Here are five things you must know for Thursday, July 28:

1. — Stock Futures Lower With Earnings, GDP Data In Focus 

U.S. equity edged lower Thursday, following on from the strongest single-session gain for tech stocks in more than two years, as investors sift through details of the Federal Reserve’s back-to-back jumbo rate hikes and brace for a key reading of second quarter growth prior to the start of trading.

Fed Chairman Jerome Powell repeated his commitment to fighting the fastest inflation in more than four decades when he explained the rationale for the central bank’s second consecutive 75 basis point rate hike — past of the most aggressive Fed tightening since the early 1980s — but sounded caution on the state of the broader economy and appeared to leave the door open for smaller hikes, or even a pause in rate increases, over the final months of the year.





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