Category: Market Summary
-
Tech Sector Slump Weighs On Wall Street After Apple Downgrade
Stocks moved mostly lower during trading on Tuesday, extending the pullback seen in the final trading session of 2023. The Nasdaq showed a particularly steep drop, reflecting notable weakness among tech stocks. The Nasdaq plunged 245.41 points or 1.6 percent to 14,765.94, continuing to give back ground after ending last Wednesday’s trading at its best…
-
Profit Taking, Slump By Apple May Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to see further downside following the pullback to close out 2023. Profit taking may contribute to initial weakness on the first trading day of the new year, as some traders look to cash in on last year’s substantial…
-
Premarket Movers: ASML, Coinbase, Tesla, BYD
ASML fell 1.1% after the Dutch government blocked the company from exporting to China certain lithography systems , which are essential to making advanced microprocessors. WSJ reported the rule came after officials from the Netherlands, Japan, and the U.S. reached an agreement to start restricting such exports. Coinbase Global was up 6.4%, MicroStrategy rose 9.2%,…
-
US Futures, European Stocks Climb
U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average climbed 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.4% in morning trading. Uniper added 9.3% and MorphoSys rose 5.6%. On the other hand, Idorsia slipped…
-
U.S. Stocks Give Back Ground But Still Post Substantial Gains For The Year
Following the lackluster performance seen in recent sessions, stocks fluctuated over the course of the trading session on Friday before ending the day mostly lower. The major averages showed a lack of direction in early trading but slid more firmly into negative territory as the session progressed. Despite an afternoon recovery attempt, the major averages…
-
US Futures, European Stocks Rise
U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average increased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.2% in morning trading. Viaplay Group Series B added 2.1% and Samhaellsbyggnadsbolaget rose 1.9%. On the other…
-
U.S. Stocks Close Little Changed As Choppy Trading Persists
Stocks turned in a lackluster performance during trading on Thursday, extending the choppy trading seen throughout much of the week. The major averages eventually ended the session narrowly mixed. While the Nasdaq edged down 4.04 points or less than a tenth of a percent to15,096.14, the Dow inched up 53.58 points or 0.1 percent to…
-
US Futures Flat, European Stocks Up as Rate-Cut Optimism Boosts Mood
U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average were flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.3% in morning trading. Vestas Wind Systems climbed 2.7% and Samhaellsbyggnadsbolaget rose 2.7%. On the other hand,…
-
U.S. Stocks Finish Choppy Trading Day Modestly Higher
Stocks showed a lack of direction throughout the trading session on Wednesday, with the major averages spending the day bouncing back and forth across the unchanged line. Despite the choppy trading, the Dow reached a new record closing high, and the Nasdaq and the S&P 500 ended the day at their best closing levels in…
-
S&P Futures Edge Up Amid Optimism for Year-End Interest Rate Cut
March S&P 500 E-Mini futures are showing an upward trend this morning, following a positive close in the regular session for three major U.S. indices. This rise is fueled by the growing expectation that the Federal Reserve may initiate interest rate cuts as early as March. During Tuesday’s session, the S&P 500 reached a near…