Category: Market Summary
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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…
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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…