Futures Files
Commodities, stocks crushed by higher rates Rising interest rates and fear of a recession knocked the legs out of most commodities, stocks and bonds futures contracts that came in waves of selling throughout the week. Early Tuesday, a shocking increase in core inflation—double what had been expected by analysts—was announced and it triggered the first huge sell-off in stock index futures. The Dow Jones futures contract was down 3,000 points on the week. As of noon Friday, gold was down $80 per ounce, while the U.S. dollar, which tends to move opposite everything else, was sharply ...