Category: Market Summary
-
U.S. Stocks Recover From Early Pullback But Still Close Mostly Lower
Following the rally seen over the two previous sessions, stocks showed a significant pullback during morning trading on Monday. The major averages staged a recovery attempt over the course of the afternoon but still finished the day in negative territory. The tech-heavy Nasdaq dipped 31.28 points or 0.2 percent to 15,597.68 after falling as much…
-
US Index Futures Down, Oil Prices Slide – Market Responds to Powell’s Remarks Ahead of Opening Bell
U.S. index futures are down in Monday’s pre-market, reflecting the impact of Jerome Powell’s statements in a CBS interview on Sunday. The Fed chairman tempered expectations for immediate interest rate cuts, signaling a more cautious approach. This scenario precedes a week full of corporate earnings releases and comes in a context of geopolitical tensions in…
-
U.S. Stocks Extend Thursday’s Rally On Upbeat Meta, Amazon Results
Stocks moved sharply higher over the course of the trading day on Friday, extending the recovery rally seen during trading Thursday’s session. The major averages more than offset the steep drop seen on Wednesday, with the Dow and the S&P 500 reaching new record closing highs. The major averages pulled back off their best levels…
-
Futures Give Back Ground Following Jobs Report But Remain Positive
The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to extend the significant rebound seen during the previous session. The markets may benefit from a positive reaction to earnings news from Facebook parent Meta Platforms (META) and online retail giant Amazon (AMZN). Shares of Meta are spiking…
-
U.S. Stocks Show Strong Move Back To The Upside After Yesterday’s Sell-Off
Following the sell-off seen in the previous session, stocks showed a strong move back to the upside during trading on Thursday. The major averages fluctuated early in the session but climbed firmly into positive territory as the day progressed. The major averages finished the session near their best levels of the day. The Dow jumped…
-
Futures Pointing To Initial Rebound On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to regain ground following the sell-off seen in the previous session. Some traders may see the steep drop seen on Wednesday as a buying opportunity amid optimism the markets will resume the upward trend seen throughout much of…
-
U.S. Stocks Move Sharply Lower As Fed Casts Doubt On March Rate Cut
Stocks moved sharply lower over the course of the trading day on Wednesday, with the major averages all moving to the downside following the mixed performance seen in the previous session. The tech-heavy Nasdaq posted a particularly steep loss, extending the notable pullback seen on Tuesday. The major averages finished the session near their worst…
-
U.S. Futures Waver Ahead of Fed Decision Amid Mixed Corporate Earnings; Oil Prices Slide
U.S. futures are mixed in Wednesday’s pre-market ahead of the Federal Reserve announcement, with expectations focused on interest rate maintenance and future monetary policy guidance by Jerome Powell. Meanwhile, Alphabet (NASDAQ:GOOGL) and Microsoft (NASDAQ:MSFT) are experiencing declines following mixed results. As of 05:37 AM, Dow Jones futures (DOWI:DJI) rose by 25 points, or 0.06%. S&P…
-
Dow Reaches New Record High But Nasdaq Gives Back Ground
After ending Monday’s session firmly in positive territory, the major U.S. stock indexes turned in a mixed performance during trading on Tuesday. While the tech-heavy Nasdaq showed a notable pullback, the Dow climbed to a new record closing high. The Dow ended the day up 133.86 points or 0.4 percent at 38,467.31, while the Nasdaq…
-
U.S. Futures Dip Ahead of Housing, Employment Data, Oil Prices Slightly Up
U.S. index futures are down in Tuesday’s pre-market as investors await today’s data on housing, employment, and consumer confidence, anticipating tomorrow’s monetary policy announcement. At 6:03 AM, Dow Jones futures (DOWI:DJI) dropped 56 points, or 0.15%. S&P 500 futures fell 0.12%, and Nasdaq-100 futures declined by 0.07%. The yield on 10-year Treasury notes was at…