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With U.S. dollar index rapidly weakening against foreign currencies, oil futures nearest delivery on the New York Mercantile Exchange and Brent crude traded on the Intercontinental Exchange powered higher in early trade Tuesday.
Stock futures mixed as Treasury bond yields extend march; Wall Street braces for busy week with inflation, bonds and Fed testimony in focus; Reddit preps for $15 billion IPO; Bitcoin holds near September lows and Novak Djokovic wins an early court battle to contest this year's Australian Open.
The bond market could continue to set the course for stocks in the week ahead, after a choppy start to the new year.