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cobcha posted an update
Stock market today: Dow, S&P 500, Nasdaq futures rise, gold rally roars on with Fed minutes on deck
US stock futures marched higher on Wednesday as Wall Street waited for the latest Federal Reserve minutes to provide hints to future policy amid a shutdown-driven dearth of data.
Futures on the Dow Jones Industrial Average (YM=F) turned roughly 0.2% higher on the heels of a for the major gauges. Contracts on the S&P 500 (ES=F) and the tech-dominated Nasdaq 100 (NQ=F)) also moved up around 0.2%.
Meanwhile, gold (GC=F) futures continued their after topping $4,000 per ounce for the first time on Tuesday. Investors have as a “debasement trade” alternative to the dollar.
Caution is seeping into markets as the AI trade loses its fizz, as questions emerge and a potential dot-com-style bubble in stocks. The S&P 500 (GSPC) and Nasdaq (IXIC) snapped a seven-day run of gains on Tuesday amid doubts over cloud profit outlook at Oracle (ORCL).