U.S. Stock Futures Are Higher With All Three Primary Indexes Up
U.S. stock futures are higher: All three primary equity futures indexes are up and bond yields inching up also. Fears of additional Fed hiking precipitated sharp selloffs in equities last week and investors are concerned about a potential recession driven by higher rates. International markets are trading higher with positive sentiment from U.S futures. Energy prices are higher as WTI rose roughly 2% following declining last week due to fears of demand slowdowns. High yield spreads & yields hit 52-week highs on Friday and investment grade spreads inched up but remained below highs.