Category: Market Summary
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U.S. Stocks Close Lower On Growth Worries
U.S. stocks closed lower on Tuesday, after posting some strong gains last week. The major averages all ended in negative territory, although the Nasdaq managed to see a few brief spells above the flat line. The Dow ended with a loss of 195.74 points or 0.56 percent at 34,641.97. The S&P 500 settled lower by…
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Tuesday’s Wall Street Highlights: Goldman Sachs, Airbnb, Tesla, Novo Nordisk, and more
US index futures are lower in premarket trading on Tuesday, influenced by a series of PMI index announcements from various countries, which gauge the activity of specific sectors. By 6:52 AM, Dow Jones Futures (DOWI:DJI) were down 3 points, or 0.01%. S&P 500 futures were down 0.11% and Nasdaq-100 futures were down 0.21%. The yield on the…
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North American Morning Briefing: Chinese Data Sours Mood
Market Wraps Watch For: Factory Orders for July Today’s Top Headlines/Must Reads: – How Slowing Inflation Can Hit Corporate Profits – Utility Stocks Can’t Compete in a World Awash With Yield – China’s Country Garden Makes Overdue Dollar-Bond Payments, Narrowly Avoiding Default Opening Call: Stock futures and Treasury bonds lost some ground on Tuesday after…
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US Futures, European Stocks Slip
In the U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average declined 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.5% in morning trading. Partners Group Hldg climbed 6.7% and Etablissementen Franz Col rose 4.9%.…
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U.S. Stocks Turn In Lackluster Performance Following Mixed Jobs Data
Stocks moved mostly higher in early trading on Friday but quickly gave back ground and showed a lack of direction over the remainder of the session. The major averages pulled back off their early highs and spent much of the day lingering near the unchanged line. The Dow managed to spend most of the day…
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North American Morning Briefing: Jobs Report Eyed for Hiring Slowdown
Market Wraps Watch For: Employment Report for August; Construction Spending for July; ISM Report on Business Manufacturing PMI for August; Canada GDP for June Today’s Headlines/Must Reads – China Central Bank to Cut FX Reserves Ratio – The Generational Paradigm Shift Taking Over Markets – UAW Accuses GM, Stellantis of Unfair Labor Practices Opening Call:…
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US Futures Rise, European Stocks Mixed Ahead of Jobs Data
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 was flat in morning trading. Johnson Matthey added 11% and THG rose 3.2%. On the other…
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Nasdaq Extends Winning Streak But Dow, S&P 500 Give Back Ground
After failing to sustain an early move to the upside, stocks gave back ground over the course of the trading session on Thursday. The major averages pulled back well off their highs of the session, with the Dow and the S&P 500 ending the day in negative territory. The Dow jumped by nearly 180 points…
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Thursday’s Wall Street Highlights: UBS, Microsoft, Shopify, Salesforce, Okta and more
US index futures were mixed in premarket Thursday, with traders awaiting further US indicators and mulling over eurozone inflation data and UBS’s first earnings after the Credit Suisse acquisition. By 6:51 AM, Dow Jones (DOWI:DJI) futures were up 109 points, or 0.31%. S&P 500 futures were up 0.07% and Nasdaq-100 futures were down 0.11%. The 10-year Treasury yield…
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North American Morning Briefing: PCE Inflation Data Awaited
Market Wraps Watch For: Personal Income for July; Weekly Jobless Claims; earnings from Broadcom, VMware, Dell Technologies, Lululemon, Dollar Genera, Campbell Soup Today’s Headlines/Must Reads – Americans Likely Increased Their Spending Significantly Last Month – China’s Economy Shows Fresh Signs of Weakness in Factories, Consumer Spending – Arm, Instacart, Klaviyo Prep for Their IPOs-With Caution…