Us 500 futures opened slightly higher at 5

US 500 futures opened slightly higher at 5,214, supported by strong semiconductor sector performance. The market stays buoyed by above-estimate earnings from large-cap tech, with futures traders targeting the 5,230 level as near-term resistance before CPI data release. Well, the last halving took place in April 2024, so it's soon going to be 18 months. As a result, red danger signals should be flashing right now, alerting investors that the Bitcoin rally of the past 18 months could be coming to an end soon. Just look back to November 2021, when Bitcoin suddenly nosedived in value after hitting a (then) all-time high of $69,000. Data released Wednesday from processing firm ADP showed that private payrolls fell by 32,000 last month, well below the gain of 45,000 that economists polled by Dow Jones had estimated. This reading, which signifies the biggest drop since March 2023, takes on even greater importance now that there's an economic data blackout because of the shutdown. US 500 futures edged higher in early Tuesday trading, hovering around 5,210, as investors priced in resilient U.S. economic data and a potential softer Fed stance. Traders are watching the tech-heavy sectors, given strong earnings momentum, alongside inflation readings scheduled later this week. Short-term momentum suggests caution above 5,230 resistance.