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US stock futures pause after rally; The Dollar Weakens: Market Recap

US stock futures pause after rally; The Dollar Weakens: Market Recap

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(Bloomberg) – The dollar hit a three-month low on Thursday as U.S. stock futures stabilized after big gains on indexes fueled by China’s softer stance on Covid and the confirmation of a slowdown in the pace of US rate hikes by Federal Reserve Chairman Jerome Powell. Bloomberg’s Most Read S&P 500 contracts edged higher, a …

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Fall in futures contracts; Why the market rally may be due to a pause

Fall in futures contracts; Why the market rally may be due to a pause

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Dow Jones futures fell overnight, along with S&P 500 and Nasdaq futures. A strong stock market rally on Tuesday morning faded, becoming briefly mixed after Russian missiles reportedly hit Poland. X Target (TGT) headlined Wednesday morning earnings, while the chip giant Nvidia (NVDA) looms large on Wednesday night. The stock market rallied Tuesday morning on …

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