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US Stock Market Closed for Presidents Day: S&P 500 Futures Tick up as GDP, PCE Inflation Loom
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This week started off on a weak note for global stock markets, with US markets closed yesterday for Presidents' Day, while the Lunar New Year holiday in Asia means fewer exchanges are open this week. However, trading resumed in the US today and Europe was back to normal. Geopolitical uncertainty is weighing on sentiment, with the US and Iran holding indirect talks in Geneva today to resolve their nuclear dispute, while separate peace talks betwe…
US stock market closed for Presidents Day: S&P 500 futures tick up as GDP, PCE inflation loom
U.S. stock and bond markets remained closed Monday for Presidents Day, while S&P 500 futures edged up 0.1% to near 6,853 in thin trading. Microsoft shares are down 17% year-to-date and Amazon nearly 14% amid concerns over AI spending. Investors await U.S. GDP and PCE inflation data later in the week, along with Walmart earnings. Gold slid over 1% as the dollar strengthened. The post US stock market closed for Presidents Day: S&P 500 futures tick…
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