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US Stock Futures Rise, Set For 8th Consecutive Week Of Gains US equity futures are higher into the long weekend, with the S&P 500 gaining for an 8th consecutive week higher, its longest streak of weekly wins since 2023 with sustained momentum in popular thematics, thanks to a liquidity boost, supportive macro readings, solid earnings and hopes that the US and Iran are moving closer to a peace deal, not to mention unrelenting enthusiasm for artificial intelligence which is fueling a historic gamma squeeze. As of 7:30am ET, S&P futures are 0.2%...

Surging Services Costs Spark Unexpected Surge In US Producer Prices In January US Producer Prices came in hotter than expected in January, with the headline PPI rising 0.5% MoM (vs +0.3% exp), higher than the revised +0.4% MoM in December. This left Producer Prices up 2.9% YoY (hotter than expected but below December's +3.0%)... Source: Bloomberg Under the hood, we see a surge in Services costs (not tariff related) dominated the rise in PPI (while Energy saw deflation) Final demand services: The index for final demand services advanced 0.8% in January, the largest...

Quantum Stocks Erupt As U.S. Gov't Awards $2 Billion, Takes Equity Stakes IBM and small-cap quantum names, including IonQ, D-Wave Quantum, Rigetti Computing, Infleqtion, and other peers, are surging in New York premarket trading after a Wall Street Journal report said the Trump administration is preparing to award $2 billion in CHIPS Act grants to nine quantum-computing companies. IBM is set to receive half of the $2 billion tranche, or about $1 billion, as the large-cap leader in the race to build quantum computing systems that could revolutionize national security, accelerate...