US futures rebound after Dow plunges below 30,000 as central banks spark recession fears

Harry Robertson / MARKETS INSIDER 

 

US futures rebounded Friday after a sharp sell-off on Wall Street saw the Dow plunge below 30,000.

• Interest rate hikes from three major central banks this week have added to fears that a recession may be looming.
• Asian stocks followed Wall Street lower overnight, while oil prices and the dollar rose. 

US futures rallied Friday after a brutal sell-off the day before sent the Dow Jones below 30,000 for the first time early 2021, as central banks' rate hikes sparked fears about a global recession .

Dow Jones futures were up 0.85% as of 5.05 a.m. ET, as investors looked to finish the week on a brighter note. S&P 500 futures were up 0.97%, while Nasdaq 100 futures were 1.12% higher. Elsewhere in markets, European stocks also attempted a recovery, but Asian shares followed Wall Street sharply lower overnight. Oil prices rose slightly, as did the dollar and cryptocurrencies. Read more and see video here.

79 Buses Dropped Illegal Migrants Off on Biden’s Front Steps

Sarah Arnold / Townhall Tipsheet

President Joe Biden’s open-border polices have caused an open-border problem, allowing thousands of illegal aliens to cross over into the U.S. bringing drugs and sex-trafficking along with them. 

Earlier this year on April 6, Gov. Greg Abbott (R-TX.) announced he would bus all illegal migrants 1,700 miles from his state to Washington D.C., so that the Biden administration would be forced to deal with the crisis. 

“We are sending them to the United States capital where the Biden administration will be able to more immediately address the needs of the people that they are allowing to come across our border,” Abbott said. 

According to the Washington Examiner, as of June 15 red states Texas and Arizona have sent over 79 buses loaded with more than 2,500 illegal migrants to D.C.

The migrants voluntarily took the free trip across the country once they…Read more here.