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Futures fall after key averages open lower.

Stock futures dipped Tuesday morning after the BOJ widened its yield target range.

Futures fall after key averages open lower.


Dow futures fell 236 points (0.72%). S&P 500 futures lost 0.86 and 1.05 percent.

The Dow fell 162 points, or 0.5%, on Monday. S&P 500 declined 0.9% and Nasdaq Composite lost 1.5%. Stocks are set to conclude the month and year in the red, and investors' dreams for a Santa Claus bounce are evaporating.

No Santa yet. Louis Navellier, founder of Navellier & Associates, remarked, "buckle up." "One hopes the awful news is over. No Fed moves until February. We're not gapping down but not recouping last week's losses."

Investors feared the Fed may cause a recession. The central bank boosted its benchmark interest rate by 50 basis points last week and said the terminal rate might reach 5.1%.

The European Central Bank raised rates and forecast future hikes last week, further pressuring traders.

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Over 90% of central banks raised interest rates this year, a (largely) global coordinated effort, said LPL Financial's Lawrence Gillum. What's good? We think rate hikes are nearing a halt, which might reduce the headwind on global financial markets this year.

This week, before Christmas, several significant firms will publish quarterly results. General Mills reports Tuesday. Nike and FedEx post-bell.

Tuesday brings November housing starts data. This week offers housing business knowledge. Existing-home sales data will be available Wednesday and Friday.

Friday is the Fed's favorite inflation metric, November's personal consumption expenditures data.

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