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US Fed minutes slightly on the Dovish side- Nasdaq 100 futures unmoved after record gains today

The minutes from the last US FOMC (Federal Open Market Committee) policy meeting (June 12) have just been released. The US stock markets have now closed and closed early due to the Independence Day holiday tomorrow. The main gainer there was the tech sector and the Nasdaq 100, which did not look back at all today. The index rose to a new all time record high, at 20,186 and closed right on that high too. The Index futures are still trading though, as are the S+P 500 futures too. Eventually the S+P did rise above the previous high just above 5,523 and that led to a new all time record high at 5,339.27. The index also closed early today, at a record level of 5,337.02. So, what is the upshot of those Fed minutes then? The Fed says that economic growth appears to be gradually cooling and most members saw current stance at restrictive. The Fed stands ready to react to any unexpected economic weakness. They also said that at the same time the Fed stands ready to raise the Funds rates again if required. The reaction in the Nasdaq 100 futures is minimal though. The index is priced to reopen on Friday at around 20,175 
 

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