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Futures dip after election surge, Fed meet in focus

“The S&P 500 futures pointed to a 0.3 percent opening loss, with investors punishing chipmaker Qualcomm Inc and generic drugmaker Perrigo Co after weak forecasts” reports businessinsider.com. While it could make it harder for President Donald Trump to push through new legislations such as additional tax cuts, investors are hoping of compromise on policies such as increasing infrastructure spending.However, some of those worries were put to rest by Wednesday’s election results, which reduced the odds of further corporate tax cuts by the Trump administration.Traders work on the floor of the NYSE in New York Thomson Reuters By Sruthi Shankar (Reuters) – U.S. stock index futures fell on Thursday following a Wall Street rally in the previous session that was spurred by relief after the midterm elections, with investor focus shifting to the Federal Reserve’s interest rate decision.
Source: businessinsider.com

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