Category: Market Summary
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North American Morning Briefing: Stock Futures Edge up with PPI Data Ahead
Market Wraps Watch For: PPI for April; Weekly Jobless Claims; speeches by Fed’s Kashkari, Waller Today’s Headlines/Must Reads – Yellen Doubts Biden Administration Can Avoid Default Without Congress – Biden, Republicans Dig In on Debt Ceiling – China’s Consumer Inflation Slows to Lowest in Two Years – Energy Stocks in Doldrums After Last Year’s Big…
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US Futures, European Stocks Rise
In the U.S., futures for the S&P 500 were up 0.2% 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 rose 0.5% in morning trading. SalMar added 6.1% and Diploma PLC climbed 5.9%. On the other…
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Nasdaq Shows Strong Upward Move Following Inflation Data, Dow Posts Modest Loss
After failing to sustain an initial move to the upside, stocks fluctuated over the course of the trading session on Wednesday. While the tech-heavy Nasdaq maintained a positive bias throughout the session, the S&P 500 spent the day bouncing back and forth across the unchanged line. The Nasdaq eventually showed a strong upward move on…
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Wall Street Highlights for Wednesday: CPI, Airbnb, Twilio, Alphabet, Upstart and more
US Index Futures reversed higher after the latest inflation reading. Dow Jones futures were up 0.2%, while S&P 500 and Nasdaq-100 futures were up more than 0.3% each. The consumer price index, which measures the cost of a wide range of goods and services, rose 0.4% in April, despite more than a year of Federal Reserve…
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North American Morning Briefing: Caution Dominates Ahead of CPI Print as Debt Ceiling Fears Mount
Market Wraps Watch For: MBA Weekly Mortgage Applications Survey; CPI for April; Real Earnings for April; EIA Weekly Petroleum Status Report; Monthly Treasury Statement of Receipts and Outlays of the U.S. Government for April; Canada Building Permits for March; earnings from Beyond Meat, Disney, Icahn Enterprises, Robinhood Markets, Roblox, Wendy’s Today’s Headlines/Must Reads – Inflation…
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US Futures Rise, European Stocks Mostly Up
In the U.S., futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average climbed 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 rose 0.1% in morning trading. Samhallsbyggnadsbolaget rose 13.2% and Alcon added 8.2%. On the other hand,…
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Airbnb’s Bookings Rise, Rivian Narrows Loss
Airbnb’s Bookings Rise Amid Strong Travel Demand The short-term rental company reported revenue of $1.8 billion in the first quarter, up 20% from a year earlier. Rivian stock jumps nearly 6% as EV maker narrows quarterly loss, keeps guidance intact Shares of Rivian Automotive Inc. rose nearly 6% in the aftermarket Tuesday after the electric-vehicle…
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Tuesday’s Wall Street Highlights: Goldman Sachs, PayPal, Palantir, IBM and more
US Index Futures fell ahead of speeches by Federal Reserve members and the publication of inflation data this week, which could provide hints on the outlook for the economy and monetary policy. The mood is also reinforced by an unexpected drop in imports from China. By 8:24 AM, Dow Jones futures were down 103 points, or…
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US Futures Slip, European Stocks Mainly Down
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 declined 0.2% in morning trading. Grifols climbed 5.7% and Orkla climbed 5.2%. On the other hand,…
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U.S. Stocks Close Little Changed Following Lackluster Session
Following the significant rebound seen during last Friday’s session, stocks showed a lack of direction over the course of the trading day on Monday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the session narrowly mixed. While the Dow edged down 55.69 points or…