U.S. stock futures swing lower
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Investor's Business Daily on MSNDow Jones Futures Fall As Houses Passes Trump Tax Bill, Bitcoin Tops $110,000; Snowflake Jumps, Tesla Killer UnveiledDow Jones futures are trying to steady after Wed.'s sell-off. Snowflake, Urban Outfitters jumped on earnings. Bitcoin topped $110,000. A Tesla killer is being unveiled.
US stocks fell as Trump targets Apple and EU with tariffs. Dow Jones dropped 181 points, S&P 500 and Nasdaq also fell. Apple shares declined over 2%.
In Europe, the Stoxx Europe 600 gained 0.2% in morning trading. Thule Group rose 5.7% and Iveco Group added 4.8%. On the other hand, Games Workshop Group dropped 3.3%, and Johnson Matthey slipped 2.2%. The FTSE 100 added 0.3%. Other stocks in Europe were up as France's CAC 40 increased 0.2% and Germany's DAX climbed 0.3%.
The broad market index ended Wednesday’s trading modestly higher, as traders extended the tariff relief rally for a third day.
US stocks rose on Friday, notching weekly wins across the major averages after an easing in US-China trade tensions. Investors also eyed President Trump's sweeping tax and spending bill, which failed to clear a key hurdle Friday,
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S&P 500 futures are up 0.2%. Dow Jones Industrial Average futures are barely changed. Nasdaq 100 futures are adding 0.3%. On Wednesday, the Dow Jones Industrial Average fell 817 points, or 1.91%, to 41,
Dow Jones outperforms with help from health stocks; S&P500 and Nasdaq rally while Nvidia earnings loom next week.
US stocks open lower. Target cuts sales outlook but Lowe's tops estimates. 30-year bond yield hits 5% and oil prices rise.
Futures for the Dow Jones Industrial Average dropped 250 points, or 0.58%. S&P 500 futures slipped 0.6%, while Nasdaq futures fell 0.61%. The yield on the 10-year Treasury surged 4.6 basis point to 4.485% after Moody's downgraded the U.S. credit rating one notch late Friday to Aa1 from AAA, the highest grade.
Dow slides as Treasury yields surge above key levels. Traders eye deficit risks, stalled tax bill, and Fed signals for the next stock market move.
Gains are likely to be limited until we unwind the overbought conditions & become oversold on the daily chart. First resistance at 5880/85 with strong resistance at 5900/5905 & shorts need stops above 5915. Emini Nasdaq break above 21000 was a buy signal targeting 21150/180 & 21400/420, then 21500/510 which was hit last week as predicted.
Asian markets fell Thursday, following Wall Street lower as concerns over a new U.S. budget bill and ballooning deficit pressured sentiment. Japan’s Nikkei lost 0.8%, South Korea’s Kospi dropped 1.2%, Hong Kong’s Hang Seng also shed 1.2%, and China’s Shanghai Composite slipped 0.1%.