Category: Market Summary
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Interest Rate, Economic Worries Contribute To Pullback On Wall Street
Stocks moved mostly lower over the course of the session on Friday, giving back ground following the tech-led rebound during trading on Thursday. The major averages all moved to the downside, with the Nasdaq leading the pullback. The major averages all finished the day firmly in negative territory. The Nasdaq slumped 138.09 points or 1.0…
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Friday’s Wall Street Highlights: Ford Motor, Meta Platforms, 3M, Conformis and more
Worries about demand and a slowing economy weigh on US Index Futures and European stocks as central banks in Europe and the US indicate a leaning towards raising interest rates to ensure inflation converges towards the goal. By 07:27 AM, Dow Jones futures (DOWI:DJI) fell 90 points, or 0.26%. S&P 500 futures were down 0.41%, while…
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North American Morning Briefing: Recession Threat Grows as Further Tightening Likely
Market Wraps Watch For: Flash PMIs, Weekly Export Sales Today’s Top Headlines/Must Reads: – Central-Bank Action Finally Cooling Global Economy, Data Indicate – Where’s the Recession We Were Promised? – Chemical Makers, Tool Suppliers Can Now Get Chips Act Money – Twitter Shows ‘Strong Willingness’ to Comply With Digital-Content Law, EU Regulator Says Opening Call:…
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US Futures, European Stocks Slip After Series of Central Bank Rate Hikes
In the U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average declined 0.2%. Changes in futures don’t necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.2% in morning trading. Evotec added 4.3% and GSK rose 3.4%. On the other hand, Siemens…
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Nasdaq Moves Sharply Higher, Snapping Three-Day Losing Streak
Stocks turned in a lackluster performance for much of the trading session on Thursday but managed to end the day mostly higher. Technology stocks helped lead the advance, resulting in a surge by the tech-heavy Nasdaq. The Nasdaq saw further upside going into the close, jumping 128.41 points or 1.0 percent to 13,630.61. The S&P…
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Thursday’s Wall Street Highlights: Amazon, Intel, NRG Energy, Novo Nordisk, and more
US Index Futures extend a three-day streak of declines after a rally in technology stocks, which had been supporting the market, ran out of steam. By 7:24 AM, Dow Jones futures (DOWI:DJI) was down 113 points, or 0.33%. S&P 500 futures were down 0.32%, while Nasdaq-100 futures were down 0.41%. The 10-year Treasury yield was at 3.746%.…
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North American Morning Briefing: Stock Futures Dented as Central Banks Continue to Tighten
Market Wraps Watch For: Weekly Jobless Claims; Existing Home Sales Today’s Headlines/Must Reads – Microsoft-Activision Deal Faces Test in FTC Hearing – SEC Seeks More Disclosure From Smaller Banks in Wake of Failures – Hopes Rise for Rally in Small Stocks After Historic Underperformance – Insiders Snap Up Stock in Auto-Parts Retailers – Biden’s Trade…
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US Futures, European Stocks Fall as Fed Flags Further Rate Hikes
In the U.S. futures for the S&P 500 were down 0.3% 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 1.2% in morning trading. Ocado Group rose 7.4% and ISS A/S climbed 2.3%. On the…
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U.S. Stocks See Further Downside Amid Renewed Interest Rate Concerns
After moving mostly lower over the two previous sessions, stocks saw further downside during trading on Wednesday. The major averages all finished the day in negative territory, with the tech-heavy Nasdaq leading the slide. The Nasdaq tumbled 165.10 or 1.2 percent to 13,502.20, continuing to give back ground after ending last Thursday’s trading at its…
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Wednesday’s Wall Street Highlights: MSG Entertainment, FedEx, Tesla, Hewlett Packard and more
US Index Futures were lower in premarket trading on Wednesday, weighed down by investors’ caution in anticipation of Powell’s speech, scheduled to begin at 10:00 AM. Powell will be able to clarify, to investors, the outlook for monetary policy in the second half of this year, after saying, the previous week, that Fed members foresee further…