S&P 500 rally has stalled with looming debt ceiling deadline moving into focus
U.S. stock futures were softer on Tuesday amid a dearth of fresh catalysts and as traders looked ahead to inflation data midweek.
What’s driving markets “Investors... U.S. stock futures were softer on Tuesday amid a dearth of fresh catalysts and as traders looked ahead to inflation data midweek. What’s driving markets “Investors are treading carefully ahead of the key U.S. inflation report out tomorrow as economic data becomes king while markets assess what is next for interest rates,” Susannah Streeter, head of money and markets, Hargreaves Lansdown.
Stocks rallied hard at the end of last week, helping to push the S&P 500 back toward the top of the 3,800 to 4,200 range it has held all year, after sturdy jobs data eased fears of a sharp economic slowdown.
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