Category: Market Summary
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U.S. Stocks Move Sharply Lower After Fitch Downgrades Credit Rating
After ending Tuesday’s session modestly lower, stocks showed a more substantial move to the downside during trading on Wednesday. The tech-heavy Nasdaq led the sell-off, while the Dow pulled back off its best closing level in well over a year. The major averages climbed off their worst levels going into the close but remained sharply…
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Wednesday’s Wall Street Highlights: CVS Health, Starbucks, Freshworks, EA, AMD and more
US index futures are down in premarket trading on Wednesday, as the downgrade of US credit ratings by Fitch Ratings ended up weighing on investor sentiment. By 7:17 AM, Dow Jones futures (DOWI:DJI) were down 110 points, or 0.31%. S&P 500 futures were down 0.49%, while Nasdaq-100 futures were down -0.73%. The 10-year Treasury yield was at…
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North American Morning Briefing: Stock Futures Slide on Fitch Downgrade
Market Wraps Watch For: ADP Employment Report; EIA Weekly Petroleum Status Report; earnings from Carlyle Group, CVS Health, DuPont, Humana, Kraft Heinz, PayPal, Qualcomm, Shopify Today’s Headlines/Must Reads – Oil Prices Perk Up as Recession Worries Ebb and Supply Tightens – Hong Kong’s Property Market Is a Mess-and the Fed Is Partly to Blame –…
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Nasdaq, S&P 500 Move To The Downside But Dow Reaches Best Closing Level In Over A Year
Following a strong July, U.S. stocks saw modest weakness to kick off the month of August. The Nasdaq and S&P 500 moved to the downside, although the narrower Dow managed to finish the day in positive territory. The Nasdaq slid 62.11 points or 0.4 percent to 14,283.91 and the S&P 500 fell 12.23 points or…
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Traders May Cash In On Strong July Gains In Early Trading
US Market The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to move back to the downside after ending yesterday’s lackluster session modestly higher. Profit taking may contribute to initial weakness on Wall Street, as some traders look to cash in on the strong gains posted in…
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North American Morning Briefing: Latest China Data Drags on Mood
Market Wraps Watch For: ISM Report on Business Manufacturing PMI; Construction Spending; Canada Manufacturing PMI; earnings from Caterpillar, Merck, Pfizer, Starbucks, Uber Today’s Headlines/Must Reads – Earnings Season Threatens Lofty Stocks – BlackRock, MSCI Face Congressional Probes for Facilitating China Investments – Carbon Offset Market Opens to Small Southern Timberland Owners – DeSantis Super PAC…
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US Futures Fall, European Stocks Mixed as Economic Data, Corporate Earnings in Focus
In the U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average fell 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.1% in morning trading. Atos added 7.9% and TeamViewer rose 5.2%. On the other hand,…
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U.S. Stocks Finish Lackluster Session Modestly Higher
Stocks showed a lack of direction throughout the trading session on Monday, with the major averages spending the day bouncing back and forth across the unchanged line after last Friday’s trading firmly in positive territory. The major averages moved to the upside going into the close, ending the day modestly higher. The Dow rose 100.24…
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Monday’s Wall Street Highlights: Palantir Technologies, Walmart, Yellow Corp, J&J, and more
US Index Futures are trading mixed in the pre-market on Monday, awaiting a busy week of quarterly results, while European markets operate without defined direction reverberating economic indicators in the euro zone and in Germany. By 6:54 AM, Dow Jones (DOWI:DJI) futures were up 44 points, or 0.12%. S&P 500 futures were up 0.09%, while Nasdaq-100 futures…
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North American Morning Briefing: Wall Street Eyes Five-Month Winning Streak
Market Wraps Watch For: Chicago Business Barometer-ISM-Chicago Business Survey-Chicago PMI; University of Michigan Final Consumer Survey Today’s Headlines/Must Reads – How the U.S. Economy Is Sticking the Soft Landing – Why the Drivers of Lower Inflation Matter – Everyday Investors Are Thriving in a World Awash in Yield – The Benefit of Owning Stocks Over…