U.S stock index futures slightly lower, record-breaking rally taking a breather.
Due to the ongoing stalemate in the Middle East peace negotiations, Brent crude oil remains above $100 per barrel, and the record-breaking surge in the US stock market has temporarily come to a halt. At 8:24 New York time, S&P 500 index futures fell by 0.2%. This pullback indicates that after a 9% cumulative increase in April, US stocks may take a breather. Nasdaq 100 index futures dropped by 0.2% and Dow Jones futures fell by 0.3%. Earlier, strong corporate earnings and record-breaking increases in chip stocks drove a significant rebound in the US stock market.
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