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Nvidia slumps, January PCE, bitcoin sells off: 3 Things
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US stock futures (ES=F, NQ=F, YM=F) move a bit higher while Nvidia (NVDA) shares slump in Friday's pre-market trading.
The Federal Reserve's preferred inflation gauge, the Personal Consumption Expenditures (PCE) index, saw core prices rise 2.6% year-over-year while personal income grew 0.9% month-over-month in January.
Cryptocurrency bitcoin (BTC-USD) slides even lower, falling below $79,000 overnight. The digital asset currently hovers above $81,000.
To watch more expert insights and analysis on the latest market action, check out more Morning Brief here.
This post was written by Luke Carberry Mogan.
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