Stocks Pause at Highs Ahead of Busy Week for Economic Data, Inflation, and GDP
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US equity futures signaled a pause for stocks around their all-time highs ahead of a busy economic data week, including the Fed's preferred inflation measure.
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Investor focus shifts from earnings to economic data like 4Q GDP, core PCE price index, consumer confidence, and durable goods.
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Traders booking profits on tech stocks after a 6-week buying streak, putting cash into less volatile consumer staples stocks.
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MSCI Asia Pacific index steady as a continued rally in Japanese shares countered declines in China, where the mainland benchmark snapped its longest winning streak since 2018.
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Oil prices fell further after dropping last week, as traders await fresh clues about global demand and balances in March and beyond.