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  • 7 months ago
U.S. stock futures declined on Monday after a positive close on Friday. Futures of major benchmark indices were trading lower.

Tensions flared up at the Federal Reserve after the Chair Jerome Powell said on Sunday that the Department of Justice had threatened the central bank with "criminal indictment" over his testimony before Congress, relating to its building renovation costs. This marks a major escalation in tensions between President Donald Trump and the central bank.

On Friday, nonfarm payrolls increased by 50,000 in December, mostly unchanged from November’s downwardly revised 56,000 gain and slightly below expectations for 60,000, according to the Bureau of Labor Statistics on Friday.

The U.S. Supreme Court did not issue a ruling Friday on President Trump's sweeping global tariffs, as traders price in a 75% chance that the Supreme Court ultimately rules in favor of Trump's tariffs.

Meanwhile, the 10-year Treasury bond yielded 4.19%, and the two-year bond was at 3.53%. The CME Group's FedWatch tool‘s projections show markets pricing a 95% likelihood of the Federal Reserve leaving the current interest rates unchanged in January.

The SPDR S&P 500 ETF Trust (NYSE:SPY) and Invesco QQQ Trust ETF (NASDAQ:QQQ), which track the S&P 500 index and Nasdaq 100 index, respectively, were lower in premarket on Monday. The SPY was down 0.69% at $689.25, while the QQQ declined 0.95% to $620.77, according to Benzinga Pro data.

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00:00all right futures under pressure ahead of monday's open on the back of the federal reserve news
00:13s&p futures down 0.52 percent dow futures down 0.71 percent and the nasdaq also down 0.71 percent
00:23now let's take a look at some cues from last session materials utilities and consumer
00:31discretionary stocks posted the largest gains on friday while health care and financials bucked
00:36the trend to close lower for the week the s&p 500 rose one percent while the dow and nasdaq surged
00:422.3 and 1.9 percent respectively pensions flared up at the federal reserve after chair jerome
00:51powell said on sunday that the department of justice had threatened the central bank with a
00:56criminal indictment over his testimony before congress relating to its building renovation
01:01costs this marks major escalation tensions between president trump and the central bank although
01:08those subpoenas uh were originated with luna the congresswoman on friday non-farm payrolls increased
01:15by 50 000 in december mostly unchanged from november november's downwardly revision of 56 000
01:22gain and slightly below expectations for 60 000 according to the bureau of labor labor statistics
01:29on friday the u.s supreme court did not issue a ruling on friday on president trump's sweeping global
01:36tariffs this trades as traders price in a 75 chance that the supreme court will ultimately rule in favor
01:43of trump's tariffs we got news that that decision is due wednesday which throws yet another big item
01:51into the cog for this week now we do have some stocks in focus for you the first one is going to be
01:58vistra this is ticker vst this was higher by 0.69 percent in the pre-market on monday after it signed a 20
02:05year nuclear power deal with meta the next stock in our list is going to be alibaba group that's
02:13ticker ba ba alibaba rose 4.44 percent after its cloud's flagship quen series became the world's
02:22most widely used open source ai system surpassing 700 million downloads on the hugging face platform
02:29as of january tempest ai is our next stock ticker here is tem that jumped 8.12 percent after it reported
02:39a record 1.1 billion in total contract value and approximately 126 percent net revenue retention for
02:472025 driven by expanded data agreements with over 70 pharmaceutical and biotech clients
02:53the next stock on our list is going to be xpeng the ticker is xpev that gained 2.75 percent after
03:04unveiling its global 2026 p7 plus flagship and new vla 2.0 autonomous driving ai while reporting
03:13126 percent delivery growth in 2025 underscoring its rapid international expansion and technological scale
03:21the last stock on our list is going to be boot barn holdings and the ticker on this one is ticker boot
03:28b-o-o-t shares were down 0.37 percent despite reporting preliminary third quarter net sales
03:35of 705.6 million which represented growth 16 percent year over year
03:41b-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r-o-r
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