US STOCKS-Wall St looks set for subdued start to 2024, Apple dips
From Nasdaq MarketSite:
U.S. stock index futures fell on Tuesday, Jan 2, 2024, with Dow down 0.03%, S&P down 0.06%, and Nasdaq down 0.16%. Apple’s stock was downgraded by Barclays, causing it to dip 1.2%.
The S&P 500, Nasdaq and Dow saw double-digit gains in 2023, coming within 1% of their record highs. Futures pressure follows predictions of interest rate cuts from the Federal Reserve, amidst cooling inflation.
S&P Global’s final manufacturing activity reading for December and economic data releases for the week are awaited. Coinbase Global and MicroStrategy stocks jumped 6% and 9.2% respectively as Bitcoin hit $45,000. Energy majors Exxon Mobil and Chevron each gained over 1% tracking jump in crude prices, following a naval clash in the Red Sea.
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