US Stock Futures: A Calm Drift After a 7‑Week Rally
Today’s futures traded quietly, riding the momentum of a steady seven‑week gain streak. While investors keep an eye on buzzing interest‑rate chatter, the market feels like it’s cruising on a mild summer breeze.
Why the Market’s Feels Pretty Good
The Fed’s fresh outlook and updated economic forecasts have handed the market a confidence boost. With a risk‑on vibe, the rally looks set to keep rolling into December—until, of course, next year’s rate cuts come into play.
Things That Still Might Throw a Curveball
- Some Fed members have voiced caution on cutting rates, keeping the market slightly on edge.
- Lower Treasury yields could keep stocks buoyant as traders stay tuned for Friday’s big data pulls—US inflation stats, especially the PCE, might rewrite expectations.
Sector Highlights
Real Estate & Energy Take the Lead
- Real‑estate, a rate‑sensitive sector, surged after a period of lag.
- Energy bounced back, riding higher oil prices after a slow spell.
Technology Still In The Driver’s Seat
The tech arena remains the star of the show, with mega‑cap giants charting the year‑end gains. However, Apple faces a new hurdle in China: some governmental bodies have started urging workers to avoid iPhones and other foreign devices at office. That could cool the company’s sales and share performance in that key market.
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