Profit Taking May Contribute To Initial Pullback On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Friday, 14 June 2024 09:17:29 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market Bitcoin [Bitcoin]( DAX [DAX]( Dow Jones [Dow Jones]( Nasdaq [Nasdaq]( The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to give back ground after ending yesterday?s choppy trading session mostly higher. Profit taking may contribute to initial weakness on Wall Street after the Nasdaq and the S&P 500 ended the previous session at new record closing highs. Encouraging inflation data has contributed to recent strength, although traders remain wary about the outlook for interest rates after the Federal Reserve forecast just one rate cut this year. Potentially helping to alleviate the concerns, the Labor Department released a report this morning showing unexpected decrease by U.S. import and export prices in the month of May. The Labor Department said import prices fell by 0.4 percent in May following a 0.9 percent advance in April. Economists had expected import prices to inch up by 0.1 percent. Prices for fuel imports led the way lower, tumbling by 2.0 percent, although prices for non-fuel imports also dipped by 0.3 percent. Meanwhile, the report said export prices slid by 0.6 percent in May after climbing by an u... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports CADUSD [CADUSD]( Oil [Oil]( Gold [Gold]( EURUSD [EURUSD]( A report released by the Labor Department on Friday showed unexpected decreases by U.S. import and export prices in the month of May. The Labor Department said import prices fell by 0.4 percent in May following a 0.9 percent advance in April. Economists had expected import prices to inch up by 0.1 percent. P... [Read More]( --------------------------------------------------------------- Stocks in Focus Shares of Adobe (ADBE) are moving sharply higher in pre-market trading after the software company reported better than expected fisca... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Europe European stocks have moved mostly lower on Friday, extending losses from the previous session as election campaigns in the U.K. and France continue. Political uncertainty in France has weighed on the marketsafter the country's finance chief warned that a new left-wing coalition coming to power in France would lead to the country's exit from the European Union. Elsewhere, Nigel Farage's Reform UK has surpassed Prime Minister Rishi Sunak's Conservatives in a YouGov poll. The poll for the Times newspaper puts Reform UK at 19 percent, up from 17 percent previously, and the Conservative Party unchanged at 18 percent in voting intention. While the U.K.?s FTSE 100 Index is marginall... [Read More]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks ended mixed on Friday after Beijing slammed EU tariffs on Chinese electric vehicles as protectionist behavior and indicated it would take countermeasures in an escalating trade dispute. Signs of slowing inflation in the United States helped to limit regional losses to some extent. The Japanese yen and bond yields fell as the Bank of Japan flagged a cut in debt purchases without laying out any figures or timeline. Gold edged up slightly in Asian trading, while oil prices eased but headed for th... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are rising $0.32 to $78.94 a barrel after inching up $0.12 to $78.62 a barrel on Thursday. Meanwhile... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49