Stock futures rose Friday, suggesting markets could stage a relief rally at the end of a punishing week of losses across major indexes. The stock market’s selloff this week came as investors have had to reckon with the growing risk of a recession. Jerome Powell acknowledged that getting inflation under control could create a short-term hit to the economy, saying ‘the process of getting inflation down to 2% will also include some pain’ On Friday, technology stocks were among those that led the rebound. Bitcoin climbed 5.7% to about $30,205, but the beleaguered stablecoin TerraUSD continued to spiral lower, trading at 11 cents. The dollar trimmed some of its recent steep gains after the DXY Index hit a 19-year high of 104.9250 . . .
Read more at www.morningstar.com
