Category: Market Summary
-
US Futures Mixed, European Stocks Rise as Jackson Hole in Focus
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.4% in morning trading. DocMorris rose 6.6% and Corbion added 4.5%. On the other hand, Adyen…
-
U.S. Stocks End On Mixed Note After Cautious Session
U.S. stocks turned in a mixed performance on Friday with investors largely staying cautious amid concerns the Federal Reserve will hold interest rates higher for longer to control inflation. Worries about slowing Chinese economy, hawkish minutes from the Federal Reserve’s most recent policy meeting, and higher bond yields had pushed the market down in the…
-
Friday’s Wall Street Highlights: Applied Materials, Farfetch, Bloomin’ Brands, and More
US Index Futures are lower in premarket trading on Friday, weighed down by economic uncertainty, particularly in China, after major developer Evergrande filed for creditor protection in the U.S. By 6:45, Dow Jones futures (DOWI:DJI) were down 53 points, or 0.15%. S&P 500 futures were down 0.23% and Nasdaq-100 futures were down 0.43%. The 10-year Treasury yield…
-
North American Morning Briefing: China Trouble Hits Sentiment
Market Wraps Watch For: Canada Industrial Product Prices for July; Earnings from Deere, Estée Lauder, Palo Alto Networks Today’s Top Headlines/Must Reads: – Investors Fear China’s ‘Lehman Moment’ Is Looming – Is China’s Data Manipulated, or Flawed? Maybe Both – China Evergrande Seeks U.S. Court Approval for $19 Billion Debt Restructuring – Hawaii Fires Turn…
-
US Futures Up, European Stocks Down
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average increased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.4% in morning trading. Samhaellsbyggnadsbolaget rose 3.3% and Scatec added 3.2%. On the other hand,…
-
U.S. Stocks Tumble For 3rd Straight Day As Bond Yields Rise
U.S. stocks fell on Thursday, extending recent losses, amid concerns the Federal Reserve will hold interest rates higher for longer to control inflation. Stocks opened slightly higher, but retreated soon and then spent the rest of the day’s session in the red. The major averages all ended in the red, with the Nasdaq suffering a…
-
Thursday’s Wall Street Highlights: Walmart, Paramount, Visa, Wolfspeed, and more
US index futures were higher in premarket trading on Thursday as investors reflected on the Federal Reserve minutes released yesterday, in which members did not rule out further tightening to curb inflation. By 6:45 AM, Dow Jones futures (DOWI:DJI) were up 63 points, or 0.18%. S&P 500 futures were up 0.16% and Nasdaq-100 futures were up…
-
North American Morning Briefing: Treasury Yields Keep Pushing Higher
Market Wraps Watch For: Leading Indicators for July; Weekly Jobless Claims; Earnings from Walmart Today’s Top Headlines/Must Reads: – China Demands U.S. Lift Steel, Aluminum Tariffs After WTO Ruling – In China, Bidding Wars for Lithium Top Out at 1,300 Times the Starting Price – Alphabet’s Verily Plans Cost Cuts Amid Pressure on Other Bets…
-
US Futures Up, European Stocks Fall Amid Concerns Over Further Fed Hikes
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average increased 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.5% in morning trading. Koninklijke Philips added 3.8% and alstria office REIT rose 3%. On…
-
U.S. Stocks Close Firmly Down In Negative Territory For 2nd Straight Day
U.S. stocks closed lower on Wednesday, extending losses from the previous session, amid indications the Federal Reserve will continue to hold interest rates higher for longer to contain inflation. Prospect of a possible downgrade of several U.S. lenders by Fitch Ratings weighed as well. In addition to the minutes from the Federal Reserve’s latest policy…