Stock futures rose on Wednesday as investors awaited updates on the negotiations between congressional leaders and President Joe Biden regarding the U.S. debt ceiling. S&P 500 futures gained 0.4%, while Nasdaq-100 futures saw a 0.2% increase According to the White House, President Biden has instructed his staff to convene daily meetings to address unresolved matters.
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Latest News: Despite expectations of a slowdown, the US labor market continues to show remarkable resilience. Federal Reserve Bank of Richmond President, Thomas Barkin, described it as "unbelievably resilient." The private sector is showing strong growth, with payrolls increasing by 242.000 in the month through mid-February, according to a survey by payrolls processor ADP released on Wednesday. This figure exceeded expectations by 20%, with 40.000 more jobs added than predicted. This rate of growth is more than double that seen in January, which was revised upwards from initial estimates to 119.000.
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Latest News: It is expected that U.S. stocks will start Monday's trading session with a slight decrease, as investors take a breather after last week's market gains. Additionally, they are awaiting the monthly jobs report and testimony from the Federal Reserve chief, Jerome Powell, to Congress, both of which are highly anticipated.
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Latest News: On Thursday, the futures linked to the S and P 500 and Nasdaq went down due to the 10-year Treasury yield remaining above 4%, which led investors to predict a more extended period of tighter monetary policy. Additionally, Tesla's stock declined because the company did not provide much information about its eagerly awaited affordable electric car. As we entered March, the Wall Street indexes showed a shaky start after a disappointing performance in February. This was fueled by concerns about the US Federal Reserve's hawkish approach persisting longer, caused by recent indications of continued price pressures and comments from policymakers.
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Latest News: On Monday, it is expected that the stock market in the United States will start the day with a positive trend, bouncing back from the previous week's losses. The reason for this optimism is the anticipation of the release of several economic reports that will shed light on the direction of interest rates in the near future.
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Latest News: The stock market had a mixed ending as investors reviewed the minutes from the recent Federal Reserve meeting yesterday. These investors were trying to determine the extent of future rate hikes. The minutes showed that most Fed policymakers wanted to slow down the pace of interest rate hikes to observe incoming economic data.
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Latest News: On Wednesday, it's expected that U.S. stocks will open without significant changes following a steep decline in the previous session. Investors are eagerly anticipating the release of the latest Federal Reserve minutes in hopes of gaining insight into the central bank's potential plans for increasing interest rates.
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Latest News: Friday morning saw a drop in U.S. stock futures as investors leaned towards a cautious approach, with tech stocks displaying weaker performance. The rise in bond yields and a stronger dollar contributed to this continued risk-off tone in the market, prompting investors to be wary ahead of the market open.
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Latest News: On Wednesday, Nasdaq100 futures indicated that the market would start with a decrease, as investors evaluate the future of interest rates. This was in response to recent consumer price data which showed an increase in inflation during the previous month.
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