Tech Stocks May Lead Early Pullback On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Wednesday, 17 July 2024 09:28:36 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a sharply lower open on Wednesday, with stocks likely to give back ground after trending higher over the past few sessions. Tech stocks may lead an early pullback on Wall Street after a report from Bloomberg said President Joe Biden?s administration is considering tougher trade rules against companies in its chip crackdown on China. Bloomberg said the administration has told allies that it?s considering using the most severe trade restrictions available if companies continue giving China access to advanced semiconductor technology. Citing people familiar with recent discussions, Bloomberg said the U.S. is mulling whether to impose a measure called the foreign direct product rule, which lets the country impose controls on foreign-made products that use even the tiniest amount of American technology. The downward momentum on Wall Street also comes after former President Donald Trump suggested Taiwan should pay the U.S. for defense, claiming the country took ?about 100%? of America?s chip business. Extending the ... [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 The Commerce Department released a report on Wednesday showing a significant rebound by new residential construction in the U.S. in the month of June. The report said housing starts shot up by 3.0 percent to an annual rate of 1.353 million in June after plunging by 4.6 percent to a revised rate of 1.314 million in May. Economists had expected housing starts to jump by 2.6 percent to a rate of 1.310 million from the 1.277 million originally reported for the previous month. The Commerce Department... [Read More]( --------------------------------------------------------------- Europe European stocks have drifted lower for a third day running on Wednesday as investors digest regional inflation data and look forward to the European Central Bank's rate-setting meeting later in the week for directional cues. Chinese demand concerns and fears that Donald Trump's return to the White House would herald more inflation and higher interest rates also weighed on markets. The French CAC 40 Index and the German DAX Index are both down by 0.5 percent, although the U.K.?s FTSE 100 Index has bucked the downtrend and crept up by 0.1 percent. Dutch semiconductor firm ASML... [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.]( --------------------------------------------------------------- Asia Asian stocks ended mixed on Wednesday, while the dollar edged up as Donald Trump's election odds rose and the U.S. Republican presidential candidate said that Taiwan should pay the U.S. for supplying the island with defense equipment. Regional losses, if any, were limited as U.S. Treasury yields fell on hopes of a September rate cut by the Federal Reserve. China's Shanghai Composite Index dropped 0.5 percent to 2,962.86 as investors awaited the outcome of the ruling Communist Party's third plen... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are climbing $0.66 to $81.42 a barrel after slumping $1.15 to $80.76 a barrel on Tuesday. Meanwhile, an ou... [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