US futures are pointing to a lower open as of 04:05 ET, after US markets capped a fifth straight weekly gain. European equity markets have opened higher in narrow ranges, following mixed to weaker levels in Asian markets. Risk-on sentiment in full swing following remarks from Fed officials that led markets to price in multiple rate cuts in 2024, expecting a move as early as late Q1 2024.. With inflation tracking towards target, market debate now shifting towards timing and extent of next year's pivot.
Companies Mentioned: Hawaiian Holdings, Alaska Air Group, Google (NASDAQ:GOOGL), Evergrande