Category: Market Summary
-
North American Morning Briefing: Stock Futures Hit by China Data; Debt-Ceiling Vote Looms
Market Wraps Watch For: Chicago Business Barometer – ISM Chicago Business Survey, Canadian GDP for March, Speeches by Fed governors Michelle Bowman and Philip Jefferson, Ford Motor Company May Sales Today’s Top Headlines/Must Reads: – China’s Recovery Slows Further as Factory, Services Activity Pulls Back – U.S. Manufacturers Seek China Alternatives as Tensions Rise –…
-
US Futures, European Stocks Slip Amid US Debt-Deal Uncertainty
In the U.S., futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average fell 0.3% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.6% in morning trading. Uniper rose 13% and B&M European Value Retail added 3.6%. On…
-
U.S. Stocks End On Mixed Note After Cautious Session
U.S. stocks ended mixed on Tuesday as the mood turned cautious around mid afternoon with investors awaiting the passage of the debt ceiling deal. Stocks, particularly from the technology section, started off on a firm note, although the broad market, however, was somewhat sluggish. The initial strength came following news President Joe Biden and House…
-
Debt Ceiling Deal May Lead To Continued Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to extend the strong upward move seen to close out the previous week. Stocks are likely to benefit from news President Joe Biden and House Speaker Kevin McCarthy, R-Calif., reached an agreement in principle to raise the debt…
-
North American Morning Briefing: Stocks Poised for Gains After Debt-Ceiling Deal
Market Wraps Watch For: Monthly/Quarterly House Price Index;S&P CoreLogic Case-Shiller Indices; Consumer Confidence Index; Texas Manufacturing Outlook Survey; Canada Balance of Payments; HP earnings Today’s Headlines/Must Reads – Biden, McCarthy’s Debt-Ceiling Deal Faces Crucial First Test in House – China’s Fading Recovery Reveals Deeper Economic Struggles – Why Microsoft’s $75 Billion Bid for Activision Hinges…
-
US Futures Rise, European Stocks Slip
In the U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average climbed 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.2% in morning trading. Uniper added 7.3% and THG rose 5.5%. On the other hand,…
-
Wall Street Highlights: Tesla, Nvidia, JPMorgan, Moderna and more
US stock and bond markets will be closed on Monday (29th) for Memorial Day. US debt deal talks have entered the final stages, but last-minute changes are likely to continue until the June 1 deadline. The week will remain busy with earnings reports and labor market data. Earnings highlights will include results from Hewlett Packard Enterprise and…
-
Renewed Optimism About Debt Ceiling Deal Leads To Extended Rally On Wall Street
Stocks moved sharply higher over the course of the trading day on Friday, extending the rebound seen during Thursday’s session. With the continued upward move, the Nasdaq and the S&P 500 reached their best closing levels in nine months. The major averages moved roughly sideways going into the close, holding on to strong gains. The…
-
Friday’s Wall Street Highlights: JPMorgan, Tesla, PDS Biotechnology, Costco and more
US Index Futures rose on the possibility of the US government reaching a deal to resolve the US debt ceiling problem prevailing in markets on Friday morning. Investors also await the release of the inflation indicator monitored by the Federal Reserve, after mixed signals from US central bank officials regarding the direction of interest rates. By…
-
U.S. Stocks Rebound On Upbeat Nvidia Earnings
Stocks moved mostly higher during trading on Thursday, regaining ground after moving sharply lower on Tuesday and Wednesday. The Nasdaq showed a particularly strong upward move, reflecting strength in the tech sector. The Nasdaq surged 213.93 points or 1.7 percent to 12,698.09, bouncing back near the nine-month closing high set on Monday. The S&P 500…