US stock futures flat on debt worries
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U.S. stock futures are pointing lower to end the week; President Trump says Apple must pay a "Tariff of at least 25%" on iPhones not made in the U.S.; and Intuit stock surges on the TurboTax parent's strong results and lifted outlook.
S&P 500 contracts retreated 0.2% after the US benchmark closed Monday on the brink of a bull market, following six consecutive days of gains. By contrast, equity gauges in Europe and Asia advanced. The dollar’s weakness continued, dropping 0.1%. Gold fell.
Stock index futures were muted on Friday, while yields were flat, as focus remained on the country's fiscal situation ahead of the long weekend.
U.S. stock index futures were lower on Tuesday after a spirited rally sparked by Washington's temporary trade truce with China subsided and investors shifted focus to a crucial U.S. inflation report that will likely shape the monetary policy path.
US stock futures slide after Moodys downgraded the countrys credit rating from “Aaa” to “Aa1,” raising alarm over Americas growing $36 trillion debt. This unexpected jolt hit Wall Street early Monday,
US stock futures pulled back on Tuesday as investors question whether the rally has outpaced fundamentals, with risks from trade tensions and sticky inflation still in play.
U.S. stock index futures were down on Tuesday, pulling back after a sharp rally fueled by a U.S.-China trade truce, as investors turned their focus to a key U.S. inflation reading that could shape the outlook for monetary policy.
US stock investors appear “astronomically complacent” about the amount of damage the trade war will inflict on corporate earnings, according to CLSA’s chief equity strategist.
XRP risks a 50% drop as it tests key support within a weakening cup-and-handle pattern, amid broader market fallout from Moody’s U.S. credit rating downgrade.
Gift Nifty was trading around 24,690 level, a premium of nearly 38 points from the Nifty futures’ previous close, indicating a mildly positive start for the Indian stock market indices.