Category: Market Summary

Market Wraps Watch For: Factory Orders for April; May Global Services PMI Today’s Top Headlines/Must Reads: – Wall Street Backs Off Bets on Fed Rate Cuts – Commodities Slide as Investors Bet on Economic Slowdown – Saudi Arabia Cuts Oil Output After OPEC Members Clash Over Quotas – China’s Caixin Services PMI Rose in May…

In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average rose 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. Faurecia climbed 7.9% and GN Store Nord added 3.9%. On the other…

Stocks moved sharply higher over the course of the trading day on Friday, adding to the strong gains posted in Thursday’s session. With the continued upward move, the Nasdaq reached its best closing level in well over a year, while the S&P 500 set a new nine-month closing high. The major averages pulled back off…

The US economy unexpectedly added 339,000 jobs in May 2023, far above market forecasts of 190,000 and after an upward revision from 294,000 in April, according to the Labor Department in its monthly payroll report released on Friday. US job growth unexpectedly picked up in May as the job market remained surprisingly resilient despite rising…

Market Wraps Watch For: Employment Report for May Today’s Top Headlines/Must Reads: – Jobs Report Expected to Show Unemployment Still Historically Low – Senate Approves Deal Raising Debt Ceiling, Averting U.S. Default – As China Risks Grow, Manufacturers Seek Plan B-and C and D – Nvidia Is Still a ‘Buy’ on Wall Street Opening Call:…

In the U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average increased 0.4% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.4% in morning trading. Dechra Pharmaceuticals added 8.2% and Samhallsbyggnadsbolaget rose 5.5%. On the other…

Stocks showed a lack of direction in early trading on Thursday but moved notably higher over the course of the session. With the upward move on the day, the Nasdaq and the S&P 500 reached their best closing levels in over nine months. The major averages pulled back off their highs of the session going…

US Market The major U.S. index futures are currently pointing to a roughly flat open on Thursday, with stocks likely to show a lack of direction after ending the previous session mostly lower. The lack of momentum on Wall Street comes even though the House voted Wednesday night to approve the bill raising the U.S.…