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Recovering After Last Week’s Losses

Posted September 11, 2023
Briefing.com

The S&P 500 futures are up 26 points and are trading 0.5% above fair value. The Nasdaq 100 futures are up 136 points and are trading 0.8% above fair value. The Dow Jones Industrial Average futures are up 107 points and are trading 0.3% above fair value.

Equity futures indicate a higher open after the market logged sizable declines last week. This week’s calendar features some important economic releases, including the August Consumer Price Index on Wednesday, followed by the August Producer Price Index and Retail Sales report on Thursday.

Big pre-open gains in some mega cap stocks has provided support to the broader market.

Treasury yields are moving higher. The 2-yr note yield is up two basis points to 4.99% and the 10-yr note yield is up three basis points to 4.30%.

WTI crude oil futures are down 0.5% to $87.04/bbl.

There is no U.S. economic data of note today.

Originally Posted September 11, 2023 – Recovering after last week’s losses

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