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US equity futures slide as a recovery rally in AI fades. Meta boosts its capital spending plans for the year. Oil rises as the US pulls some diplomats from Saudi Arabia amid worsening tensions between Houthis and Iran. George Goncalves of MUFG joins "Bloomberg Brief" to discuss opportunities in bonds amid market volatility. (Source: Bloomberg)
The US midterm election is less than a month away, and Wall Street is bracing for stocks to fall if Democrats regain control of both houses of Congress. Voters appear likely to hand the party a majority in at least the House of Representatives. The outlook for the Senate is far less certain, though Democratic candidates have a polling edge in key races. With control of even one chamber, the party would gain majorities on committees that can propose legislation and hold hearings โ including on to
JPMorgan Asset Management has included Bitcoin in its long-term capital market assumptions for the first time, forecasting returns that could beat stocks, bonds and gold in a milestone for its Wall Street acceptance.
Cboe Global Markets Inc. launched pre-market trading in single-stock options, like those on ETFs tracking major stock indexes.