US stocks feared to have the longest weekly decline since 2022, traders approaching the weekend cautiously betting.
As traders become increasingly anxious about the prolonged Middle East war, the U.S. stock market is on track for its longest weekly decline since 2022, with global bond markets also falling. At 8:25 New York time, S&P 500 index futures fell 0.4%, with the benchmark index expected to decline for the fifth consecutive week. Nasdaq 100 index futures dropped 0.6%, while Dow futures fell 0.4%. Amlie Derambure, multi-asset investment portfolio manager at Amundi, said, "Trump's remarks brought hope several times, but it was quickly shattered. Now the market is demanding higher standards for policy statements. 'TACO trades' are now more difficult to carry out, as the situation is no longer able to return to square one."
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