Wall Street looked set to recover on Tuesday after a shaky start to the month triggered by a sharp drop in Bitcoin.
All three major U.S. indexes began December with their first daily declines in more than a week, but crypto-linked shares inched higher as Bitcoin steadied following its steepest dollar fall since May 2021.
Investors are now turning their attention to Friday’s personal consumption expenditures (PCE) index, the Federal Reserve’s preferred measure of inflation and a key indicator for markets this week.
Zak Mir takes a charting look at S&P 500, Nasdaq 100, Beyond Meat, Fitell, Fly-E, K-Tech, Nexters, Smart Logistics, Tianci, Wheeler, Exicure.
Money markets are pricing in a 95% chance of a Fed interest rate cut later this month.
Ahead of the opening bell, futures pointed to modest gains: the Dow Jones Industrial Average up 0.1%, the S&P 500 higher by 0.3% and the Nasdaq 100 advancing 0.4%.
