Futures slide after Musk's warning on economy ✔️ Stratford Management Tokyo Japan

June 3, 2022
Posted by: Stratford Team
Category: Economy

The Nasdaq logo is displayed at the Nasdaq Market site in New York, U.S., May 2, 2019. REUTERS/Brendan McDermid

Futures down: Dow 0.28%, S&P 0.38%, Nasdaq 0.61%

June 3 (Reuters) – U.S. stock index futures fell on Friday, after Tesla CEO Elon Musk said he had a “super bad feeling” about the economy, fueling fresh worries that aggressive policy tightening by the Federal Reserve could tip the economy into a recession.

Tesla Inc (TSLA.O) shares fell 3.4% in premarket trading after Musk said he wants to cut about 10% of jobs at the electric-car maker, and warned about the economy in an email to executives seen by Reuters. read more

The tech-heavy Nasdaq 100 futures turned negative and were last down 79.25 points, or 0.61%.

“Musk has a tendency to say exactly what he thinks and believes, and he does have a fair point,” said Fiona Cincotta,…

Futures slide after Musk’s warning on economy