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US Futures are Slightly Higher to End a Strong Week for the Major Indices #Futures #SPX #Stocks

US Futures are slightly higher to end a strong week for the major indices.  The S&P 500 rallied over 2% this week through Thursday, breaking short-term downtrend resistance levels.  On the data front, April import prices rose less than expected, rising 0.3% last month.  In contrast, export prices rose more than expected, rising 0.6% last month.  At 10am, the market will get a preliminary read on May consumer confidence.  European shares are mixed with material stocks leading higher.  Asian shares closed mostly higher with technology and financial shares leading the gains.

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US Futures are Higher as April Inflation was Below Expectations #Inflation #CPI #TreasuryBudget

US Futures are higher as April inflation was below expectations.  April consumer price index show prices rose 0.2% m/m and 2.5% y/y.  When excluding food and energy, prices were up 0.1% m/m and 2.1% y/y.  Jobless claims were unchanged last week at 211K, but below expectations of a rise to 220k.  Later this afternoon the Treasury will release their latest budget information which is expected to show an $88B surplus due to high tax receipts in April.  European shares are mixed with weakness in telecommunications stocks.  Earlier, the BOE left interest rates unchanged as expected.  Asian markets closed higher as energy shares continue to lead markets higher. 

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United Asset Strategies Makes Forbes' Top Women Wealth Advisors

United Asset Strategies, Inc. is pleased to announce it has been named to this year's Forbes' Top Women Wealth Advisors list. The list spotlights over 250 standout financial strategists across the country. To compile this list Forbes researched, interviewed and assigned a nationwide ranking to each nominee. United was ranked in the top 25% of advisors on this nationwide list.

Please click on the link for the article:
https://www.forbes.com/top-women-advisors/

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US Futures are Higher a Day After President Trump Announced the Withdrawal From the Iran Nuclear Deal #IranDeal #PPI #Futures

US Futures are higher a day after President Trump announced the withdrawal from the Iran nuclear deal.  Energy stocks are leading the pre-market advance as crude oil prices are rising.  At 10:30am, the energy markets will get the latest read on crude and gasoline inventories from last week.  Earlier this morning the Bureau of Labor Statistics reported that the PPI rose less than expected in April, rising by 0.1% m/m.  When food and energy are excluded, PPI rose 0.2% m/m, in-line with forecasts.  European shares are mixed with energy stocks leading outperforming.  Asian shares closed mixed as markets tried understand the ramifications of the U.S. withdrawal from the Iran nuclear deal and potential effects to the energy markets.

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US Futures are Lower Ahead of President Trump's Decision on the International Nuclear Agreement #futures #oil

US Futures are lower ahead of President Trump’s decision on the international nuclear agreement.  Later this afternoon, President Trump is expected to announce a decision to withdraw from the Iran Nuclear deal that was negotiated between Iran and the U.S., China, France, Germany, Russia and the U.K..  A withdrawal from this agreement would open Iran to U.S. sanctions and likely curb Iran’s oil exports, with the potential to withdraw up to 500,000 barrels/day from the market.  European shares are lower as energy shares lag ahead.  Asian shares closed mostly higher with strength in technology shares.

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