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In line with weak global markets, US equities are looking to open lower this morning. Two hours before the bell sounds S&P 500 futures are down 8.2 points at 1,086 and the Dow is off 68 points to 10,259. Following the trend, commodity prices are also weaker. WTI Crude oil is trading 52 cents lower at $77.53 per barrel and Spot Gold is down $4.95
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New 13-month peaks early in the week and now . . .hesitation. Ninety minutes before the opening bell, S&P 500 futures are off 10 points to 1,098 and Dow futures are 66 points lower at 10,338. With equities taking a dip, other assets considered risky are following suit. WTI Crude is trading 70 cents lower at $78.88 per barrel and Spot Gold is $10
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Sitting comfortably at 13-month highs, equities are beginning the day moving sideways ahead of data on inflation and the housing market. The Dow looks to open 21 points higher at 10,419 and the S&P 500 is 2.5 points up at 1,110. The dollar index index is down 0.50% to 75.0, 37 cents below Tuesday’s close. Its weakness continues to boost commodity
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Equity markets are looking down before the bell but the losses are modest compared to the Monday rally. S&P 500 futures are off 2.1 points to 1,104 and Dow future have shed 5 points to 10,363. On Monday investors pushed the S&P up nearly 16 points, or 1.45%, to a new 13-month high. The Dow saw a 1.33% gain to 10,407. Meanwhile, emerging from
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The week begins with a bang but ends with a whimper. A storm of data hits markets on Monday with retail sales an hour before the opening bell, plus the first look at November manufacturing and business inventories. To top off the day, Fed chairman Ben Bernanke gives a talk during the lunch hour a little after dual Treasury auctions. Later in the week
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With the Dow climbing for six consecutive days and breaking fresh 13-month highs, the 0.91% sell-off yesterday was prompted more by timely profit-taking rather than plunging sentiment. After a one-day break, investors are already back in buy-mode this morning, as all three indexes are looking modestly higher. The question will be whether that confidence
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In terms of data releases the week is only beginning now. Stocks have been rising this week led by the Dow hitting a 13-month high Tuesday and continuing to climb yesterday, but the drivers have been from outside the US economy. This morning the market is looking more cautious ahead of weekly jobless claims and the monthly deficit figures, as neither
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Investors look hesitant to keep the rally going. The S&P 500 has climbed 5.5% on six straight days of gains and the Dow hit a 13-month yesterday at 10,226, but Tuesday’s future market shows both markets retrenching. Meanwhile, stocks in Asia and Europe are all modestly higher. Though Tuesday offers no major economic data, there’s plenty
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The week ahead is extremely light on new data, with virtually nothing from the US hitting markets until the jobless claims report on Thursday morning. Coupled with the labor data are two reports on the nation’s debt, the budget gap and the trade deficit ― both are which are expected to be rising. That’s not to say it will be a quiet week
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Trading is cautious ahead of the month’s most important indicator. Equities jumped more than 2% on Thursday on optimism for the labor market and positive earnings from blue-chip companies, but sentiment is more cautious in the final hour before nonfarm payrolls. Dow Futures continue to dance around the 10k level while S&P 500 futures trade