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After quite a bit of rotation and chopping and changing, it was another one-dimensional close for the US stock markets yesterday evening. That is to say, all three major indexes closed in the same direction- higher, albeit a modest affair though. The leader was once again the tech sector and the Nasdaq 100. The index closed 0.19% higher, compared to gains of just 0.09% for the Dow Jones and S+P 500 indexes. The Asian markets are mostly in the Green this morning and that has lifted the Nasdaq 100 futures, coming into the month-end. The index closed last night at 19,789, with a rise of just 37 points on the session. It is right now priced to reopen later today at around 19,875, but that opening call is likely to change one way, or the other ahead of that opening, as we have some important US PCE data later and potential other news and events to impact ahead of the opening
As expected the US stock markets slid into the opening and that has seen more than 2% falls for the Nasdaq 100 and the S+P 500. Meantime, the Dow...
Following on from the previous update, noting the fall in US Q1 flash GDP at the same time as prices have risen, here is some more colour and opinion...
The very important US Q1 GDP estimate and core PCE price index have just been released. The flash estimate for Q1 GDP has shown a fall of 0.3% . That...
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