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U.S. Stock Futures Mixed Amid Trump-Xi Meeting and Fading Rate Cut Hopes
U.S. Stock Futures Mixed Amid Trump-Xi Meeting and Fading Rate Cut Hopes
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BTCCSquare news:
U.S. stock futures traded mixed early Thursday as investors digested the high-stakes meeting between U.S. and Chinese leaders alongside diminishing expectations for further Federal Reserve rate cuts. Nasdaq 100 and S&P 500 futures edged marginally higher, while Dow Jones Industrial Average futures dipped 0.15%.
The Federal Reserve's 25-basis-point rate cut failed to inspire sustained market optimism during Wednesday's session, with Chair Powell's cautious tone on future easing weighing on sentiment. Big Tech earnings offered no clear direction either - Microsoft shares fell 4% post-market despite beating estimates, dragged down by a $3.1 billion charge related to its OpenAI investment.
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