Category: Market Summary
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North American Morning Briefing: Stock Futures, Yields Rise After Shutdown Averted
Market Wraps Watch For: ISM Report on Business Manufacturing PMI for September; Fed speech from Jerome Powell, Patrick Harker, Loretta Mester Today’s Top Headlines/Must Reads: – Rising Rates Likely Hit Bank Balance Sheets in Quarter – China’s Economy Likely to Slow in 2024 as Headwinds Persist, World Bank Says – The Apartment Market is Hitting…
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US Futures, European Stocks Rise Ahead of European Manufacturing PMI
In the U.S. futures for the S&P 500 were up 0.7% and futures for the Dow Jones Industrial Average climbed 0.6%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.4% in morning trading. Samhaellsbyggnadsbolaget added 5% and NN Group rose 4.2%. On the other…
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U.S. Stocks Pare Early Gains; Dow Down Nearly 230 Points
U.S. stocks are drifting lower Friday afternoon, paring early gains, with investors turning cautious, weighing the latest batch of economic data and speculating the possible interest-rate path of the Federal Reserve. Concerns about the prospect of a government shutdown weigh as well on the market. The major averages all started off on a positive note,…
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Friday’s Wall Street Highlights: New Integrated, Nike, Tesla, Alphabet, and more
US index futures are trading higher in pre-market on Friday, striving to stay positive on the final trading day of September, awaiting American inflation data. Recent days have been turbulent due to heightened investor concerns about interest rates. At 6:59 AM, Dow Jones futures (DOWI:DJI) rose 154 points, or 0.45%. S&P 500 futures rose 0.46%…
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North American Morning Briefing: Mood Improves as Key Inflation Gauge Eyed
Market Wraps Watch For: Chicago Business Barometer – ISM-Chicago Business Survey for September; Personal Income and Outlays for August; University of Michigan Final Consumer Survey for September; Canada GDP for July; Carnival earnings Today’s Headlines/Must Reads – Consumer Spending Could Flash Mixed Signals. Here’s What You Need to Watch – Investors’ Bets on Mother Nature…
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US Futures Rise, European Stocks Climb as Markets Focus on US, Eurozone Inflation Data
In the U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average climbed 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.7% in morning trading. Future PLC rose 8.4% and Commerzbank added 6.2%. On the other…
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U.S. Stocks Move To The Upside As Treasury Yields Give Back Ground
After ending Wednesday’s volatile session narrowly mixed, stocks moved mostly higher during trading on Thursday. The major averages all moved to the upside on the day, with the tech-heavy Nasdaq leading the advance. While the Nasdaq climbed 108.42 points or 0.8 percent to 13,201.28, the S&P 500 increased 25.19 points or 0.6 percent to 4,299.70…
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Thursday’s Wall Street Highlights: HSBC, Meta, Ryanair, Peloton, Micron, and more
US index futures were mixed in Thursday’s pre-market as investors approached the final days of trading in a challenging month and quarter economically and financially. At 7:05 AM, Dow Jones futures rose 35 points, or 0.10%. S&P 500 futures were up 0.06%, while Nasdaq-100 futures fell 0.10%. The yield on 10-year Treasury bonds stood at…
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North American Morning Briefing: Rising Oil Prices Keep Treasury Yields High
Market Wraps Watch For: Weekly Jobless Claims; third estimate for 2Q GDP; Speeches by Jerome Powell and Lisa Cook; Earnings from Nike Today’s Top Headlines/Must Reads: – Standoff in Congress Brings Government to Brink of Shutdown – Companies Find a Fundraising Sweet Spot With Convertible Bonds – More CFOs Pull Back Spending Plans Due to…
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US Futures, European Stocks Mixed
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.1% in morning trading. Etablissementen Franz Col rose 11.2% and Deliveroo added 9.7%. On the other…