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Benchmark 10-year notes were marked 3 basis points higher in the overnight session at 4.389% while 2-year notes nudged 2 basis points higher to 4.786%.
The U.S. dollar index, meanwhile, added 0.27% against its major global peers to trade at 104.739 heading into the start of the New York session.
On Wall Street, stocks are priced for a muted open, but are still one pace for a fourth straight weekly advance that’s been powered by rate cut hopes and stronger-than-expected earnings forecasts.
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Futures contracts tied to the S&P 500, which is up 11.05% for the year, suggest a 2 point opening bell dip for the benchmark, with the Nasdaq priced for a
The Dow Jones Industrial Average, which is on a five week win streak and topped the 40,000 point mark for the first time on record last night, is set for a modest 10 point pullback.
Stocks on the move include semiconductor equipment maker Applied Materials (AMAT) , which slipped 1% in premarket trading after a muted revenue forecast clouded its second quarter earnings beat.
Video game maker Take-Two Interactive (TTWO) , meanwhile, fell 2.8% after planning the release of its next blockbuster, “Grand Theft Auto VI”, for the fall of 2025, just outside the end of its current fiscal year, which ends next March.
Reddit (RDDT) shares, on the other side, surged 13.7% after the newly-listed social media website unveiled a new content sharing deal with ChatGPT creator OpenAI.
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In overseas markets, Britain’s FTSE 100 slipped 0.38% lower in London while the region-wide Stoxx 600 benchmark fell 0.33% in Frankfurt.
Overnight in Asia, stocks in China got a boost from a new drive from Beijing to support the domestic property market, although the MSCI ex-Japan index was marked 0.14% lower into the close of trading.
A modestly firmer yen, meanwhile, as well as a pullback in tech stocks kept the Nikkei 225 in the red, with the index closing 0.34% lower at 38,787.83 points.
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