US Stocks Likely To Open In Red As Investors Remain Cautious Ahead Of Key Payrolls Data: Bitcoin's Rally Above $100K Is 'Precursor' To S&P 500's Performance For Rest Of The Year, Fundstrat's Tom Lee Says
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U.S. stocks are expected to open lower as investors remain cautious ahead of key payroll data. Futures for major indices are down, indicating a cautious sentiment. Bitcoin's rally above $100K is seen as a precursor to the S&P 500's performance for the rest of the year, according to Fundstrat's Tom Lee.
December 06, 2024 | 11:45 am
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The iShares S&P 500 ETF (IVV) may see a cautious opening as futures for major indices, including the S&P 500, are down. Bitcoin's performance is suggested to influence the S&P 500's future.
The article suggests a cautious sentiment in the market with futures down, which could negatively impact IVV. Additionally, Bitcoin's performance is highlighted as a potential influence on the S&P 500, which IVV tracks.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80