Stocks Edge Lower, Novavax, WDC, Denver Broncos -5 Things To Know

Here are five things you must know for Wednesday, June 8:

1. — Stock Futures Lower As Stagflation Worries Mount

US equity futures slipped lower Wednesday, while oil prices and the dollar continued to climb, as investors continued to navigate the impact of surging inflation and central bank tightening on global economic growth.

The OECD, in fact, slashed both its US and global growth forecasts on Wednesday, while doubling its inflation estimate, but noted that it doesn’t yet see the risk of stagflation that some analysts suggest could characterize the world economy over the second half of the year.

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