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US stock futures are climbing this morning ahead of the release of retail sales data from the US Department of Commerce as traders appear to be exhausting their ammunitions to trim this week’s losses. As of yesterday, the top stock indexes were booking their worst week in months, with the S&P 500 and the tech-heavy…
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Yesterday, the US Bureau of Labor Statistics reported the highest annualized inflation in the country since the days of the financial crisis and the markets have reacted quite negatively to the development even though economists have warned that this was a plausible risk resulting from the government’s unprecedented intervention to support the economy during the…
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Tech stocks are set to drop for a second day today as indicated by the performance of E-mini futures of the Nasdaq 100 index, which are sliding 1.4% at 13,176.5 in early futures trading action. Inflation concerns, an ongoing sectorial rotation, and an uptick in US Treasury yields may be responsible for the decline in…
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US stock futures are trading mixed today in early futures trading action as investors await the release of multiple relevant economic data points and earnings from top corporations in and outside the United States. So far this morning, E-mini futures of the Dow Jones Industrial Average (DJIA) are up 0.33% at 34,799 while those of…
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US stock futures are retreating slightly this morning in early futures trading action ahead of a week that will offer lots of data to digest including earnings from hundreds of publicly-traded companies, readings from the housing market, and comments from the Federal Reserve’s Open Market Committee (FOMC). US Treasury yields are possibly contributing to today’s…
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FAANG stocks, an acronym used to refer to the shares of some of the largest publicly traded tech companies in the United States, have stood near all-time highs in the past few sessions despite the Nasdaq’s recent slide. However, that situation could change once the market opens as Netflix (NFLX) is down nearly 10% in…
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US stock futures are starting the week on a negative tone as they are sliding slightly from last week’s record highs while investors await more earnings reports from top corporations including Coca-Cola (KO) and United Airlines (UAL). The three major indexes in the United States ended last week at record highs, with the S&P 500…
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The Sports betting industry is among the fastest-growing sectors globally. The growth is largely fueled by brick and mortar betting shops’ closure due to the Covid19 pandemic. Most land-based gaming companies are now exploring the online sports betting industry more than ever before. The advancement of sports betting technologies is also a major contributor to…
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US stock futures are heading down slightly this morning as traders await the release of the results from the auction of 3-year and 10-year US Treasury notes to gauge the market’s appetite for government bonds and its corresponding impact on yields. After closing the week with a 2.7% gain, E-mini futures of the S&P 500…
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US stock futures are starting the week with a positive tone after Friday’s jobs report, as the United States managed to add more than 900,000 positions during March, effectively topping analysts’ expectations for the month. According to data from the Bureau of Labor Statistics, the country’s unemployment rate went down to 6% during the month,…
