Daily Stock Market News

Stock Market Today- 1/28: Stocks Extend Slump Despite Apple Boost

U.S. equity futures slumped lower again Friday, with market volatility gauges holding at nearly fifteen months highs, as investors look to close out another wild week of trading on Wall Street that has pulled the broadest measure of domestic stocks deeper into correction territory.

The Federal Reserve’s hawkish stance on rates and inflation from earlier this week, coupled with a disappointing earnings season and suggestions of slowing economic growth have pulled global stocks lower this week, while added market volatility — much of it linked to equity options trading — has whipsawed the Dow into triple-digit intra-day swings for much of the past week.

Read More: Stock Market Today- 1/28: Stocks Extend Slump Despite Apple Boost

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