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The S+P 500, along with the Dow Jones posted a negative outside day reversal yesterday, but as usual, that might not count for very much it seems. The index reached a new record high yesterday, at 5,741, but later closed 10.67 points lower, at 5,722.26. The surge in the Nasdaq 100 so far today seems to have put paid to the prospect of that negative close having any detrimental impact on the index, when it reopens this afternoon. It has been called to reopen as high as 5,770, but right now it is a little below that level. There are some pretty important US data released due ahead of the opening, namely Q2 PCE and GDP final revisions, which a little pre-historic anyway. Besides, it is the tech sector and the Nasdaq 100, which right now are having more impact on where next for the S+P 500 and the Nasdaq 100 futures show little sign of yet handing back much in the way of their impressive overnight gains
A couple of minutes ago the Chinese foreign ministry came out with a statement. That said they were not in any discussions with the US over trade...
The European stock markets have just now reopened for the final live trading session of the week and it has been a positive start to the day. As...
An earlier update here this morning noted gold falling back towards the lows seen yesterday and the prospect of that low around $3,306 being taken out...
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