Buying Momentum May Slow As Traders Confront Uncertainty Yet Again – RTTNews Daily Market Analysis
The major U.S. index futures are pointing to a lower opening on Thursday. The shaky conviction with which traders took up to buying ways in the previous session is likely to be put to test, as economic data released earlier in the day have given rise to uncertainty yet again. The initial claims for unemployment benefits showed a bigger than expected increase, while retail sales unexpectedly fell in December, according to two separate reports released earlier in the day.
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