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Stock Futures in the US increased cautiously


Stock Futures in the US increased cautiously

Stock futures in the United States rose cautiously before a shorter trading session.

Dow Jones Industrial Average futures climbed 77 points or 0.2%. S&P 500 futures rose 0.13%, while Nasdaq 100 futures fell 0.21%, weighed down by Activision Blizzard shares.

Wall Street is set to end an upbeat holiday-shortened week after the Federal Reserve’s latest meeting minutes added to expectations that monetary policy tightening may slow.

According to the Fed’s November meeting minutes, the central bank is progressing in combating high inflation and intends to slow rate hikes. Stocks rose after the news. This was the second day of gains for the week, which was marred by low volumes and choppy trades.

The majority of participants thought that it would be appropriate to slow down the rate of growth soon.

According to Bespoke Investment Group, the Dow’s steady recovery has reached a critical technical level.

Bespoke stated in a tweet Friday that the Dow is now 9.1101% higher than its 50 day moving average. This is the most recent high since June 2020 and only eighth time since 1990 when it has been at or below 9.01% of the moving average.

A benchmark used by traders to predict the short-term market…

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