Category: Market Summary
-
U.S. Stocks Close Notably Lower As Data Adds To Interest Rate Worries
Stocks saw significant weakness during trading on Thursday, extending the pullback seen during Wednesday’s session. The major averages regained some ground after an early sell-off but remained notably lower. After tumbling by more than 500 points in morning trading, the Dow ended the day down 366.38 points or 1.1 percent at 33,922.26. The Nasdaq slumped…
-
Thursday’s Wall Street Highlights: BofA, Meta, Stellantis, American Airlines and more
US Index Futures operated lower on Thursday morning due to concerns arising from the minutes of the last monetary policy meeting in the United States, which raised fears about the cycle of monetary tightening. By 6:42 AM, Dow Jones futures (DOWI:DJI) was down 140 points, or 0.41%. S&P 500 futures were down 0.41%, while Nasdaq-100 futures…
-
North American Morning Briefing: Fed Hawks Hit Stocks
Market Wraps Watch For: ADP National Employment Report for June; International Trade for May; Weekly Jobless Claims; EIA Weekly Petroleum Status Report; Canada Official International Reserves for June; Canada International Merchandise Trade for May Today’s Top Headlines/Must Reads: – Iran Floods Global Markets With Cheap Oil as Saudi Arabia Cuts Output – AI Boom Stems…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…
-
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…