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    QONEQT in News

    11-Nov-2022 06:00 AM


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    Dow futures rise as cooling inflation drives rally

    U.S. stock futures were trading higher during Thursday's evening deals, after major benchmark indices posted their best daily advances since 2020 as weaker-than-expected CPI data boosted bets for less aggressive rate hikes from central bank policymakers going forward.
    By 18:40 ET (23:40 GMT) Dow Jones Futures were up 0.1%, while S&P 500 Futures and Nasdaq 100 Futures were up 0.2% apiece.
    In extended deals, Compass Inc (NYSE:COMP) fell 7.4% after reporting Q3 losses of $0.36 per share, greater than expected losses of $0.30 per share, while revenue came in at $1.49 billion versus $1.46B expected.
    Ahead in Friday’s session, investors will be looking toward preliminary University of Michigan consumer sentiment data.
    On the data front, Consumer Price Index data came in at 7.7% year-on-year versus expectations of 8%, declining for the 5th consecutive period and cooling from last month’s reading of 8.2%.
    On the bond markets, United States 10-Year rates fell to 3.811%.
    Source: Investing.com
    #Dowfutures