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Trade Tensions Rattle Wall Street’s Momentum

After an impressive streak of gains that pushed major U.S. indices to record highs, the stock market faced a sharp reversal as renewed trade tensions triggered investor anxiety. The Dow Jones Industrial Average, S&P 500, and Nasdaq all pulled back in Friday’s session, with financials and industrials leading the retreat. Concerns were reignited after new tariffs targeting tech and manufacturing imports between the U.S. and China surfaced, prompting fears of escalating economic friction. These measures, aimed at protecting domestic industries, were met with criticism from global partners and stoked uncertainty about the broader trade landscape. Analysts note that while earnings remain strong and economic indicators are still resilient, the shadow of protectionism looms large. Investor sentiment, which had been buoyed by dovish monetary policy and solid corporate results, now finds itself caught in geopolitical crosswinds. Many traders are now recalibrating their expectations heading ...
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S&P 500 and Nasdaq Futures Rise as Oil Prices Retreat

 


In today’s market update, U.S. stock futures saw a positive shift as investors welcomed a decline in oil prices. Futures for the S&P 500 increased by 0.4%, while Nasdaq 100 futures rose by 0.5%, indicating a recovery for tech giants like Amazon, Apple, and Alphabet.

The Dow Jones Industrial Average futures also edged up by 0.2%, continuing the upward trend from recent months. This boost comes as tensions in the Middle East ease, leading to a drop in oil prices. Additionally, the 10-year Treasury yield briefly dipped after surpassing the 4% mark on Monday.

Market sentiment remains cautious, however, as investors keep an eye on the Federal Reserve’s upcoming decisions on interest rates. Comments from Fed officials have highlighted the importance of data in guiding future rate cuts, with the next CPI inflation report being a key focus.

In corporate news, PepsiCo reported a surprising drop in quarterly revenue and lowered its sales growth forecast for 2024, causing its shares to slip in premarket trading.

Overall, the market is navigating a complex landscape of easing oil prices, interest rate speculations, and mixed corporate earnings as it looks to build on recent gains.


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