Category: Market Summary
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Wednesday’s Wall Street Highlights: Nvidia, Micron, AST SpaceMobile, UBS and more
US Index Futures are lower on the prospect of tighter restrictions on AI technology exports to China. Investors are also looking forward to Federal Reserve Chair Jerome Powell joining a panel with other central bank leaders seeking insights on US monetary policy. By 7:05 AM, Dow Jones (DOWI:DJI) futures were up 18 points, or 0.05%. S&P 500 futures…
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North American Morning Briefing: Chip Stocks Take Beating on Report of China Export Ban
Market Wraps Watch For: EIA Weekly Petroleum Status Report; Jerome Powell participates in a policy panel discussion at the European Central Bank forum on central banking; Earnings from Micron, BlackBerry Today’s Top Headlines/Must Reads: – China’s Industrial Profit Decline Narrowed in May – Cheaper Natural-Gas Prices in Store This Summer – FTX Begins Talks on…
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US Futures Mixed, European Stocks Rise as Investors Weigh Upbeat U.S. Data
In the U.S. futures for the S&P 500 were down 0.2% 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 gained 0.4% in morning trading. Samhaellsbyggnadsbolaget added 14.1% and Orpea rose 4.7%. On the other hand,…
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Upbeat U.S. Economic Data Contributes To Rally On Wall Street
Stocks moved sharply higher over the course of the trading day on Tuesday, regaining ground following recent weakness. The major averages all moved to the upside on the day, with the Dow snapping a six-session losing streak. The major averages pulled back off their best levels going into the close but held on to strong…
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Tuesday’s Wall Street Highlights: Walgreens, Lordstown Motors, AMD and more
US stock futures show timid signs of recovery after Chinese Premier Li Qiang’s speech at the World Economic Forum, announcing the country’s intention to implement new, “more effective” measures to boost domestic demand. The sectors with the best pre-market performances are telephony, technology and energy. By 07:02 AM, Dow Jones (DOWI:DJI) futures were up 3 points, or…
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US Futures, European Stocks Rise as Inflation Back in Focus for Investors
In the U.S. futures for the S&P 500 were up 0.4% 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 0.4% in morning trading. Orpea added 8.7% and Prosus rose 8.2%. On the other hand,…
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U.S. Stocks Close Weak On Growth Worries; Nasdaq Sheds More Than 1 Percent
U.S. stocks closed lower on Monday with those from the technology sector suffering sharp losses. Worries about tighter monetary policies and the impact of higher rates on economic growth weighed on the market. Investors looked ahead to the results of Bank Stress Tests, and some crucial economic data releases this week. The major averages all…
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Monday’s Wall Street Highlights: Goldman Sachs, IBM, Tesla, Lucid and more
US Index Futures start the week with a hedging bias, with stock markets and bond yields lower on Monday morning. The most recent economic data showed weakness in developed economies and the aggressive posture of central banks in relation to controlling inflation increases the risks of recession. This drives the week’s early flow into hard currency, fixed…
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North American Morning Briefing: Investors Disregard Russia Chaos
Market Wraps Watch For: Texas Manufacturing Outlook Survey Today’s Top Headlines/Must Reads: – This Bull Market Is Just Getting Started, Traders Bet – Why Economies Haven’t Slowed More Since Central Banks Hit the Brakes – Never Underestimate Central-Bank Groupthink – Tesla Leads Surge in Battered Clean-Energy Stocks Opening Call: Stock futures edged lower on Monday…
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US Futures, European Stocks Down After Short-Lived Russia Revolt
In the U.S. futures for the S&P 500 were down 0.1% 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 0.2% in morning trading. Samhaellsbyggnadsbolaget rose 10.9% and Skanska Series B added 1.8%. On the…