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U.S. Stocks May Lack Direction Following Recent Volatility
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to show a lack of direction after recovering from early weakness but still closing mostly lower on Monday. Traders may be reluctant to make significant moves amid uncertainty about the near-term outlook for the markets following recent…
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US Index Futures Mixed, Oil Prices Edge Higher
U.S. index futures show a mixed behavior, reflecting the volatility brought about by a recent rise in Treasury yields and the growing market anxiety that the Federal Reserve might adopt a more cautious stance on interest rate cuts than initially anticipated by Wall Street. At 06:00 AM, Dow Jones futures (DOWI:DJI) fell 65 points, or…
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Boeing Faces Strike Threat, Palantir Up 18% After Recording its First Profitable Year, and More
Boeing (NYSE:BA) – The FAA announced that 94% of Boeing 737 MAX 9 planes have returned to service after a suspension caused by an air emergency. The inspections included a detailed review, and investigations are ongoing. The FAA is reassessing its oversight of Boeing, considering possible changes in inspection approaches and relations with the manufacturer.…
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U.S. Stocks Recover From Early Pullback But Still Close Mostly Lower
Following the rally seen over the two previous sessions, stocks showed a significant pullback during morning trading on Monday. The major averages staged a recovery attempt over the course of the afternoon but still finished the day in negative territory. The tech-heavy Nasdaq dipped 31.28 points or 0.2 percent to 15,597.68 after falling as much…
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Crypto: Bukele’s Historic Re-Election in El Salvador, RONIN’s Decline on Binance Listing, and More
Bitcoin at a technical crossroads Bitcoin (COIN:BTCUSD) is displaying its familiar volatility, hovering around $42,660 after briefly touching $43,000 over the weekend. After recovering from the January low of $38,505, Bitcoin is now testing a key resistance level, swinging below a critical threshold defined by Fibonacci levels and horizontal resistance. With a downward trend since…
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Service Sector Activity Report Due
The Institute for Supply Management is scheduled to release its report on service sector activity in the month of January at 10 am ET. The ISM’s services PMI is expected to rise to 52.0 in January from 50.6 in December, with a reading above 50 indicating growth in the sector. At 2 pm ET, Atlanta…
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Fading Rate Cut Optimism May Lead To Pullback On Wall Street
The major U.S. index futures are currently pointing to a modestly lower open on Monday, with stocks likely to give back ground following the rally seen to close out the previous week. Traders may look to cash in on the rally seen over the two previous sessions amid fading optimism about the likelihood the Federal…
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US Index Futures Down, Oil Prices Slide – Market Responds to Powell’s Remarks Ahead of Opening Bell
U.S. index futures are down in Monday’s pre-market, reflecting the impact of Jerome Powell’s statements in a CBS interview on Sunday. The Fed chairman tempered expectations for immediate interest rate cuts, signaling a more cautious approach. This scenario precedes a week full of corporate earnings releases and comes in a context of geopolitical tensions in…
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Santander’s Stock Declines Amid Sanctions Evasion Scandal, Boeing 737 MAX Delivery Challenges, and More
Santander (NYSE:SAN), Lloyds Banking Group (NYSE:LYG) – Shares of Santander and Lloyds plummeted -6.5% and -1.90% in Monday’s pre-market, respectively, following reports that Iran used accounts of these banks to clandestinely transfer money as part of a sanctions evasion scheme. Documents revealed that British shell companies associated with a sanctioned Iranian petrochemical firm utilized these…
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Powell Nixes Hope Of March Rate Cut
Federal Reserve chairman Jerome Powell has poured cold water on hopes of a rate cut in March. In an interview with TV show ’60 Minutes’, Powell reiterated comments from the press conference last Wednesday, that the FOMC would most likely not begin cutting rates in March. “The prudent thing to do is…to just give it…