U.S. stock futures swing lower
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Stock futures moved lower Thursday after major indexes posted steep declines yesterday amid mounting concerns about the federal deficit as a budget bill works its way through Congress.
US stocks fell as Trump targets Apple and EU with tariffs. Dow Jones dropped 181 points, S&P 500 and Nasdaq also fell. Apple shares declined over 2%.
In Europe, the Stoxx Europe 600 gained 0.2% in morning trading. Thule Group rose 5.7% and Iveco Group added 4.8%. On the other hand, Games Workshop Group dropped 3.3%, and Johnson Matthey slipped 2.2%. The FTSE 100 added 0.3%. Other stocks in Europe were up as France's CAC 40 increased 0.2% and Germany's DAX climbed 0.3%.
Dow slides as Treasury yields surge above key levels. Traders eye deficit risks, stalled tax bill, and Fed signals for the next stock market move.
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The broad market index ended Wednesday’s trading modestly higher, as traders extended the tariff relief rally for a third day.
US stocks open lower. Target cuts sales outlook but Lowe's tops estimates. 30-year bond yield hits 5% and oil prices rise.
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