Category: Market Summary
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30-Year Bond Auction, Powell Remarks Lead To Pullback On Wall Street
Stocks showed a lack of direction for much of morning trading on Thursday but came under considerable pressure in the afternoon. The major averages all showed notable moves to the downside, with the Nasdaq and the S&P 500 snapping their longest winning streaks in two years. The major averages climbed off their worst levels going…
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Thursday’s Wall Street Highlights: Nvidia, Duolingo, Disney, Virgin Galactic, Applovin, and more
U.S. index futures are mixed in Thursday’s pre-market, reflecting a scenario influenced by both divergent quarterly results and unfavorable economic indicators emerging from China. Investors are eagerly focusing on the upcoming speech by Jerome Powell, Chairman of the Federal Reserve, in search of signals that could guide market trends. At 06:34, Dow Jones futures (DOWI:DJI)…
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North American Morning Briefing: Traders Await Powell Speech
Market Wraps Watch For: Weekly Jobless Claims; World Agricultural Supply & Demand Estimates (WASDE) Today’s Top Headlines/Must Reads: – Goolsbee Says Fed Will Need to Monitor Risks of Overshooting on Rates – Goldman adds half-point to estimate on where Fed rates will settle – Google Antitrust Trial Exposes Deepening Rift With Microsoft Opening Call: Stock…
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US Futures, European Stocks Down as Powell Speech Eyed
U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average declined 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.3% in morning trading. Nexi climbed 6.5% and Schneider Electric climbed 5.4%. On the other hand, S4…
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U.S. Stocks Close Little Changed Following Lackluster Session
Stocks showed a lack of direction over the course of the trading day on Wednesday, with the major averages bouncing back and forth across the unchanged line after trending higher over the past several sessions. The major averages eventually ended the session narrowly mixed. While the Dow edged down 40.33 points or 0.1 percent to…
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
December S&P 500 futures are trending up this morning as investors looked ahead to comments from Fed Chair Jerome Powell for further clues on the U.S. central bank’s monetary policy path while also awaiting an earnings report from Disney. U.S. rate futures have priced in a 9.8% probability of a 25 basis point rate increase…
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Wednesday’s Wall Street Highlights: Spirit AeroSystems, Upstart, Toast, Upwork, Take-Two, Sleep Number, and more
U.S. index futures signal a muted opening in Wednesday’s pre-market as investors assess the impact of the recently released inflation rate in Germany and review corporate earnings results. The market is on hold, awaiting remarks from Jerome Powell, the Federal Reserve Chairman, which could provide new clues on the direction of monetary policy. As of…
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North American Morning Briefing: Stock Futures Tread Water With More Fed Speakers Eyed
Market Wraps Watch For: Wholesale Inventories for September; Canada Building Permits for September; Fed speak from Jerome Powell, John Williams, Michael Barr, Phillip Jefferson; Earnings from Disney, Warner Bros, Lyft Today’s Top Headlines/Must Reads: – China Is Becoming a Problem for Investors – We’re Producing Too Much Coal, Oil and Gas, Report Says – Same…
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US Futures Flat, European Stocks Slip
U.S. futures for the S&P 500 were down 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 fell 0.3% in morning trading. Auto1 Group climbed 10.8% and Marks & Spencer Group rose 8.8%. On the…
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Dow, S&P 500 Reach Best Closing Levels In Well Over A Month
Stocks moved mostly higher over the course of the trading day on Tuesday, extending the upward trend seen over the past several sessions. With the continued advance, the Dow and the S&P 500 reached their best closing levels in well over a month. The major averages pulled back off their best levels going into the…