Dow Futures Gain Ahead of GDP Data, Tech Earnings: Dollar Eases and Oil Steadies [TheStreet.com]
Alphabet Inc. - Class C Capital Stock (GOOG)
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Source: TheStreet.com
The Wednesday Market MinuteU.S. equity futures bumped higher Wednesday, while the dollar eased and oil prices steadied, as investors dug in for a busy session on Wall Street with key tech and industrial earnings, a first quarter assessment of the domestic economy and a Fed policy statement.Google parent Alphabet(GOOGLGet ReportWith FacebookFBMSFTGEBAFirst quarter GDP data, however, could throw a wrench into the bullish market sentiment at 8:30 am, as investors get their first look at the damage the coronavirus pandemic has caused to the domestic economy and use the reading as a gauge to forecast contraction in the second quarter.Still, even with U.S. coronavirus infections topping 1 million, by far the largest total in the world, and economists expecting at 4% contraction in GDP in the first quarter -- and the steepest recession on record once the current quarter is complete -- stocks have continued to surprise, with the S&P 500 some 28% higher from its March 23 nadir . contracts tied
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