Futures pointing to negative open on Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Tuesday, 10 January 2023 12:09:28 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( [New Battery Tech to "Eat Lithium?s Lunch"?]( The lithium-ion battery transformed Tesla from the laughingstock of the auto industry into the biggest car company in history. It can store energy up to 94% cheaper than a Tesla lithium-ion battery. It?s a "totally new approach to battery technology,"" says the U.S. Department of Energy. [Click here for the full story.]( --------------------------------------------------------------- US Market Bitcoin [Bitcoin]( DAX [DAX]( Dow Jones [Dow Jones]( Nasdaq [Nasdaq]( Lower U.S. index futures and weak global markets are pointing to a negative start on Wall Street Tuesday morning. The Dow futures are down 0.44 percent, the S&P futures are lower by about 0.4 percent, and the Nasdaq futures are down 0.56 percent. Hawkish comments from a couple of Fed officials took the wind out of stocks Monday afternoon, resulting in a mixed close for the major indexes. While the Dow and the S&P 500 ended on the negative side, the Nasdaq closed positive, but well off the day's high. Fed Chair Jerome Powell's speech at a bank symposium in Sweden this morning is in focus for more clarity around the central bank?s rate-hike plans. The mood is likely to be cautious with the crucial inflation data due on Thursday. U.S. stocks failed to hold gains and ended on a mixed note on Monday as the mood turned cautious past mid afternoon after some Fed officials said the central bank will have to keep raising rates. Technology stocks outperformed as bond yield dropped amid bets the Federal Reserve will slow its pace of policy tightening after data showed a drop in wage growth and a contraction in U.S. service sector activity. Stocks pared gains after comments from a couple of Fed officials that the central bank might raise rates to somewhere above 5% and hold them around those levels a bit longer in order to rein in inflation. Among the major averages, the Dow, which rallied more than 300 points to 33,935.11, ended down 112.96 points or 0.34 percent at 33,517.65, and the S&P 500 settled lower by 2.99 points or 0.08 percent at 3,892.09, easing from a high of 3,950.57. The Nasdaq settled with a gain of 66.36 points or 0.63 percent at 10,635.65, well off the session's high of 10,807.26. --------------------------------------------------------------- [Investing Secret of the 1% Unlocked for the First Time]( You probably haven?t heard, but there's an overlooked investment opportunity predicted to surge to $2.7 trillion by 2026. It's not crypto and it's not stocks ? but the 1% have been using it to help protect their wealth for centuries. 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The benchmark Shanghai Composite index slipped 0.21 percent to 3,169.51. Hong Kong's Hang Seng index dropped 0.27 percent to 21,331.46 on concerns the recent rally in the opening days of 2023 is overdone. Japanese shares hit a two-week closing high thanks to strong buying in the technology section. The market also reacted positively to data showing core consumer prices in Tokyo exceeded the central bank's 2 percent target for a seventh straight month in December. The Nikkei average climbed 0.78 percent to 26,17.56 ahead of a policy meeting by the Bank of Japan early next week. The broader Topix index settled 0.27 percent higher at 1,880.88. Seoul stocks rose for the fifth day running, though overall gains remained capped amid lingering worries about U.S. rate hikes. The Kospi average finished marginally higher at 2,351.31 after a choppy trade. Australian markets snapped a four-session winning streak, with tech stocks and gold miners leading losses. The benchmark S&P/ASX 200 fell 0.28 percent to 7,131 while the broader All Ordinaries index closed 0.26 percent lower at 7,336.60. Across the Tasman, New Zealand's benchmark S&P/NZX-50 index edged up 0.16 percent to 11,665.26. --------------------------------------------------------------- [3 Tiny Stocks Primed to Explode]( The world's greatest investor ? Warren Buffett ? has a simple formula for making big money in the markets. He buys up valuable assets when they are very cheap. For stock market investors that means buying up cheap small cap stocks like these with huge upside potential. We've set up an alert service to help smart investors take full advantage of the small cap stocks primed for big returns. [Click here for full details and to join for free.]( --------------------------------------------------------------- Commodities West Texas Intermediate Crude oil futures for February are up $0.18 or 0.25 percent at $74.81 a barrel. Gold futures are flat at $1,877.30 an ounce. On the currency front, the U.S. dollar is trading at 1.0721 against the Euro, after settling at 1.0735 on Monday. Against the Japanese currency, the dollar is stronger at 132.27 yen, rising from 131.89 yen. --------------------------------------------------------------- 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