Category: Market Summary
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Profit Taking Contributes Late-Day Sell-Off On Wall Street
Stocks recovered from initial weakness and moved mostly higher over the course of morning trading on Wednesday but came under significant pressure in the latter part of the session. The major averages moved sharply lower in late-day trading, partly offsetting recent strength. The major averages saw further downside going into the close, ending the session…
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Tesla Offers No Yearly Merit Bonuses, FedEx EPS Falls Short, Alibaba Leadership Shift, and More
U.S. index futures show a negative trend in pre-market trading this Wednesday, in contrast to the robust recovery observed in the major indices in 2023. At 05:02 AM, the Dow Jones futures (DOWI:DJI) fell 19 points, or 0.05%. The S&P 500 futures fell 0.15%, and the Nasdaq-100 futures declined 0.28%. The 10-year Treasury bond yield…
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US Futures Flat, European Stocks Up as Rate-Cut Hopes Underpin Sentiment
U.S. futures for the S&P 500 were flat 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 0.4% in morning trading. Raiffeisen Bank Intl climbed 10.3% and United Internet rose 6.7%. On the other hand,…
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Dow, Nasdaq Close Higher For Ninth Consecutive Session
Stocks moved mostly higher early in the session on Tuesday and saw continued strength throughout the trading day. With the upward move, the Dow and the Nasdaq extended their recent winning streaks to nine consecutive sessions. The major averages saw further upside going into the close, reaching new highs for the session. The Dow advanced…
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Google $700M Antitrust Settlement, TSMC Chairman Retirement, Tesla Nevada Wage Hike, and More
U.S. index futures maintain stability in Tuesday’s pre-market, on a day with few scheduled economic events. As of 05:28 AM, the futures of the Dow Jones (DOWI:DJI) rose 17 points, or 0.05%. The futures of the S&P 500 rose 0.06% and the futures of the Nasdaq-100 rose 0.03%. The yield rate of 10-year Treasury bonds…
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US Futures Flat, European Stocks Gain
U.S. futures for the S&P 500 were flat 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 climbed 0.3% in morning trading. Samhaellsbyggnadsbolaget added 4.3% and Auto1 Group rose 2.8%. On the other hand, Assura dropped…
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U.S. Stocks Move Mostly Higher, Extending Last Week’s Rally
Stocks moved mostly higher over the course of the trading session on Monday, adding to the strong gains last week. The Nasdaq and the S&P 500 climbed firmly into positive territory, although the narrower Dow ended the day little changed. While the Dow inched up 0.86 points or less than a tenth of a percent…
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Illumina’s Grail Divestment, Arm’s China Layoffs, IBM’s Software AG Acquisition, and More
U.S. index futures started the week in positive territory on Monday, after the three major indices recorded seven consecutive weeks of gains. At 5:10 AM, Dow Jones futures (DOWI:DJI) rose 64 points, or 0.17%. S&P 500 futures rose 0.21%, and Nasdaq-100 futures rose 0.12%. The yield on 10-year Treasury bonds was at 3.898%. In the…
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US Futures Climb, European Stocks Slip
U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average climbed 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.3% in morning trading. Vodafone Group rose 4.5% and Entain added 3.8%. On the other hand, Idorsia…
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Dow Finishes Lackluster Session At New Record Closing High
After moving notably higher over the past several sessions, stocks turned in a relatively lackluster performance during trading on Friday. Despite the choppy trading, the Dow reached another new record closing high. The Dow edged up 56.81 points or 0.2 percent to 37,305.16, closing higher for the seventh consecutive session. The Nasdaq also climbed 52.36…