Stock futures slipped amid rising concerns over valuations and unclear central-bank policy. Global markets are showing signs of strain this morning as Asian equities pulled back from recent highs. In Tokyo, Taipei and Seoul, investors took profits after a recent strong run, while the U.S. dollar moved to near nine-month highs against the yen and a three-month high versus the euro.
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Heightening the caution is the apparent divergence among Federal Reserve officials and their views on the next interest-rate move. One member urged deeper cuts while another flagged inflation as still too elevated for any rush to ease.
With the U.S. government shutdown continuing to delay key economic indicators like non-farm payrolls and CPI prints, investors are relying more on private data and corporate earnings. This lack of official transparency adds another layer of uncertainty to policy-driven markets.
In pre-market trading, S&P 500 futures fell 1.10%, Nasdaq futures fell 1.49% and Dow futures fell 0.62%.
Check out this morning’s top movers from around Wall Street, compiled by The Fly.
UP AFTER EARNINGS –
- Apollo Global (APO) up 8%
- Global Payments (GPN) up 6%
- Capri Holdings (CPRI) up 4%
- Spotify (SPOT) up 2%
- Yum! Brands (YUM) up 1%
- Wingstop (WING) up 1%
- Harley-Davidson (HOG) up 1%
DOWN AFTER EARNINGS –
- Uber (UBER) down 8%
- Norwegian Cruise Line (NCLH) down 8%
- Shopify (SHOP) down 4%
- Eaton (ETN) down 4%
- Pfizer (PFE) down 1%
- Palantir (PLTR) down 8%
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
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