Category: Market Summary
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Nasdaq Drops as OpenAI Revenue Report Rattles Chip Stocks and Oil Jumps
Wall Street ended mixed on Thursday, with technology shares dragging the Nasdaq and S&P 500 lower while the Dow Jones Industrial Average managed a small gain. Two forces drove the action: a sharp sell-off in semiconductor stocks after a report that OpenAI’s revenue is running well below earlier signals, and a jump in crude oil…
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Wall Street Futures Decline as Oil Prices Surge on Renewed Iran Conflict Concerns: Dow Jones, S&P, Nasdaq
US stock futures pointed to a weaker opening on Thursday as a sharp rebound in crude oil prices raised concerns about escalating tensions in the Middle East, persistent inflation and the possibility of further interest rate increases. US crude oil futures climbed nearly 5%, while Brent crude moved back above $100 a barrel following reports…
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US Stock Futures Fall as AI Debt Financing, Rising Bond Yields and Oil Prices Weigh on Markets: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures declined on Thursday as investors assessed rising government bond yields, renewed concerns about Middle East energy supplies and reports of substantial borrowing plans linked to artificial intelligence infrastructure. Attention also turned to quarterly results from Applied Digital (NASDAQ:APLD), preliminary earnings from Samsung Electronics (USOTC:SSNHZ) and minutes from the Federal Reserve’s September monetary…
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Wall Street Pulls Back From Record Highs as Treasury Yields Climb
U.S. stocks slipped on Wednesday, giving back a little ground a day after the S&P 500 and Nasdaq Composite closed at all-time highs. The main pressure came from the bond market, where long-term Treasury yields jumped to their highest levels in more than two decades before easing. Higher yields make borrowing more expensive and can…
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US Stock Futures Fall as Treasury Yields Rise Ahead of Fed Minutes: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures pointed to a lower open on Wednesday after the Nasdaq and S&P 500 reached record closing highs in the previous session, while Treasury yields and crude oil prices moved higher. The yield on the benchmark ten-year Treasury returned to its highest levels since 2002. Oil prices also rebounded from their lowest level…
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US Futures Edge Lower Ahead of FOMC Minutes as Constellation Brands Reports Results: Dow Jones, S&P, Nasdaq, Wall Street
US stock futures moved slightly lower on Wednesday as investors awaited minutes from the Federal Reserve’s September policy meeting, while corporate developments at SpaceX, Constellation Brands and Levi Strauss were also in focus. At 06:56 GMT, Dow futures were down 108 points, or 0.2%, while S&P 500 futures were broadly unchanged. Nasdaq 100 futures declined…
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S&P 500 and Nasdaq Notch Record Highs as AI Rally and Easing Bond Yields Lift Wall Street
U.S. stocks finished higher on Tuesday, with the S&P 500 and Nasdaq Composite reaching record highs during the session as investors piled back into artificial intelligence names. A pullback in Treasury yields from Monday’s multi-decade highs gave stocks extra room to run, since lower yields make borrowing cheaper and make stocks look more attractive compared…
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Markets in Motion: Markets eye a seasonal turning point
Bruce Campbell examines market breadth, utilities, interest rates, crude oil and the seasonal signals that could shape markets into year-end.
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U.S. Stock Futures Rise as Oil Prices Extend Decline: Dow Jones, S&P, Nasdaq, Wall Street
U.S. stock futures pointed to a higher open on Tuesday as crude oil prices extended their decline, with Brent futures falling below $100 a barrel and U.S. crude futures dropping more than 2%. The move in oil followed reports that Middle Eastern crude exports were recovering toward levels seen before the Iran conflict, despite continued…
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Redburn Starts Coverage of U.S. Defense Stocks With Buy Ratings on Lockheed, Northrop and Kratos
Rothschild & Co Redburn initiated coverage of four U.S. defense companies on Tuesday, assigning “buy” ratings to Lockheed Martin (NYSE:LMT), Northrop Grumman (NYSE:NOC) and Kratos (NASDAQ:KTOS), while starting AeroVironment (NASDAQ:AVAV) at “neutral”. The brokerage cited the proposed $1.5 trillion U.S. military budget for fiscal 2027 as a potential source of additional demand for defense contractors.…