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Futures Experience Biggest Rally Since 2020

U.S. futures on the New York Stock Exchange have embarked on their sharpest rally since early 2020 following Friday's deceleration of CPI inflation data. Futures tied to the S&P 500 gained 0.5% while those on the Nasdaq went up by 0.7%. Treasury yields also held...

Futures Remain Steady as Midterm Results Trickle In

U.S. futures remained steady on Wednesday morning as the results from Tuesday's U.S. Midterm elections continued to roll in. Investors are expecting the election to result in a political deadlock, whereby power in the US Houses of Congress is divided among Republicans and Democrats,...

U.S. Futures Recover as Focus Turns to Midterm Elections

Futures listed on the S&P 500 and Nasdaq 100 indexes recovered from previous losses on Monday as U.S. stocks posted a second-day rally. This comes as investors turn their focus to Tuesday's midterm elections. While gold continued to trade lower, the U.S. dollar recovered following...

Goldman Sachs Cuts S&P 500 Target By 16%

With little prospect of the Federal Reserve dialing back on its aggressive rate hikes to curb inflation, Goldman Sachs has reduced its year-end 2022 target for the S&P 500 by approximately 16%. This sees the benchmark index's target adjusted from 4,300 points to 3,600...

Stocks Tank After Powell’s Federal Reserve’s Jackson Hole Speech

U.S. stocks plummeted on Friday as a result of a major selloff following the speech of Federal Reserve Chair Jerome Powell at the Jackson Hole economic symposium. Here, Powell reiterated the Federal Reserve's commitment to combatting the ongoing inflation hike. He commented, "Restoring price...

U.S. Futures Fluctuate Ahead of Federal Reserve Annual Meeting

Futures across U.S. indexes fluctuated on Wednesday as investors anxiously await the Federal Reserve's Economic Symposium at Jackson Hole, Wyoming, on Friday. Federal Reserve Chair Jerome Powell is expected to shed light on the U.S. central bank's approach to tackling the United States' ongoing...