- Investors watched the federal reserve minutes for additional cues on whether rates would remain higher for longer as global equities continued to decline and US index futures dropped.
- Following the largest one-day decline in two months for the underlying indices, contracts on the S&P 500 and Nasdaq 100 indexes both fell 0.2%. Treasury prices changed. European equities fell as concerns over earnings disappointments grew. While oil futures fell, the dollar increased for a second day.
- A selloff in stocks has intensified amid rising indications that central banks around the world are still battling inflation. This is highlighted by many hawkish remarks made by Fed officials last week. Any excitement regarding China's reopening is being outweighed by escalating geopolitical tensions and earnings shocks. At 2 p.m. Eastern Time on Wednesday, the minutes of the US central bankers' meeting from January 31st to February 1st will be released, which could disclose how many of them believe that more rate increases are necessary.
