S&P 500 E-Mini futures (ESH25) are down -0.73%, andMarch Nasdaq 100 E-Mini futures (NQH25) are down -0.93% this morning, tracking losses in European equities after ECB President Christine Lagarde stated that U.
The article from MSN Money discusses a significant drop in U.S. stock futures following a previous rally spurred by the Federal Reserve's decision to maintain interest rates. Investors are now focusing on upcoming economic data releases and corporate earnings reports to gauge the health of the economy. Key points include the anticipation of the U.S. GDP growth rate for the third quarter, expected to show a slowdown, and the personal consumption expenditures price index, which could influence future Fed actions. Additionally, earnings from major companies like Microsoft, Alphabet, and Meta are due, with their performances expected to provide insights into consumer spending and corporate profitability amidst economic uncertainty. The market's reaction reflects concerns over persistent inflation, potential recession risks, and the impact of higher interest rates on economic growth.
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