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“Beating the competition is relatively easy. Beating yourself is a never-ending commitment.” – Phil Knight
Futures are modestly higher this morning for both the Nasdaq and S&P 500 as investors look to close out an already positive week for stocks on a good note. Economic data released this morning was mixed, but important readings in inflation were either in line with or slightly below expectations. The only other report on the calendar is Michigan Confidence at 10 AM, plus a number of FOMC speakers throughout the day.
Read today’s Morning Lineup for a recap of all the major market news and events from around the world, updates on economic data from Asia and Europe, the latest US and international COVID trends including our vaccination trackers, and much more.
Dow futures are leading the charge this morning, but if it weren’t for Nike (NKE), they’d actually be modestly low. After a blowout report last night, NKE is indicated to open up by over 13% to record highs, breaking its trend of lower highs that had been in place since earlier in the year in the process.