Stock futures surge when the S&P 500 closes in an official bear market

• Futures on the Dow Jones Industrial Average increased by 67 points or 0.2 percent.
• Futures on the S&P 500 and Nasdaq 100 rose 0.3 percent and 0.5 percent, respectively.
• The S&P 500 fell 3.9 percent to its lowest level since March 2021, plunging more than 21% from its January high.

On Monday night, US stock futures surged as the S&P 500 fell back into bear market territory ahead of the Federal Reserve’s two-day policy meeting this week.

Futures on the Dow Jones Industrial Average increased by 67 points or 0.2 percent. Futures on the S&P 500 and Nasdaq 100 rose 0.3 percent and 0.5 percent, respectively.

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These changes followed the heavy selling of equities on Wall Street during the regular session. The S&P 500 fell 3.9 percent to its lowest level since March 2021, plunging more than 21% from its January high.

Meanwhile, the Dow fell more than 876 points, or 2.8 percent, falling almost 17 percent from its all-time high. The Nasdaq Composite fell roughly 4.7 percent, or more than 33%, from its November high.

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Investors are bracing for a higher-than-expected interest rate hike this week after  Steve Liesman reported on Monday that the Federal Reserve will “likely” consider a 75-basis-point increase, which is higher than the 50-basis-point increase many traders had come to expect. The story was initially reported by the Wall Street Journal.

Following last week’s inflation figures, which showed prices running hotter than expected, some investors anticipate a more hawkish tone from the central bank. Stock futures