Analysts React to Huawei Victim's Update

The Dow is aiming for a fourth consecutive up day

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Opening View
 
 

6/06/2019

Social Security Accounting Errors: Did You Win or Lose?


Three recent audits by the Office of Inspector General (OIG) exposed what might be some of the most irresponsible Social Security errors since they began monitoring government oversights, over 40 years ago. As a result, tens of thousands of Americans who have filed to collect certain benefits may be collectively owed hundreds of millions in underpaid checks. So the question remains - did you win or lose?

Click here to learn more about this investigative report.

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Stock Futures Hold Gains After Trade Data

By Josh Selway

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Investor hope for a potential Fed rate cut has stock futures trading above fair value, setting the Dow Jones Industrial Average (DJI) up for a fourth straight win. Also in focus are President Donald Trump's tweets about immigration and tariff discussions with Mexico from last evening, in which he wrote, "Progress is being made, but not nearly enough!" Elsewhere, the President told reporters new tariffs a could be levied on another $300 billion in Chinese goods.

On the data front, weekly jobless claims came in near expectations, with 218,000 Americans filing for unemployment benefits, while productivity for the first quarter was downwardly revised to 3.4% from 3.6%, and the goods trade deficit with China jumped nearly 30% in April to $26.9 billion. Still, the S&P 500 Index (SPX) and Nasdaq-100 Index (NDX) look poised to join the Dow in positive territory at the open.

Continue reading for more on today's market, including: 

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