Dow’s 8-session win streak in jeopardy as U.S. stock futures dip

U.S. stock futures edged lower Tuesday, indicating the Dow could struggle to stretch its eight-session winning streak into another day.

The yield on the 10-year Treasury note was poking back above the 3% handle, and traders were bracing for readings on retail sales and the housing market, as well as Federal Reserve speeches.

Dow Jones Industrial Average futures slipped 62 points, or 0.3%, to 24,824, while S&P 500 futures eased 7.40 points, or 0.3%, to 2,723.50. Nasdaq-100 futures lost 19.75 points, or 0.3%, to 6,954.25.

Higher interest rates can peel some money away from stocks.

The stock market seems to have turned a corner this month, overcoming concerns about inflation, rising rates, trade fights and geopolitical tensions.

Source: Marketwatch

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Stock market erases gains; Nasdaq’s 77-day win streak in jeopardy

Early gains on Wall Street fizzled out with the S&P 500 and Nasdaq Composite trading in negative territory on Tuesday as tech and energy sectors came under pressure.

Stocks earlier shook off President Donald Trump’s decision to replace Secretary of State Rex Tillerson, choosing Central Intelligence Agency Director Mike Pompeo to take over the role.

Stocks rallied earlier after closely watched consumer-inflation data was in line with expectations, helping to placate worries rising prices would hasten interest-rate hikes by the Federal Reserve.

The S&P 500 index was down 0.4% at 2,773. Losses in the energy, technology and financials sectors outweighed gains in the rest of the market.

The Dow Jones Industrial Average % which earlier was up as much as 181 points, fell 101 poitns, or 0.4%, to 25,077. General Electric, American Express and Microsoft Corp were leading the losses.

The Nasdaq Composite Index retreated from an intraday record high set earlier, to trade 64 points, or 0.8%, lower at 7,524. If the index closes lower, it will break a seven-day winning streak.

Source: Marketwatch

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Dow’s 4-day win streak in jeopardy with all eyes on Fed and Alabama election result

U.S. stocks looked on track for a wobbly session on Wednesday, as traders assessed whether the Democratic victory in Alabama’s Senate election could break the S&P 500’s and Dow average’s three-day streak of record closes.

Investors were also waiting for a Federal Reserve policy decision, with the central bank widely expected to raise interest rates.

Futures for the Dow Jones Industrial Average were down 2 points at 24,541, while those for the S&P 500 index slipped 0.80 point to 2,667.00.

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Both benchmarks on Tuesday scored record closes for a third session in a row, taking the total all-time highs this year to 67 for the Dow and 60 for the S&P. The Dow and S&P have gained for four straight sessions.

Futures for the Nasdaq-100 Index on Wednesday added 4.25 points, or 0.1%, to 6,407.25. The Nasdaq Composite Index on Tuesday slipped 0.2% as chip stocks posted losses.

Source: Marketwatch

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