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Inventory Market Right now: S&P 500 Futures Hover Forward of Shopper-Confidence Knowledge
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HP earnings are due after markets shut
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.css-9d8khp-TimeTag{show:inline-block;}Aug. 29, 2023 at 4:55 AM EDT
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A barrage of latest readings on the energy of the U.S. economic system begins Tuesday.
Inventory futures wavered forward of in the present day’s consumer-confidence and job-openings knowledge. Later this week, traders will eye the Federal Reserve’s most well-liked gauge of inflation—the personal-consumption expenditures value index—and the August employment report.
Fed Chair Jerome Powell final Friday left the door open to a different rate of interest rise this 12 months if the economic system doesn’t sluggish sufficient to maintain inflation declining.
In different market information:
Chinese language inventory indexes rose once more after China’s authorities on Sunday minimize a tax on buying and selling and mentioned it might take extra steps to revive its sagging capital markets.
Different Asian and European indexes largely posted positive aspects Tuesday.
Shares of Hawaiian Electrical rose 7% in premarket buying and selling, extending positive aspects after it pushed again towards claims its energy traces brought about the lethal Lahaina wildfire.
Laptop producer HP will report earnings after markets shut Tuesday.
The benchmark U.S. 10-year Treasury yield edged beneath 4.2%.
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Europe’s benchmark natural-gas index fell 4%, even after staff at two Australian natural-gas operations run by Chevron set a date for stoppages.
—By Angus Berwick
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