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Gold Futures Settle Sharply Higher As Dollar Drifts Lower
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Commodities rally, stocks steady, yields off highs - Netscape Money & Business
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Tesla, Lucid Motors, Elon Musk and Bitcoin - 5 Things You Must Know Tuesday TheStreet 2/23/2021
Here are five things you must know for Tuesday, Feb. 23:
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1. Stock Futures Mixed as Tech Extends Losing Streak
Stock futures fluctuated Tuesday and tech stocks headed sharply lower after the Nasdaq 100 posted its longest losing streak in four months.
Contracts linked to the Dow Jones Industrial Average were up 4 points, S&P 500 futures fell 16 points and Nasdaq futures dropped 191 points.
Stocks closed mostly lower Monday and the Nasdaq dropped 2.46% to a three-week low with rising bond yields increasing worries that high-growth stocks will be more vulnerable to inflation pressures.
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NEW YORK (Reuters) - A gauge of global equity markets rebounded in a late-session rally on Tuesday after U.S. Federal Reserve Chair Jerome Powell calmed fears of rising interest rates that have roiled bonds and helped spur assets linked to expectations of a strong recovery.
FILE PHOTO: Dividers are seen inside a trading post on the trading floor as preparations are made for the return to trading at the New York Stock Exchange (NYSE) in New York, U.S., May 22, 2020. REUTERS/Brendan McDermid
Copper, a leading indicator of the economic cycle, touched a 9-1/2 year high before paring early gains, while crude settled near break-even. But oil edged up as the Dow and S&P 500 rose into the black and Tesla recouped most steep losses.
Stocks may open higher
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