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Dow futures lift as Fed considers smaller hikes

Stock Markets Nov 23, 2022 06:54PM ET
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By Oliver Gray 

Investing.com - U.S. stock futures were trading higher during Wednesday’s evening deals, following a positive close among benchmark indices as investors turned optimistic after minutes from the latest Federal Reserve meeting revealed that policymakers expected a slowing in the pace of rate hikes to soon be appropriate.

By 18:45 ET (23:45 GMT) Dow Jones Futures were up 0.1% while S&P 500 Futures and Nasdaq 100 Futures added 0.2% apiece.

In extended deals, Tesla Inc (NASDAQ:TSLA) lifted 0.1% after finishing regular trade 7.8% higher following an upgrade by analysts at Citi. Meanwhile, Intel Corporation (NASDAQ:INTC) gained 0.4% while HP Inc (NYSE:HPQ) lifted 0.1%.

Markets in the U.S. will remain closed on Thursday for the Thanksgiving public holiday.

On the data front, building permits fell at a greater pace than expected, down 3.3% month on month versus an addition of 1.4% in the previous period. Core durable goods orders came in above expectations at 0.5% from -0.9% in the previous month. Meantime, Preliminary Manufacturing and Services PMI prints came in below expectations while Michigan consumer expectations and sentiment surprised to the upside.

During Wednesday’s regular session, the Dow Jones Industrial Average added 96 points or 0.3% to 34,194.1, the S&P 500 added 23.7 points or 0.6% to 4,027.3, and the NASDAQ Composite lifted 110.9 poitns or 1% to 11,285.3.

On the bond markets, United States 10-Year rates were trading near 7-week lows of 3.689% while the US Dollar Index fell to near 14-week lows of 106.1.

Dow futures lift as Fed considers smaller hikes
 

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Comments (8)
JIM VETTER
JIM VETTER Nov 24, 2022 10:43PM ET
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It's all bs and manipulation. The markets have already priced in a 50 bps hike so why would futures go up? There's plenty of reason for them to go down. Pump up the bubble, short it and rug pull. That's the plan
James Victorino
James Victorino Nov 24, 2022 2:54PM ET
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known since last year. Yet, rates will remain high, sheep!
Song Li
SongSong Nov 24, 2022 10:21AM ET
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Lmao how many time they said that! I think they shouldn’t back down should increased interest and it help bring down the inflation.
Mario Rossi
Mario Rossi Nov 23, 2022 11:46PM ET
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They shall go to 0.75%!!!
David Beckham
David Beckham Nov 23, 2022 10:48PM ET
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Rate cut next month all in long too easy
Casador Del Oso
Casador Del Oso Nov 23, 2022 10:32PM ET
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please, please, please...Fed pivot
James Victorino
James Victorino Nov 23, 2022 10:32PM ET
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why
James Victorino
James Victorino Nov 23, 2022 9:13PM ET
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they have repeatedly been saying that. 🤣
Victor Cuello
Victor Cuello Nov 23, 2022 9:13PM ET
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These are machine generated articles.
Devin Nathaniel
Devin Nathaniel Nov 23, 2022 7:47PM ET
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fake pivot rally once again
 
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