Posted 12/4/2023, 12:26:01 PM
Stock Futures Retreat As Doubts Emerge Over Rate Cut Prospects While Broader Rally May Be Overdone
- Stock futures retreated on Monday as doubts emerged about prospects for a US interest rate cut
- Expectations of rate cuts have lifted stocks to 5 straight weekly gains; analysts warn rally may be overdone
- November jobs report on Friday could undermine rally if data contradicts notion of Fed policy pivot
- Hopes for Fed pivot also boosted bitcoin over $41K, lifting crypto prices from 2022 rout
- Alaska Air to acquire Hawaiian Airlines in $4.3B deal; Hawaiian shares skyrocketed, Alaska shares fell