S&P 500 Rally Pauses Amid Mixed Market Signals and Labor Data

1 min read
Source: Benzinga
S&P 500 Rally Pauses Amid Mixed Market Signals and Labor Data
Photo: Benzinga
TL;DR Summary

U.S. stock futures dipped as the dollar weakened and Treasury yields rose, following the S&P 500's record high. Market expectations for a December rate cut increased, while Tesla and Super Micro Computer stocks saw significant movements. Economic data showed increased construction spending and manufacturing activity. Analysts predict continued economic growth and further rate cuts, with the S&P 500 potentially reaching 6,600 by 2025. Upcoming economic reports include job openings, employment data, and trade deficit figures.

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