S&P 500, Nasdaq streaks may be flying on fumes
Main U.S. indexes slightly red; Nasdaq off ~0.3%
Healthcare leads S&P 500 sector gainers; Energy weakest group
Euro STOXX 600 index off ~0.3%
Dollar dips; crude, gold both up ~1%; bitcoin up ~2.5%
U.S. 10-Year Treasury yield dips to ~3.84%
Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at markets.research@thomsonreuters.com
S&P 500, NASDAQ WIN STREAKS MAY BE FLYING ON FUMES
Wall Street's main indexes are dipping early on Tuesday, as bets on a September interest rate cut firmed ahead of the release of minutes from the Federal Reserve's latest meeting on Wednesday, and Chair Jerome Powell's speech at Jackson Hole on Friday.
According to the CME's FedWatch Tool, the probability that the FOMC cuts rates at its September 17-18 meeting is now around 74%, while there is around a 26% chance of a 50 bp reduction.
Looking further out in 2024, there is a bias for rates to be in the 4.25%-4.50% area vs the current target range of 5.25%-5.50%.
S&P 500 .SPX sectors are mixed with healthcare .SPXHC the leading gainer. Healthcare has set a fresh record intraday high and is on track for a record closing high.
The NYSE Composite .NYA has made a new intraday record high, while staples .SPLRCS are on pace for a record close.
Meanwhile, the S&P 500 index is attempting to rise for a ninth-straight day, which is something it hasn't done since November 2004. The SPX last rose more than nine-straight days with a 12-session streak that ended in mid-September 1995.
The Nasdaq composite .IXIC is also shooting for a ninth higher close in a row which is something it hasn't done since mid-December 2023. The composite last rose more than nine-straight days with an 11-session streak that ended in early-November 2021.
Here is a snapshot of where markets stood around 1025 ET/1425 GMT:
(Terence Gabriel)
*****
FOR TUESDAY'S EARLIER LIVE MARKETS POSTS:
S&P 500 INDEX: TRYING TO SCORE LONGEST WIN STREAK SINCE 2004 - CLICK HERE
EUROPEAN REAL ESTATE CLOSE TO RECOVERY - UBS - CLICK HERE
CHINA CENBANK TO STICK WITH GRADUAL EASING - BNPP - CLICK HERE
NEW LONGS AND SHORT UNWINDS - CLICK HERE
TECH LIFTS EUROPE, OIL STOCKS TEMPER GAINS - CLICK HERE
MIXED BAG FOR EUROPE - CLICK HERE
ANTICIPATION BUILDS FOR POWELL BLESSING ON RATES - CLICK HERE
earlytradee08202024 https://tmsnrt.rs/4cOCcrv
(Terence Gabriel is a Reuters market analyst. The views expressed are his own)
</body></html>
免責聲明: XM Group提供線上交易平台的登入和執行服務，允許個人查看和/或使用網站所提供的內容，但不進行任何更改或擴展其服務和訪問權限，並受以下條款與條例約束：（i）條款與條例；（ii）風險提示；（iii）完全免責聲明。網站內部所提供的所有資訊，僅限於一般資訊用途。請注意，我們所有的線上交易平台內容並不構成，也不被視為進入金融市場交易的邀約或邀請 。金融市場交易會對您的投資帶來重大風險。
所有缐上交易平台所發佈的資料，僅適用於教育/資訊類用途，不包含也不應被視爲適用於金融、投資稅或交易相關諮詢和建議，或是交易價格紀錄，或是任何金融商品或非應邀途徑的金融相關優惠的交易邀約或邀請。
本網站的所有XM和第三方所提供的内容，包括意見、新聞、研究、分析、價格其他資訊和第三方網站鏈接，皆爲‘按原狀’，並作爲一般市場評論所提供，而非投資建議。請理解和接受，所有被歸類為投資研究範圍的相關内容，並非爲了促進投資研究獨立性，而根據法律要求所編寫，而是被視爲符合營銷傳播相關法律與法規所編寫的内容。請確保您已詳讀並完全理解我們的非獨立投資研究提示和風險提示資訊，相關詳情請點擊 這裡查看。
