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Market Update: US Equities Set to Open in the Green
US stock futures traded slightly higher on Tuesday, following gains in the prior session, as inflation fears eased and traders regained an appetite for risk. On the corporate front, Amazon.com Inc could finalize the deal to acquire Hollywood studio Metro-Goldwyn-Mayer (MGM) Holdings for over $9 billion as early as this week, reported the Wall Street Journal on Monday. In cryptocurrency news, Tesla CEO Elon Musk said he had a meeting with Bitcoin miners on switching to renewable energy, after which digital currencies soared. Traders now look toward the release of US consumer prices and the 2nd estimate Q1 GDP later in the week. On Monday, the Dow Jones Industrial Average rose 0.54%, to 34,394, the S&P 500 gained 0.99%, to 4,197 and the Nasdaq Composite or 1.41%, to 13,661. [/s2If]
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