Category: Market Summary
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North American Morning Briefing: Stock Futures, Bonds Steady Ahead of More Jobs Data
Market Wraps Watch For: Trade for August; Weekly Jobless Claims; Canada Trade for August; Fed speak from Mary Daly, Loretta Mester Today’s Top Headlines/Must Reads: – Rising Interest Rates Mean Deficits Finally Matter – Amazon, Microsoft Face UK Competition Probe Over Cloud Dominance – FTX Employees Found Alameda’s Secret Backdoor Months Before Collapse Opening Call:…
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US Futures Slip, European Stocks Mixed
In the U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average fell 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.2% in morning trading. Pandora added 7.6% and Bawag Group rose 6.3%. On the other…
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U.S. Stocks Close Mostly Higher As Treasury Yields Pull Back Off 16-Year Highs
After turning in a lackluster performance early in the session, stocks moved mostly higher over the course of the trading day on Wednesday. The major averages all moved to the upside on the day, bouncing off their lowest closing levels in four months. The major averages all finished the day firmly positive, with the tech-heavy…
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Wednesday’s Wall Street Highlights: Apple, Intel, Cal-Maine, A10 Networks, and more
US index futures are slightly down in Wednesday’s pre-market, following a challenging session that pushed the Dow Jones into negative territory for the year 2023. Signs of stabilization emerge as Treasury yields firm up, and the dollar, after climbing to a 10-month peak against the G10 currencies, stabilizes. At 06:42 AM, Dow Jones futures (DOWI:DJI)…
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US Futures, European Stocks Fall as Bond Selloff Intensifies
In the U.S. futures for the S&P 500 were down 0.5% and futures for the Dow Jones Industrial Average declined 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.3% in morning trading. Orpea added 3% and Tesco climbed 2.2%. On the other hand,…
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U.S. Stocks Tumble To Four-Month Lows Amid Ongoing Interest Rate Concerns
With traders continuing to express concerns about the outlook for interest rates, stocks moved sharply lower over the course of the trading day on Tuesday. The major averages all showed substantial moves to the downside after ending Monday’s trading mixed. The major averages climbed off their worst levels going into the close but still posted…
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Tuesday’s Wall Street Highlights: GM, Airbnb, Tesla, Apple, Oddity Tech, and more
US index futures are declining in Tuesday’s pre-market as investors monitor the rise in Treasury yields. At 07:31 AM, Dow Jones futures (DOWI:DJI) fell 90 points, or 0.27%. S&P 500 futures dropped 0.32%, and Nasdaq-100 futures were down 0.44%. The yield on 10-year Treasury bonds stood at 4.735%, adding to yesterday’s 10-point increase. In the…
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North American Morning Briefing: Bond Yields Hold Near 16-Year Highs
Market Wraps Watch For: JOLTS jobs openings data for August; Fed speak from Raphael Bostic Today’s Top Headlines/Must Reads: – When Will the Fed Stop Raising Rates? That’s the Trillion-Dollar Question for Bond Investors – U.S. Car Sales Expected to Increase Again in the Third Quarter – Why Rising Interest Rates Hurt Bank Stocks Instead…
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US Futures, European Stocks Mostly Down
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average decreased 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. Sweco Series B climbed 2% and CD Projekt rose 1.9%. On the…
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Nasdaq Closes Firmly In Positive Territory But Dow Edges Lower
After ending last Friday’s trading on opposite sides of the unchanged line, the major U.S. stocks indexes turned in another mixed performance during trading on Monday. While the tech-heavy Nasdaq ended the day firmly in positive territory, the Dow dipped to its lowest closing level in four months. The Nasdaq climbed 88.45 points or 0.7…