US futures are indicating a slightly lower open. European equity markets have opened with small gains, following mixed Asian markets. Fed officials are increasingly talking up the 'raise and hold' strategy, while the ECB rate path continues to steepen with economists expecting a 75-bps rate hike next week. Markets are also turning attention to US Non-Farm Payrolls data due later, which could shape September’s FOMC rate decision. A strong reading could support the case for another 75-bps hike.
Companies Mentioned: Apple (NASDAQ:AAPL), Google (NASDAQ:GOOGL), Amazon (NASDAQ:AMZN)
Which stock should you buy in your very next trade?
With valuations skyrocketing in 2024, many investors are uneasy putting more money into stocks. Unsure where to invest next? Get access to our proven portfolios and discover high-potential opportunities.
In 2024 alone, ProPicks AI identified 2 stocks that surged over 150%, 4 additional stocks that leaped over 30%, and 3 more that climbed over 25%. That's an impressive track record.
With portfolios tailored for Dow stocks, S&P stocks, Tech stocks, and Mid Cap stocks, you can explore various wealth-building strategies.