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US Stocks Could Lose Momentum Thursday As Futures Trade Flat Ahead Of Powell Speech — Tesla, GameStop In Focus

The major U.S. index futures are little changed on Thursday, as apprehensions return after Wednesday’s strong advances. Investors are left to contend with more Fed speeches, while the corporate news flow remains fairly light. On Wednesday, U.S. stocks opened mostly higher and stayed above the unchanged line for the bulk of the session, before closing notably higher.

BILI

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Fear & Greed Index Remains In ‘Fear’ Zone Ahead Of Powell’s Speech

The CNN Money Fear and Greed index remained in the "fear" zone, despite a surge in U.S. stocks on Wednesday. Wall Street has recorded sharp losses since mid-August following hawkish remarks by Fed Chair Jerome Powell. Markets are now expecting a 75-basis-point rate increase by the Federal Reserve later this month to combat surging inflation.

AAPL