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WASHINGTON (dpa-AFX) - After turning mixed over the course of the previous session, stocks are likely to come under pressure in early trading on Tuesday. The major index futures are currently pointing ....
WASHINGTON (dpa-AFX) - Following the mixed performance seen in the previous session, stocks have moved mostly lower in morning trading on Tuesday. With the drop on the day, the Dow and the S&P ....
(Bloomberg) Stocks posted their biggest decline in a month amid concern that the global economic recovery will lose momentum with further shutdowns to contain a coronavirus resurgence. Traders watched closely Federal Reserve Chair Jerome Powell’s remarks during a town hall with educators and students, where he noted the central bank’s “powerful tools” have limitations. Powell also said that Covid-19 will likely stay “for a while,” and we’re not going back to a pre-pandemic economy. Policy makers will gather next week for the Jackson Hole symposium, the Fed’s most-prominent annual conference. “We’re essentially in a bit of a holding period ahead of Jackson Hole,” wrote Craig Erlam, senior market analyst at Oanda Europe. “While there is a fair amount of data releases this week, some of which may carry a little more weight than others, it’s all about the Fed in these markets at the minute, and that’s unlikely to change unless the delta situation gets dramatic ....
Investors seek Fed guidance on how close it might be to tapering stimulus; Nvidia and Walmart report earnings this week; T-Mobile investigates claims of a data breach. ....