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As noted here much earlier this morning, the Dow Jones was the only major US equity benchmark not to close higher on Friday. The contrast between the Dow and the Nasdaq 100 was clear to see and as reported on previously, the Dow flopped whilst the others set records. This was all about rotation into tech ahead of the weekend. So, the Dow Jones handed back 123 points on Friday, when it closed 0.28% lower, at 44,642. The price action so far today has been rather indeterminate and certainly there is no progress just now for the S+P 500 and Nasdaq futures In fact both are slightly in the red right now. So, does that mean we will see a reversal of fortune on the opening later this afternoon for the Dow Jones? Well, it is possible, but at this stage the Dow futures are not indicating a higher opening either. That said, 50 or 100 points is nothing for this index, but at the same time, the outlook is not exactly positive right now, more one of slight uncertainty. The index is right now priced to reopen around 44,610
The push above 150 noted in the USD/JPY just now has come alongside further gains in the US equity space. So, it seems the service sector beat is...
The March US flash PMI data has just now hit the screens. The service sector reading was last at 51 and expect to be unchanged. It has risen to 54.3...
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