(Reuters) -U.S. stock index futures were trading flat on Tuesday ahead of a set of economic data, with investors looking for any insights on the policies of the incoming Trump administration. Any signs of continued resilience in the economy from the data is likely to push back expectations on the pace of the Federal Reserve's monetary easing cycle this year. Top on the investor radar is the Job Openings and Labor Turnover survey for November and the Institute for Supply Management's data on services activity for December, both due at 10 a.m. ET.
Analysis-Trump's SEC pick likely to give Wall Street easier enforcement ride
President-elect Donald Trump's SEC pick voted several times against punishing big companies and was extremely critical of the agency's enforcement process when he was a top official there, according to public records and former SEC attorneys, in a possible glimpse of what is to come under his leadership. Paul Atkins voted against at least 10 enforcement actions punishing individuals and companies, including Citigroup and IBM, according to a Reuters review of Securities and Exchange Commission records from the final years of his 2002-2008 stint as a commissioner. In doing so, he defied his fellow Republican agency chairs.
Morning Bid: A JOLT of reality for markets
A look at the day ahead in U.S. and global markets by Amanda Cooper. Trading action so far has been dominated by uncertainty over incoming U.S. President Donald Trump's threatened tariffs. But the "will he, won't he" narrative looks likely to take a backseat as a number of key metrics on the labour market start to filter through ahead of Friday's jobs data.
Money market account rates today, January 7, 2025 (earn up to 5.00% APY)
Money market account interest rates today are well above historical norms. Find out where to get the best MMA rates.
The 'most important variable' to watch in markets right now: Morning Brief
The direction of interest rates remains a key point of focus for investors as 2025 trading begins.
Credit Markets Signal Warning for a Relentless Equity Rally
(Bloomberg) -- US bond markets are signaling that equity bulls may be a little too exuberant now. Stocks are close to the most overvalued against corporate credit and Treasuries in about two decades. The earnings yield on S&P 500 shares, the inverse of the price-earnings ratio, is at its lowest level compared with Treasury yields since 2002, signaling that equities are at their most expensive relative to fixed income in decades. For company debt, the S&P 500’s earnings yield, at 3.7%, is close t
Micron or Pony AI: Bank of America Selects the Superior AI Stock to Buy
Artificial intelligence technology has been a major driver of the bull market over the past couple of years. Technology firms, especially the ‘Magnificent 7’, have powered the S&P 500’s two consecutive years of gains exceeding 20%. And while these mega-cap firms, each valued at more than $1 trillion in market cap, have garnered more than their share of headlines and hype, they are not the only players in the field. In their coverage of the tech sector, Bank of America analysts have turned their