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The Dow Jones future has dropped back a bit more now since the release of the latest earnings results from Bank of America (which were not bad, but not much of a beat). The United health stock price is lower again in the grey market and that is weighing on the Dow futures. At the same time the S+P 500 futures are also off their earlier highs, but holding up quite well due to the price action in the Nasdaq 100 futures. The S+P 500 closed last night at 5,949.91, with a gain of 107 points on the day. Earlier today the index was priced to reopen above 5,975, but it is a bit lower right now. So, at 1.30pm we get a load of US data, this time in the form of the latest retail sales numbers (December) and Philadelphia Fed business index. We also have the jobless claims numbers out at the same time. Sales are forecast to rise by around 0.6% last month, after rising by 0.7% in November. Initial jobless claims are forecast at around 210k, up from the 201k reading in the prior week. All of this data could have an impact on the broader US stock market opening afterwards and right now the S+P 500 is priced to resume live trading at around 5,969
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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