{"id":49251,"date":"2024-07-12T12:20:27","date_gmt":"2024-07-12T12:20:27","guid":{"rendered":"https:\/\/www.pantheregroup.com\/2024\/07\/12\/wall-street-set-to-open-broadly-higher-5\/"},"modified":"2024-07-12T12:20:27","modified_gmt":"2024-07-12T12:20:27","slug":"wall-street-set-to-open-broadly-higher-5","status":"publish","type":"post","link":"https:\/\/www.pantheregroup.com\/2024\/07\/12\/wall-street-set-to-open-broadly-higher-5\/","title":{"rendered":"Wall Street Set To Open Broadly Higher"},"content":{"rendered":"
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Producer Price Inflation might be the highlight on Friday. Earnings reports from major corporates also will get attention. <\/p>\n

Initial trends from the U.S. Futures Index suggest that Wall Street might open mostly up. <\/p>\n

In the Asian trading shares, gold edged lower, while oil extended gains.<\/p>\n

As of 7.55 am ET, the Dow futures were up 17.00 points, the S&P 500 futures were adding 2.25 points and the Nasdaq 100 futures were declining 2.25 points.<\/p>\n

The U.S. major averages finished mostly down. The tech-heavy Nasdaq posted a particularly steep loss on the day, plunging 364.04 points or 2.0 percent to 18,283.41, while the S&P 500 slumped 49.37 points or 0.9 percent to 5,584.54.<\/p>\n

The narrower Dow, on the other hand, spent most of the day lingering near the unchanged line before closing up 32.39 points or 0.1 percent at 39,753.8<\/p>\n

On the economic front, the PPI-Final Demand for June will be issued at 8.30 am ET. The consensus is for an increase of 0.1 percent, while it was down 0.2 percent in the prior month.<\/p>\n

The Consumer Sentiment for July will be released at 10.00 am ET. The consensus is 68.5, while it was up 68.2 in the prior month.<\/p>\n

Asian stocks ended mixed on Friday. China’s Shanghai Composite index ended a choppy session marginally higher.<\/p>\n

Hong Kong’s Hang Seng index jumped 2.59 percent to 18,293.38.<\/p>\n

Japanese markets<\/span> tumbled. The Nikkei average slumped 2.45 percent to 41,190.68 while the broader Topix index settled 1.18 percent lower at 2,894.56.<\/p>\n

Australian markets rose notably. The benchmark S&P\/ASX 200 hit a record high of 7,969.10 before closing at 7,959.30, up 0.88 percent from its previous close. The broader All Ordinaries index climbed 0.89 percent to 8,206.10. <\/p>\n<\/p>\n

Business News<\/p>\n<\/div>\n