Category: Market Summary
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US Futures, European Stocks Slip Following Hawkish Fed Comments
In the U.S., futures for the S&P 500 were down 0.4% and futures for the Dow Jones Industrial Average decreased 0.4%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.9% in morning trading. Samhaellsbyggnadsbolaget climbed 5.2% and United Utilities Group rose 3%. On the…
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U.S. Stocks Close Lower As Weak Economic Data, Fed Minutes Weigh
U.S. stocks ended weak on Wednesday although those from the technology sector managed to briefly emerge higher around mid morning. Lingering concerns about the impact of rising interest rates on economic growth weighed. The mood was cautious with investors focusing on the minutes of the Federal Reserve’s latest monetary policy meeting. Disappointing service sector data…
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Wednesday’s Wall Street Highlights: Meta, Amazon, Rivian, Pfizer, UPS and More
US index futures are lower on Wednesday morning, due to weak activity data in China and Europe, which renewed fears of a global recession. By 6:59 AM, Dow Jones (DOWI:DJI) futures were down 142 points, or 0.41%. S&P 500 futures were down 0.40%, while Nasdaq-100 futures were down 0.47%. Yields on 10-year Treasuries are at 3.853%. The services…
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North American Morning Briefing: China Data Revives Growth Worries as Fed Minutes Awaited
Market Wraps Watch For: Factory Orders for May; FOMC meeting minutes and economic forecast Today’s Headlines/Must Reads – Markets Ignore the Looming Debt Peril – The Fed and Investors Could All Be Wrong on Rates – China’s Export Curb on Chip-Making Metals Prompt Countries to Explore Supply-Chain Diversification – Binance.US Crypto Market Share Plummets Opening…
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US Futures, European Stocks Fall Ahead of Fed Minutes
In the U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average decreased 0.2% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.3% in morning trading. Koninklijke Vopak climbed 4.1% and Samhaellsbyggnadsbolaget rose 3.3%. On the other…
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U.S. Stocks Finish Abbreviated Trading Session Modestly Higher
Following the strong upward move seen last week, stocks turned in a relatively lackluster performance during trading on Monday. The major averages spent the day bouncing back and forth across the unchanged line before closing modestly higher. The Nasdaq rose 28.85 points or 0.2 percent to 13,816.77, the S&P 500 (SPI:SP500) inched up 5.21 points…
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Trading Activity Likely To Be Subdued Ahead Of Holiday
US Market The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the rally seen last week. Traders may be reluctant to make significant moves amid uncertainty about the near-term outlook for the markets after last week’s strong gains lifted…
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North American Morning Briefing: Tesla Bounce Gives Nasdaq a Boost
Market Wraps Watch For: ISM Report on Business Manufacturing PMI for June; Construction Spending for May; Canadian markets closed for Canada Day holiday Today’s Top Headlines/Must Reads: – U.S., China Start Talking Again, With Global Economic Order at Stake – China Factory Activity Gauge Fell Slightly in June – Investors Spurn Dividend-Paying Stocks as AI…
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US Futures Flat, European Stocks Rise as Economic Outlook Concerns Ease
In the U.S. futures for the S&P 500 were flat 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 climbed 0.3% in morning trading. Assicurazioni Generali rose 4.6% and Just Eat Takeaway.com rose 3.3%. On the…
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Easing Consumer Price Inflation Data Contributes To Rally On Wall Street
Stocks moved sharply higher during trading on Friday, adding to the gains posted in Thursday’s session. The major averages all moved to the upside on the day, with the tech-heavy Nasdaq leading the advance. The major averages pulled back off their best levels going into the close but held on to strong gains. The Nasdaq…