Category: Market Summary
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North American Morning Briefing: Rising Oil Prices Keep Treasury Yields High
Market Wraps Watch For: Weekly Jobless Claims; third estimate for 2Q GDP; Speeches by Jerome Powell and Lisa Cook; Earnings from Nike Today’s Top Headlines/Must Reads: – Standoff in Congress Brings Government to Brink of Shutdown – Companies Find a Fundraising Sweet Spot With Convertible Bonds – More CFOs Pull Back Spending Plans Due to…
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US Futures, European Stocks Mixed
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 0.1% in morning trading. Etablissementen Franz Col rose 11.2% and Deliveroo added 9.7%. On the other…
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U.S. Close Narrowly Mixed Following Volatile Trading Session
Following the sell-off seen during Tuesday’s session, stocks saw substantial volatility over the course of the trading day on Wednesday. The major averages spent the day showing wild swings back and forth across the unchanged line. The major averages eventually ended the day narrowly mixed. While the Dow slipped 68.61 points or 0.2 percent to…
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Wednesday’s Wall Street Highlights: Amazon, Costco, Sirius XM, Electronic Arts, Peloton, and more
US Index Futures are trending upward on Wednesday, reflecting the possibility of new stimuli in China and a temporary agreement to maintain U.S. government funding, with Wall Street aiming to recover from significant declines in the previous session. As of 06:55, Dow Jones futures (DOWI:DJI) rose 88 points, or 0.26%. S&P 500 futures increased by…
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North American Morning Briefing: Stock Futures Helped by Retreating Bond Yields
Market Wraps Watch For: Durable Goods for August, EIA Weekly Petroleum Report; Earnings from Micron Technology Today’s Top Headlines/Must Reads: – The Stock Market Has an Earnings Problem – Chinese Central Bank Vows to Step Up Policy Support – This Ford vs. GM Feud Could Shape the Future of EVs in America Opening Call: A…
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Worries About Interest Rates, Economy Lead To Sell-Off On Wall Street
Stocks moved sharply lower over the course of the trading day on Tuesday, more than offsetting the moderate rebound seen during Monday’s session. The major averages all showed significant moves to the downside, falling to their lowest closing levels in over three months. The major averages climbed off their worst levels going into the close…
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Tuesday’s Wall Street Highlights: Ford Motor, Coty, JPMorgan, Merck, Tesla, AIG, and more
US index futures are down in Tuesday’s pre-market, reflecting the ongoing risk aversion observed in recent days. Investors are concerned about the prospect of higher interest rates for an extended period and are closely monitoring developments both in China and the United States. In addition to the trajectory of Treasury rates, which has been a…
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North American Morning Briefing: Yield Surge Continues to Knock Stocks
Market Wraps Watch For: S&P CoreLogic Case-Shiller Home Px Index, New Home Sales, Conference Board – Consumer Confidence, speech by Michelle Bowman Today’s Headlines/Must Reads – Google Trial Spills Details on Search Engine’s Deals With Apple, Samsung – Commercial Real Estate’s Next Big Headache: Spiraling Insurance Costs – The Big Pharma Trade: Ozempic Is In,…
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US Futures, European Stocks Slip
In the U.S. futures for the S&P 500 were down 0.7% and futures for the Dow Jones Industrial Average fell 0.6%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.7% in morning trading. Orpea climbed 3.8% and Barclays rose 1.7%. On the other hand,…
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U.S. Stocks Finish Choppy Trading Day Mostly Higher
Following the sell-off seen last week, stocks showed a lack of direction over the course of the trading session on Monday. The major averages spent the day bouncing back and forth across the unchanged line before closing in positive territory. The major averages moved to the upside going into the close of trading. The Nasdaq…