Category: Market Summary
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U.S. Stocks Finish Lackluster Session Modestly Lower
Following the rally seen to close out the previous 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. The major averages eventually finished the session in negative territory. The Nasdaq edged down 11.34 points or 0.1 percent to…
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Monday’s Wall Street Highlights: UBS, Tesla, Palo Alto Networks, Novo Nordisk and more
US Index Futures open the week with no clear direction close to flat after a rally last week gave the S&P 500 its best weekly performance since March. At around 7:20 AM, Dow Jones (DOWI:DJI) futures were up 29 points, or 0.09%. S&P 500 futures were up 0.07%, while Nasdaq-100 futures were down 0.10%. The yield on the…
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North American Morning Briefing: Stock Futures Point to Steady Open; Saudi Cuts Boost Oil
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…
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US Futures Flat, European Stocks Mixed After Strong U.S. Jobs Data
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…
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U.S. Stocks Extend Rally On Jobs Data, Senate Passing Debt Ceiling Bill
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…
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Payrolls Hits 339,000 in May, Well Above Consensus
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…
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Friday’s Wall Street Highlights: SoftBank, Boeing, Broadcom, MongoDB, Meta Platforms and more
US Index Futures rose in premarket trading on Friday after the US Senate passed a bill raising the debt ceiling, eliminating the risk of a debt default. The market is now shifting its focus to the Payroll report, which is important for calibrating expectations about the trajectory of US interest rates. By 6:55 AM, Dow Jones…
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North American Morning Briefing: Stock Futures Rise as Jobs Report Swings Into Focus
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:…
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US Futures, European Stocks Rise Ahead of Jobs Data
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…
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Progress On Debt Ceiling Bill Contributes To Strength On Wall Street
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…