NatalieLopez
25 Mar 24
In today's market, stocks index futures opened slightly lower, signaling cautious activity for the holiday-shortened week. S&P, Dow, and Nasdaq 100 futures all dipped, setting the stage for a potentially subdued trading week. Highlighting the week will be the release of the monthly US personal incom...
In today's market, stocks index futures opened slightly lower, signaling cautious activity for the holiday-shortened week. S&P, Dow, and Nasdaq 100 futures all dipped, setting the stage for a potentially subdued trading week. Highlighting the week will be the release of the monthly US personal income and spending report on Good Friday, a day when bond and equity markets are closed. Additionally, Fed chief Jay Powell is scheduled to speak, with expectations that core PCE could show a significant month-over-month decrease, pointing to downside risk. Treasury yields were higher, and February new home sales data is set to be released, with expectations for a rise in annual rates despite minimal change in US economic interest rate sensitivity, according to UBS' Paul Donovan.
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