U.S. Stock Futures Rise Slightly, OPEC+ Extends Oil Output Boost
U.S. Stock Futures Rise Slightly, OPEC+ Extends Oil Output Boost

U.S. Stock Futures Rise Slightly, OPEC+ Extends Oil Output Boost

News summary

U.S. stock-market futures showed mixed but generally cautious gains after Wall Street experienced its worst session since April, amid concerns over the Trump administration's tariff policies and weaker-than-expected jobs data. Dow Jones, S&P 500, and Nasdaq futures rose modestly as investors awaited key earnings reports from Palantir Technologies, AMD, and Shopify, which are expected to provide insights into the technology and e-commerce sectors amid the ongoing AI boom and changing consumer habits. President Donald Trump announced plans to appoint a new Federal Reserve governor and a new Bureau of Labor Statistics leader following recent leadership changes, moves seen as part of solidifying his economic agenda. Meanwhile, the Organization of the Petroleum Exporting Countries and its allies agreed to boost oil production for the fifth consecutive month, applying downward pressure on crude prices, which remain under $70 a barrel. Market participants are balancing optimism from the July rally and AI advancements with uncertainties from economic data, trade policies, and corporate earnings as August unfolds. Gold inched higher and bitcoin traded above $114,000, reflecting continued investor interest in alternative assets amidst market volatility.

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100% Center
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98605d3a-f647-49a6-87c7-2db995124a5a
Center 100%
Coverage Details
Total News Sources
2
Left
0
Center
1
Right
0
Unrated
1
Last Updated
2 hours ago
Bias Distribution
100% Center
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