A big batch of important economic data in coming days discourages traders from making overly bold bets as the month draws to a close.
U.S. stock futures were a tad firmer as traders looked ahead to a speech from the Federal Reserve chairman and awaited a big batch of important economic data.
How are stock index futures trading On Tuesday, the Dow Jones Industrial Average DJIA rose 3 points, or 0.01%, to 33853, the S&P 500 SPX declined 6 points, or 0.16%, to 3958, and the Nasdaq Composite COMP dropped 66 points, or 0.59%, to 10984. “A speech by Federal Reserve Chair Powell later today is expected to reiterate the central bank’s determination to focus on inflation as its core objective, regardless of the potential ramifications,” said Richard Hunter, head of markets at Interactive Investors,
Henry Allen, strategist at Deutsche Bank, noted Powell’s comments would likely be his last before the Fed begins its blackout period this weekend ahead of its December 14th policy meeting. One of the Fed’s most closely watched inflation gauges, the personal consumption expenditures index, will be published on Thursday, followed on Friday by the nonfarm payrolls report.
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An investigation of open clusters Berkeley 68 and Stock 20 using CCD UBV and Gaia DR3 dataWe performed detailed photometric and astrometric analyses of the open star clusters Berkeley 68 and Stock 20. This was based on ground-based CCD UBV photometric data complemented by space-based Gaia Data Release 3 photometry and astrometry. 198 stars were identified as likely cluster members for Berkeley 68 and 51 for Stock 20. Two-color diagrams were used to derive the reddening and photometric metallicity for each cluster. The reddening for Berkeley 68 is $E(B-V)=0.520 \pm 0.032$ and $0.400 \pm 0.048$ mag for Stock 20. Photometric metallicity [Fe/H] is $-0.13 \pm 0.08$ dex for Berkeley 68, and $-0.01 \pm 0.06$ dex for Stock 20. Keeping as constant reddening and metallicity, we determined the distance moduli and ages of the clusters through fitting isochrones to the UBV and Gaia based color-magnitude diagrams. Photometric distances are $d=3003 \pm 165$ pc for Berkeley 69 and $2911 \pm 216$ pc for Stock 20. The cluster ages are $2.4 \pm 0.2$ Gyr and $50 \pm 10$ Myr for Berkeley 68 and Stock 20, respectively. Present-day mass function slopes were found to be $Γ=1.38 \pm 0.71$ and $Γ=1.53 \pm 0.39$ for Berkeley 68 and Stock 20, respectively. These values are compatible with the value of Salpeter (1955). The relaxation times were estimated as 32.55 Myr and 23.17 Myr for Berkeley 68 and Stock 20, respectively. These times are less than the estimated cluster ages, indicating that both clusters are dynamically relaxed. Orbit integration was carried out only for Berkeley 68 since radial velocity data was not available for Stock 20. Analysis indicated that Berkeley 68 was born outside the solar circle and belongs to the thin-disc component of the Milky Way.
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