Morning Wrap: ASX 200 futures flat, S&P 500 edges higher, Uranium stocks to extend gains

The S&P 500 and Nasdaq mark the first weekly gain of 2024, US stocks edged higher despite underwhelming big bank results and big declines in airline stocks, Tesla shares drop on China price cuts and German plant shutdown, the US and UK launch airstrikes against Houthi rebels, US producer prices unexpectedly fall, uranium stocks continue to soar on production headwinds and why the Bitcoin ETF is bearish for prices (at least historically speaking).

Let’s dive in. S&P 500 SESSION CHART

S&P 500 intraday S&P 500 marginally higher, down from best levels (Source: TradingView) MARKETS

S&P 500 marginally higher but off session highs of 0.46% S&P 500 and Nasdaq logged weekly gains of 1.9% and 3.1% after a two-week losing streak and a sluggish start to 2024 Treasury yields eased after US PPI unexpectedly declined in December, the US 2-year yield marked its lowest close since 17 […]

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