S&P 500, Oracle and futures
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Fed, Futures and stocks
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US stock futures fell today after the Fed’s third rate cut to 3.5%–3.75%. Dow futures dropped 138 points. S&P 500 lost 42.50 points. Nasdaq slipped 210 points. Oracle crashed 11% on AI capex. Bitcoin sank under $90,
The main averages on Wall Street rose in the prior session, buoyed by the Fed’s decision to lower rates by 25 basis points, while Chair Jerome Powell issued a message in his post-meeting news conference that was more balanced than many had anticipated.
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Simplify launches the CTAP ETF, combining full U.S. equity exposure with a 100% managed futures strategy in one capital-efficient fund.
Stock-index futures have turned slightly lower after earlier indication a marginally higher start for trading on Wall Street. E-mini S&P 500 futures, which had been up nearly 0.2% are now down 0.1%. The dip comes as 10-year Treasury yields rise to session highs,
Bitget CEO Gracy Chen underlines the emergence of a "fully democratized" global equity market.
The future prices of benchmark tracking ETFs and the headline were updated in the story. U.S. stock futures pared losses to advance on Monday after Friday’s gains. Futures of major benchmark indices were higher.