
Investors Brace for Market Stress as Fed Signals More Hikes Ahead
Dow Jones futures fell modestly Thursday morning, along with S&P 500 futures and Nasdaq futures. China cut rates amid fresh disappointing economic data. The stock market rally showed resilience Wednesday. Indexes initially gave up ground on a surprisingly hawkish Federal Reserve rate-hike outlook, but closed mixed on relatively dovish comments from Fed chief Jerome Powell. A slew of medical products and systems makers flashed buy signals Wednesday, after Dow Jones insurance giant UnitedHealth warned that patients are spending more on medical procedures. Homebuilder Lennar reported earnings after the close.

