US stocks trending lower hours before Monday’s opening bell

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US stocks trending lower hours before Monday’s opening bell

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U.S. equity futures are trading lower ahead of Monday’s trading session on Wall Street after several choppy sessions last week as investors parsed a higher-than-expected inflation reading last Tuesday.

Stocks in this Article

$34687.85

-299.17 (-0.86%)

$14427.236932

-115.90 (-0.80%)

A good part of the pullback on Wall Street was attributable to declines in big technology stocks, like Apple and Amazon, as well as banks and companies that rely on consumer spending. Energy and industrial stocks also helped drag the market down, outweighing gains in health care and utilities companies.

The S&P 500 fell 32.87 points, or 0.8%, to 4,327.16. It ended the week with a 1% loss. The Dow Jones Industrial Average dropped 299.17 points, or 0.9%, to 34,687.85. The tech-heavy Nasdaq composite slid 115.90 points, or 0.8%, to 14,427.24.

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US stocks trending higher as data signals fresh acceleration in world economy

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U.S. equity futures were trading tentatively higher after a record close last Thursday. Driving the market surge, investors say, was data signaling a fresh acceleration in the world economy, as well as optimism over the prospect of additional fiscal stimulus.

Stocks in this Article

$34433.84

+237.02 (+0.69%)

$14360.387701

-9.32 (-0.06%)

On Friday, Wall Street’s S&P 500 index turned in its biggest weekly gain in four months.

Investors have been encouraged by progress in Washington on an infrastructure spending plan. Markets have recovered from the Federal Reserve’s announcement that it might start raising interest rates sooner than expected.

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The S&P’s gain “is generally telling of improving sentiment,” said Mizuho Bank in a report.

Markets have swung between optimism about economic recovery supported by the rollout of coronavirus vaccines and unease that the Fed

US shares trending increased just after constructive remarks by Fed Chairman Powell to Congress Tuesday

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U.S. equity futures were investing greater ahead of the Wednesday session on Wall Road as encouraging terms by Federal Reserve Chairman Jerome Powell just before Congress Tuesday helped generate Asian shares increased as very well.

Shares in this Report

$33945.58

+68.61 (+.20%)

$14253.268071

+111.79 (+.79%)

Overnight, Wall Street’s benchmark S&P 500 index rose .5% to in the vicinity of past week’s all-time superior following Fed chairman Jerome Powell said inflation is primarily in areas that put up with supply shortages. He explained inflation that hit 5% over a yr before in May well is most likely to subside as economic activity revives.

Powell “affirmed a more balanced coverage stance to some latest hawkish Fed rhetoric,” Anderson Alves of ActivTrades mentioned in a report.

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On Wall Road, the S&P 500 climbed