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It is not looking good for the US opening -check out the S+P 500 eyeing 5k
The US stock markets are going to open lower shortly this afternoon. It has been a volley of negative developments that will see that happen and right now the whole market is running shy of stocks. As to how far this lower opening will extend is unclear, but given all the latest news and developments on earnings misses and higher core inflation it would not be a surprise if we see fresh interim lows before the week is out. The S+P 500 future is now close to pricing a resumption of live trading and maybe below 5,000 this afternoon. Perhaps we should remember the recent low, at 4,953 set on April 19. That is potentially on the radar again today
Market News
All News-
Microsoft and Meta beats send Nasdaq 100 futures higher
The eagerly awaited Q1 earnings report from Microsoft (MSFT) has just been released. The markets were expecting a Q1 EPS of $3.21 and revenue of $68...
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EUR/USD lifting off the lows as the final 4pm London fix of the month passes
It has been quite a messy afternoon across the major FX markets. That has seen a good deal of cross price action, especially in the EUR/GBP. At one...
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Dow Jones slides more than 600 points as White House tries to spin the positive
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...
