Fundamental analysis
25 March, 2024
The USA500 is currently trading below 5,300 levels.
At the onset of a holiday-shortened week on Monday, U.S. stock index futures slightly declined as investors anticipated speeches from Federal Reserve officials and a significant inflation indicator later in the week.
Last Friday, both the S&P 500 and the Dow, a leading blue-chip index, recorded their most substantial weekly percentage gains of the year, with the Fed maintaining its projection for three interest rate reductions in 2024.
Presently, traders assess a 75% likelihood of the Fed implementing the initial cut in June, as indicated by the CME FedWatch tool, marking an increase from around 55% at the beginning of last week.
Dow futures were down 44 points, or 0.11%, S&P 500 futures were down 5.75 points, or 0.11%, and Nasdaq 100 futures were down 32.75 points, or 0.18%.
