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@YahooFinance reported that S&P 500 and Nasdaq 100 futures climbed on July 5 while the Dow traded flat. The moves followed a week in which the three major indexes posted gains near 2 percent.
YonhapU.S. stock futures rose on July 5 after the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite each advanced about 2 percent in the week ending July 3. Contracts tied to the S&P 500 climbed 0.5 percent and those linked to the Nasdaq 100 jumped 1.4 percent, while Dow futures traded flat, @YahooFinance reported.
The Dow closed the prior week just under 53,000. Micron Technology shares fell 19 percent during the same five-day period. Baird investment strategist Ross Mayfield said a bull market driven by earnings and liquidity could extend through the second half of the year and into 2027.
JPMorgan analysts raised their year-end 2026 target for the S&P 500 to 7,800. The ten largest AI-related stocks accounted for 41 percent of the S&P 500's total market capitalization as of July 5. Minutes from the Federal Reserve's first meeting chaired by Kevin Warsh are scheduled for release on July 8.
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cnbc.comKevin Warsh told the House Financial Services Committee on July 14 that the Federal Reserve has no tolerance for persistently high inflation. The testimony followed the release of June consumer price data showing the largest monthly decline since 2020.
algemeiner.comHakeem Jeffries stated he will oppose an amendment that would end U.S. funding for Israel. The proposal is attached to the fiscal 2027 State Department spending bill and has divided Democrats.
cnbc.comFed Chair Kevin Warsh said the United States should not bail out any sector, including crypto, during his semiannual monetary policy report to Congress. He also stated that the Treasury can use the Exchange Stabilization Fund for swap lines unrelated to the Federal Reserve's mone…