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politics2h ago
Stock Market Today: S&P 500 Futures Fall, Dow Gains As House Challenges Trump's Military Authority—Broadc
- In premarket trading, SPY down 0.41% and QQQ down 0.97% as markets price in policy and earnings risks.
- House passes war powers measure, prompting a rare bipartisan challenge to Trump’s military authority.
- Broadcom and CrowdStrike in focus as shares react to quarterly results and forecasts.
- BlackRock remains overweight U.S. equities, citing AI-led earnings and resilience amid higher rates.
- Economic data due includes initial jobless claims and productivity, shaping Fed expectations.
- Energy and commodities drift as oil, gold, and Bitcoin show modest moves in early trading.
- Tech and AI stocks remain pivotal in market outlook as leadership themes.
- IT and financial equities lag as investors await directional cues on inflation and rate policy.
- Market breadth described as resilient but sentiment mixed amid geopolitical tensions.
- Markets await Fed decision timing as inflation and growth signals remain mixed.
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