Category: Market Summary
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Friday’s Wall Street Highlights: Apple, Bill Holdings, Paramount, Block, and more
U.S. index futures are falling this Friday, reacting to the latest quarterly reports from corporate giants, notably Apple (NASDAQ:AAPL). Concurrently, investors are digesting a slew of economic indicators from Europe, adding layers of complexity to the global financial landscape. This cautious anticipation comes ahead of the release of the much-awaited U.S. jobs report. As of…
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North American Morning Briefing: S&P 500 Futures Pause After Soft Apple Guidance
Market Wraps Watch For: Employment Report for October; ISM Report on Business Services PMI for October; Canada Labour Force Survey for October; Enbridge earnings Opening Call: Stock futures were lackinhg momentum on Friday ahead of key payrolls data and after soft guidance from Apple. Stocks have been rejoicing as the long-end of the Treasury curve…
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US Futures Flat, European Stocks Rise
U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average were flat. Changes in futures don’t necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.3% in morning trading. Scatec added 6.7% and Andritz rose 6%. On the other hand, A.P. Moeller-Maersk B…
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U.S. Stocks Rally As Latest Data Adds To Interest Rate Optimism
Extending the strong upward move seen over the past several sessions, stocks moved sharply higher during trading on Thursday. The major averages all showed significant moves to the upside, climbing further off last week’s multi-month lows. The major averages saw continued strength going into the close, ending the session near their best levels of the…
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North American Morning Briefing: Mood Lifted on Hopes Rate-Hike Cycle Has Peaked
Market Wraps Watch For: Weekly Jobless Claims; Preliminary Productivity and Costs for 3Q; Earnings from Apple, Eli Lilly, Starbucks Today’s Top Headlines/Must Reads: – How Higher Rates for Longer Can Be Good News for the Economy – Fed Takes Heart in a Supply-Side Boom – The UAW Beat Detroit. Tesla Will Be a Different Beast…
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US Futures, European Stocks Rise Ahead of BOE Rate Decision
U.S. futures for the S&P 500 were up 0.4% 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 gained 0.9% in morning trading. Scatec rose 16% and Atos added 10.7%. On the other hand, Netcompany Group…
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U.S. Stocks Move Sharply Higher Amid Optimism The Fed Is Done Raising Rates
After moving mostly higher early in the session, stocks saw further upside over the course of the trading day on Wednesday. The Dow closed higher for the third consecutive session, climbing further off last Friday’s seven-month closing low. The major averages pulled back off their highs going into the close but held on to strong…
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North American Morning Briefing: Fed Decision, Treasury Funding Announcement in Focus
Market Wraps Watch For: ADP National Employment Report for October; ISM Report on Business Manufacturing PMI for October; Interest-rate decision; EIA Weekly Petroleum Status Report; Earnings from CVS Health, Kraft Heinz, Mondelez International Today’s Top Headlines/Must Reads: – Fed Officials Debate Whether They Have Raised Rates Enough – UAW Deal Shows Unions Are Winning. How…
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US Futures Slip, European Stocks Rise Ahead of Fed Decision
U.S. futures for the S&P 500 were down 0.2% 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 climbed 0.5% in morning trading. Dr. Martens rose 4% and Uniper added 3.5%. On the other hand, Oersted…
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U.S. Stocks Move Moderately Higher After Recovering From Early Weakness
Stocks moved back to the downside in early trading on Tuesday but have shown a significant turnaround over the course of the session. The major averages have bounced well off their early lows and into positive territory. Currently, the major averages are just off their highs of the session. The Dow is up 95.06 points…