Category: Market Summary
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Post-Fed Volatility Results In Mixed Close On Wall Street
Stocks saw substantial volatility following the Federal Reserve’s monetary policy announcement on Wednesday. The major averages showed wild swings back and forth across the unchanged line before eventually closing mixed. The Nasdaq climbed 53.16 points or 0.4 percent to13,626.48 and the S&P 500 inched up 3.58 points or 0.1 percent to 4,372.59, once again reaching…
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Wednesday’s Wall Street Highlights: AMD, Amazon, Alphabet, Shell, Vodafone and more
US Index Futures were mixed on Wednesday morning as investors awaited the Federal Open Market Committee (FOMC) meeting after the May Consumer Price Index (CPI), released yesterday, helped to consolidate the expectation of the first maintenance of the basic interest rate since March 2022 At around 7:04 AM, Dow Jones (DOWI:DJI) futures were down 36 points,…
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North American Morning Briefing: Focus Fixes on Fed, Powell
Market Wraps Watch For: PPI for May; Fed interest-rate decision, economic projection; EIA Weekly Petroleum Status Report; Lennar earnings Today’s Headlines/Must Reads – Stock Market to Fed: You Haven’t Done Enough – American Investment Banks Are Giving Up Some China IPO Mandates – Oil Demand to Peak This Decade as EVs Boom, IEA Says –…
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US Futures, European Stocks Mixed, With Fed Decision in Focus
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average declined 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.1% in morning trading. Etablissementen Franz Col added 9% and DocMorris rose 6.9%. On the…
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Relatively Tame Inflation Data Contributes To Strength On Wall Street
Stocks moved mostly higher during trading on Tuesday, extending the upward move seen over the course of Monday’s session. With the continued advance, the Nasdaq and the S&P 500 once again reached their best closing levels in over a year, while the Dow set a four-month closing high. The major averages finished the day off…
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Tuesday’s Wall Street Highlights: CPI, Manchester United, Oracle, Toyota, Apple and more
The inflation rate hit its lowest annual level in about two years in May, with the CPI rising just 0.1% for the month. However, excluding food and energy, core inflation rose 0.4% on the month and 5.3% year-on-year. These numbers are in line with consensus estimates. At around 8:32 AM, Dow Jones (DOWI:DJI) futures were up 23 points,…
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North American Morning Briefing: Investors Brace for Key CPI Data
Market Wraps Watch For: CPI for May; Janet Yellen testifies to annual House committee hearing on The State of the International Financial System Today’s Top Headlines/Must Reads: – Fed-Rate Projections Could Rise to Underscore Inflation Anxieties – Inflation Has Likely Been Cut in Half but Is Still Too High – The Profit Squeeze Is On…
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US Futures, European Stocks Rise Ahead of Inflation Data
In the U.S. futures for the S&P 500 were up 0.2% 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 climbed 0.5% in morning trading. DocMorris added 5.3% and Hexagon Series B rose 4.3%. On the…
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Nasdaq, S&P 500 Reach Best Closing Levels In Over A Year
Stocks moved mostly higher during trading on Monday, adding to the modest gains posted last week. With the upward move on the day, the Nasdaq and the S&P 500 reached their best closing levels in over a year. The major averages finished the day just off their highs of the session. The Nasdaq surged 202.78…
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Monday’s Wall Street Highlights: UBS, Illumina, Oracle, Salesforce, Chinook and more
US Index Futures advanced in premarket trading on Monday. The FOMC announces its decision on Wednesday and derivatives this Monday point to a 75.9% chance that the interest rate will be maintained between 5% and 5.25% in the US, while the high bet of 0.25 percentage point is at 24.1%, according to the Chicago Mercantile Exchange’s…