BY navneet saini.



"As the combination of US currency reset gold, improving demand, and hawkish policy continue to bulldoze through global markets, most investors businesses are going to bunkers, while others are still looking for the safety of the value of the US dollar. "Innes added.

index in future trading.

  • s&p 500 futures rises 14 point or 0.4% to , 3990
  • the share of DOW JONES INDUSTRIAL RISES TO average future of 106 points , or 0.3% , to 32932.
  • Nasdaq 100 futures climbed 58 points , or rises up to 12055.

ON Friday , the Dow jones industrial Average fell 337 points or 1.02% , to 32817, and standard and poor 500 declined 42 points ,or 1.05% , to 3970 ,And NASDAQ composite dropped 195 , or 1.69% t0 11395.

MR. stephen innes managing parter of SPI ASSET SAID that “the economic condition of aerica is going to much reliable or durable then many market expected in few month in comare to many other market “.

The PCE inflation measure released on Friday showed that price pressures have mounted, reducing the likelihood that the Federal Reserve will consider easing monetary policy any time soon and thus pushing bond yields higher.
“As the combination of US yield reset hot inflation, improved growth sentiment, and hawkish policy continues to bulldoze through global risk markets, most investors are heading to bunkers, while others still seek the relative safety of the highly valued US dollar. are demanding," Innes added.

U.S. economic updates set for release on Monday include January durable goods orders at 8:30 a.m. Eastern and January pending home sales at 10 a.m. Eastern. Fed Governor Phillip Jefferson is due to speak at 10:30 a.m.

Jonathan Krinsky, chief technical strategist at BTIG, is wary of further downside for stocks.

while this holiday is not large , the sox suffered its worst decline of the year last weak a(-2.67%) as momentu, continues to rollover . As a result , it essentially tested its 200 day moving average (3940) and got down to the high volume zone .

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