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Stock Market Today: Live Updates
U.S. stock futures edged up early Tuesday after the $S&P 500 and $Nasdaq Composite closed at fresh record highs. Dow Jones Industrial Average futures inched up by 13 points, indicating a 0.04% increase. Similarly, $S&P 500 and $Nasdaq100 futures saw gains of 0.03% and 0.07%, respectively.
During Monday's trading session, the $S&P 500 and $Nasdaq Composite reached fresh all-time highs, with both posting marginal increases while investors anticipated crucial inflation figures and upcoming earnings reports. The $S&P 500 edged up by 0.1%, while the technology-focused $Nasdaq rose by 0.3%. Conversely, the $Dow Jones Industrial Average closed the day with a slight decline of 0.1%.
The $S&P 500 continued its upward trajectory as concerns over price pressures easing and economic growth slowing fueled investor confidence in a potential adjustment in monetary policy by the Federal Reserve. While some remain optimistic about the current momentum, others are cautioning investors to diversify their portfolios in preparation for potential market corrections.
Courtney Garcia, a senior wealth advisor at Payne Capital Management, emphasized the importance of maintaining a broad diversification strategy in the current market environment. She highlighted the need to be prepared for swift changes in market dynamics, pointing out existing opportunities amidst varying valuations.
The financial sector is gearing up for a busy week filled with economic data releases, Federal Reserve speeches, and corporate earnings announcements. Federal Reserve Chair Jerome Powell is scheduled to kick off a two-day congressional update on monetary policy on Tuesday, with investors eagerly anticipating insights into Powell's views on inflation and the overall economic landscape.
Later in the week, market participants will closely monitor the release of significant inflation data, including the June consumer price index on Thursday and the producer price index on Friday. These reports are expected to provide further clarity on inflation trends and their potential impact on monetary policy decisions.
Original Article: https://www.cnbc.com/2024/07/08/stock-market-today-live-updates.html
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