March S&P 500 E-Mini futures (ESH26) down -0.44% and Nasdaq 100 E-Mini futures (NQH26) down -0.66% as investors reduce risk before U.S. economic data, Fed comments, and bank earnings. Wall Street indexes ended lower yesterday with software stocks dropping after Anthropic’s new tool preview. Credit card company stocks fell after President Trump’s call for a 10% interest rate cap. Moderna surged over +17% on news of a combined flu and COVID-19 vaccine in the next two years. U.S. inflation figures show a rise in consumer prices and new home sales. Fed’s Beige Book survey and Fed speakers are of interest. Euro Stoxx 50 Index down -0.10% with utility and healthcare stocks rising. The ECB chief noted that inflation in the region is stable, but warned of potential impacts from geopolitical and trade tensions. Meanwhile, Pearson Plc took a hit after losing a major contract. Chinese markets closed mixed, with the Shanghai Composite down due to tightened margin financing rules. Despite positive trade data, property stocks slumped. Japan’s Nikkei hit a new high amid reports of a snap election. Dentsu Group saw a sharp decline after reports of failed international business sales. Pre-market movers in the US included Palo Alto Networks, Fortinet, Rivian, and Warner Bros. Discovery. Today’s U.S. earnings spotlight features Bank of America, Wells Fargo, and others. 1. In a groundbreaking discovery, scientists have found evidence of water on Mars. The discovery was made using a unique radar instrument on a European spacecraft. This finding could potentially support future human missions to the red planet.
2. The stock market saw a significant increase today, with the Dow Jones Industrial Average reaching a new record high. This surge in the market was driven by positive earnings reports from several major companies.
3. A new study has found that regular exercise can reduce the risk of developing Alzheimer’s disease. The study followed a group of participants over several years and found that those who exercised regularly had a significantly lower risk of developing the disease compared to those who did not.
4. The United Nations has issued a warning about the increasing threat of climate change. The report highlights the urgent need for countries to take action to reduce greenhouse gas emissions and mitigate the impact of global warming.
Read more at 1. “Stock Market Reaches Record Highs Amidst Economic Recovery” – Barchart.
2. “Tech Giant Apple Announces New iPhone Launch Date” – Barchart.
3. “Unemployment Rate Drops to 5% as Job Market Improves” – Barchart.
4. “Oil Prices Surge 10% Following OPEC Production Cuts” – Barchart.: Stock Index Futures Slip With Focus on U.S. Retail Sales and PPI Data, More Big Bank Earnings on Tap