U.S. Futures Decline
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Strategists warned the move, announced after the market close on Friday, could spark some near-term selling in stocks and Treasurys.
US stock futures traded flat as investors faced the tough reality that despite trade tensions easing President Trump's tariffs still stand to deal a blow to the economy.
Stock futures moved lower Thursday after major indexes posted steep declines yesterday amid mounting concerns about the federal deficit as a budget bill works its way through Congress.
There are plenty of fundamental economic reasons to hold a long term negative view on the U.S. dollar, but the selling and bearish sentiment currently smothering the greenback may be overdone.
Fears have grown that a new U.S. budget bill would put even more stress on the country’s already large deficit.
2don MSN
HONG KONG (AP) — Global shares fell Monday and U.S. futures and the dollar also weakened after Moody’s Ratings downgraded the sovereign credit rating for the United States because of its failure to stem a rising tide of debt.
Wall Street share futures slipped with the dollar on Monday and Treasury yields rose as concerns about erratic U.S. economic policies were underlined by Moody's downgrade of the country's credit rating.
Gold prices rose for a third straight session on Wednesday and hit a one-week high, helped by a softer dollar and safe-haven demand amid economic and geopolitical uncertainty.
Futures on Wall Street are currently pointing to a negative start to Tuesday's trading session, even as investors brushed aside concerns arising from the Moody's downgrade. Monday's session saw the resultant gap-down from the downgrade being swiftly bought into,
SYDNEY (Reuters) -Wall Street stock futures climbed and the dollar firmed against safe haven peers on Monday as signs of progress in U.S.-China trade talks boosted hopes a global recession might be avoided,