Category: Market Summary
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North American Morning Briefing: Stock Futures Dented as Central Banks Continue to Tighten
Market Wraps Watch For: Weekly Jobless Claims; Existing Home Sales Today’s Headlines/Must Reads – Microsoft-Activision Deal Faces Test in FTC Hearing – SEC Seeks More Disclosure From Smaller Banks in Wake of Failures – Hopes Rise for Rally in Small Stocks After Historic Underperformance – Insiders Snap Up Stock in Auto-Parts Retailers – Biden’s Trade…
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US Futures, European Stocks Fall as Fed Flags Further Rate Hikes
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 fell 1.2% in morning trading. Ocado Group rose 7.4% and ISS A/S climbed 2.3%. On the…
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U.S. Stocks See Further Downside Amid Renewed Interest Rate Concerns
After moving mostly lower over the two previous sessions, stocks saw further downside during trading on Wednesday. The major averages all finished the day in negative territory, with the tech-heavy Nasdaq leading the slide. The Nasdaq tumbled 165.10 or 1.2 percent to 13,502.20, continuing to give back ground after ending last Thursday’s trading at its…
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Wednesday’s Wall Street Highlights: MSG Entertainment, FedEx, Tesla, Hewlett Packard and more
US Index Futures were lower in premarket trading on Wednesday, weighed down by investors’ caution in anticipation of Powell’s speech, scheduled to begin at 10:00 AM. Powell will be able to clarify, to investors, the outlook for monetary policy in the second half of this year, after saying, the previous week, that Fed members foresee further…
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US Futures Down, European Stocks Mixed Ahead of Fed Powell’s Remarks
In the U.S., futures for the S&P 500 were down 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 dropped 0.2% in morning trading. Orpea rose 5.1% and Husqvarna Series B climbed 4.1%. On the…
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Profit Taking Contributes To Extended Pullback On Wall Street
After coming under pressure early in the session, stocks regained some ground over the course of the trading day on Tuesday but still closed mostly lower. The major averages extended the pullback seen late in last Friday’s session. The major averages all finished the day in negative territory. The Dow slid 245.25 points or 0.7…
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Tuesday’s Wall Street Highlights: Airbus, Intel, Grab, Alibaba, FedEx and more
US Index Futures pull back on the return of yesterday’s US holiday. By 6:44 AM, Dow Jones futures (DOWI:DJI) was down 122 points, or 0.35%. S&P 500 futures were down 0.37%, while Nasdaq-100 futures were down 0.43%. The 10-year Treasury yield was at 3.775%. On the international scene, China lowered its key interest rates to stimulate the economy. Producer…
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North American Morning Briefing: Stock Futures Slip as PBOC Underwhelms
Source: Dow Jones Newswires Watch For: Housing Starts for May; FedEx earnings; General Motors annual meeting Today’s Headlines/Must Reads – Stock-Market Rally Costs Bears $120 Billion – Wall Street Sours on America’s Downtowns – Why Inflation Around the World Just Won’t Go Away – Silicon Valley’s Newest Unicorn Is a Mining Company Opening Call: Stock…
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US Futures, European Stocks Down Ahead of BOE Decision
In the U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average declined 0.4%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.3% in morning trading. Sanofi rose 2.8% and THG added 2.6%. On the other hand,…
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U.S. Stocks Give Back Ground But Hold On To Strong Gains For The Week
Stocks turned in a lackluster performance throughout much of the trading session on Friday before coming under pressure in the latter part of the session. The major averages all moved to the downside, with the tech-heavy Nasdaq leading the way lower. The major averages finished the session just off their worst levels of the day.…