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Apex Trader Funding (ATF) - News

Wall Street Sentiment Skittish At Start Of Fresh Trading Week, Bitcoin Stabilizes: Analyst Says 'First Half Of July Is Historically One Of The Most Bullish Periods'

U.S. stock futures are pointing to a flattish start as the broader market is perched at a record high, propped up by the tech rally. The recent strong gains are likely leaving traders a lot cautious ahead of some market-moving catalysts scheduled for the week. Federal Reserve Chairman Jerome Powell heads to Capitol Hill this week to deliver his semi-annual monetary policy testimony. Bond yields are perking up amid the rate uncertainty. Traders may also watch out for the Fed’s consumer credit report. M&A news could cushion any potential downward move during the session. Global cues are mixed, with Asia falling across the board, while European stocks have opened on a firm note. Commodities are moving to the downside. Futures Performance (+/-) Nasdaq 100 -0.02% S&P 500 -0.04% Dow -0.03% R2K +0.26% In premarket trading on Monday, the SPDR S&P 500 ETF Trust (NYSE:SPY) slipped 0.03% to $554.47 and the Invesco QQQ ETF (NASDAQ:QQQ) edged down 0.-4% to $495.97, according to Benzinga Pro data. Cues From Last Week: Wall Street advanced strongly in the week ended July 5, thanks to Powell’s dovish remarks and a string of soft data points that raised hopes of rate cuts forthcoming this year. The Nasdaq Composite and the S&P 500 Index closed ...