Shares of Alliant Energy Corp. LNT, -3.08% slipped 3.08% to $56.33 Friday, on what proved to be an all-around grim trading session for the stock market, with the S&P 500 Index SPX, -1.31% falling 1.31% to 4,166.45 and Dow Jones Industrial Average DJIA, -1.58% falling 1.58% to 33,290.08. Alliant Energy Corp. closed $2.77 below its 52-week high ($59.10), which the company reached on June 15th.
Read Next Dow futures sink over 300 points as Fed’s Bullard estimates that initial rate increase could happen in late 2022 U.S. stock-index futures saw losses deepen Friday morning as St. Louis Federal Reserve President Jim Bullard said, during a CNBC interview, that the central bank could lift benchmark interest rates, which currently stand at a range between 0% and 0.25%, as early as late next year. Futures for the Dow Jones Industrial Average undefined were down more than 300 points, or 1%, at 33,366, those for the S&P 500 index undefined were off 0.8% at 4,180, while Nasdaq-100 futures undefined were trading 0.6% lower at 14,068.
The Dow and S&P 500 are headed for weekly declines, while the Nasdaq Composite Index was headed for a weekly gain after the Federal Reserve delivered its most recent policy update on Wednesday. Bullard’s comments mark the first from a Fed member since the conclusion of its rate-setting meeting. Bullard is not currently a member of the Federal Open Market Committee, which helps to set rates. Bullard told CNBC that he thinks “it’s natural that we’ve tilted a little more hawkish to contain inflationary pressures.”
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