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Futures Jump, Meme Stocks Soar Ahead Of Key Inflation Print

by Tyler Durden Friday, May 28, 2021 - 07:56 AM S&P futures rose on Friday after solid economic data and Joe Bidenโ€™s leaked $6 trillion federal budget plans spurred a Wall Street rally in cyclical shares ahead of a closely watched inflation report offsetting recent worries about a spike in prices put the S&P 500 on course for its smallest monthly gain since February. At 7:15 a.m. ET, Dow e-minis were up 177 points, or 0.5%, S&P 500 e-minis were up 16 points, or 0.38%, and Nasdaq 100 e-minis w...
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Futures Rebound From Overnight Slide As Cryptos Jump

by Tyler Durden Thursday, May 20, 2021 - 08:00 AM While a far cry from yesterdays morning rout, global stocks struggled for traction on Thursday after a jittery session on Wall Street where cryptocurrencies crashed and a hint of tapering talk from the U.S. Federal Reserve drove selling in the bond market and lifted the safe-haven dollar. S&P futures dropped overnight for the 4th straight session after minutes from Fedโ€™s meeting last month showed some officials were open to a debate at โ€œupco...
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Futures Rise Ahead Of Blockbuster Payrolls As Commodities Soar

by Tyler Durden Friday, May 07, 2021 - 07:59 AM S&P futures rose overnight alongside European and Asian market in another quiet session, as commodities smashed higher ahead of a blockbuster jobs report (whispers of a 2MM+ print) which will cap a series of strong economic reports this week. Global stocks headed for their first weekly gain in three with MSCIs world index rising about 0.1% and on course for a 0.4% gain this week amid a surge in commodity prices. Copper joined iron ore and steel by...
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