Dow Futures Rise Subsequent to Indices' Extinction

Futures for U.S. shares were trading higher on Monday evening, after key benchmark indexes extended down for a sixth consecutive day as investors continued to flee amid increasing interest rates and recession fears.

Dow Jones Futures, S&P 500 Futures, and Nasdaq 100 Futures were all trading 0.2% higher about 7:20 p.m. ET (11:20 p.m. GMT) on Tuesday.

Tuesday's session will be dominated by the CB consumer confidence, the house price index, and durable goods orders.

In the meantime, mounting currency fears are further lowering risk appetite as the US Dollar surged to fresh record highs against the British pound and to 20-year highs against the Euro in the wake of last week's aggressive interest rate hikes by the U.S. Federal Reserve.

The Dow Jones Industrial Average plummeted 239.6 points, or 1.1%, to 29,260.8 during normal trade on Monday, touching its lowest level since November 2020. The S&P 500 plummeted 38.2 points, or 1%, to 3,655.1, its lowest closing since December 2020, while the NASDAQ Composite slid 65 points, or 0.6%, to 10,802.9, extending to three-month lows.

On the bond markets, 10-Year United States interest rates were 3.928%, barely below 12-year highs.