Futures are lower following the S&P's best weekly performance of the year (sparked by dovish comments by Fed chair Powell during the last FOMC) which sent the market up +2.3%. At 7:50 am, S&P futures were 0.4% lower and Nasdaq futures dropped 0.6%, dragged by MegaCap tech names which were mostly lower with AMD and Intel down more than 2% after the FT reported they are being banned from the Chinese government computers; NVDA swung from gains to losses after a report that Google, Intel and QCOM execs plan on battling NVDA on AI dominance (well what else can they do?).
Equities pause as markets await new clues investmentnews.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from investmentnews.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) — US stocks were poised to open lower after last week’s strong rally as investors assessed the outlook for corporate earnings ahead of key data from the US that may give further clues on the Federal Reserve’s policy path. Futures on the S&P 500 fell 0.3% after Wall Street’s best weekly performance this year.…
Gains in European Stocks Fade Into the Close as US Data Weighs bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.