Stock futures higher with jobs data in focus after debt-ceiling hurdle cleared

Stock futures higher with jobs data in focus after debt-ceiling hurdle cleared

U.S. stock futures pointed to a higher open for Wall Street on Friday after a debt-ceiling bill cleared a final hurdle, and as investors turned their attention to jobs data that could help cement a pause in Federal Reserve interest-rate hikes. How are stock-index futures trading? S&P 500 futures ES00, +0.34% rose 14.25 points, or…

The other ‘building block’ stocks, apart from Nvidia, that AI will drive higher.

The other ‘building block’ stocks, apart from Nvidia, that AI will drive higher.

Kneel to your king Wall Street. After forecasting record revenue backed by a “killer AI app,” Nvidia helped deliver a powerful performance for the Nasdaq COMP, +1.71% on Thursday. Indeed, thanks to that chip maker and a few other generals — Microsoft, Apple, Alphabet, etc.— tech is seemingly unstoppable: Top contributors to S&P 500 year-to-date…

U.S. stocks on track for weekly gains as debt-ceiling hopes boost markets

U.S. stocks on track for weekly gains as debt-ceiling hopes boost markets

U.S. stocks traded higher Friday, with all three major benchmarks heading for weekly gains, as investors await remarks from Federal Reserve Chairman Jerome Powell while hopes remain high for a debt-ceiling deal in Congress. What’s happening The Dow Jones Industrial Average DJIA, -0.24% rose 108 points, or 0.3%, at 33,645. The S&P 500 SPX, -0.10%…

The ‘end of the runway’ is nearing for lofty tech and soggy banks. Get ready, says this strategist

The ‘end of the runway’ is nearing for lofty tech and soggy banks. Get ready, says this strategist

A new week is pointing to a perky start for Wall Street, with stock futures in the green. But one might wonder “What gives?” as old worries — banking sector concerns and a debt-ceiling standoff — lurk, and some market observers assure the S&P 500 SPX, -0.16% is going nowhere until those are resolved. But…

Dow, S&P 500 book back-to-back weekly losses, as poor consumer sentiment report reignites recession fears

Dow, S&P 500 book back-to-back weekly losses, as poor consumer sentiment report reignites recession fears

U.S. stocks ended lower Friday, surrendering early gains after a report from the University of Michigan showed consumer sentiment soured in May, helping to revive recession fears. The Dow Jones Industrial Average and S&P 500 each booked back-to-back weekly losses. For the week, the Dow slid 1.1%, the S&P 500 slipped 0.3% and the Nasdaq…

As Fed pause, debt tussle collide, shelter in these stocks, says strategist

As Fed pause, debt tussle collide, shelter in these stocks, says strategist

May is kicking off with a deal for First Republic Bank, though there’s no real celebrating across Wall Street. That’s as investors face a week full of potentially market-moving events — a Fed meeting, jobs data, Apple earnings and ongoing debt ceiling negotiations. We’re also coming off the highest level since February for the S&P…

Here are the times when buy-the-dip works — and Wednesday fits the criteria

Here are the times when buy-the-dip works — and Wednesday fits the criteria

The thirst to buy stocks tied to the artificial intelligence revolution has driven half the gains in the stock market this year, a trend that looks set to continue Wednesday with OpenAI investor Microsoft flying higher in the premarket. There’s another trend that might repeat itself. Analysts at Bespoke Investment Group studied buy-the-dip behavior and…

Even without an ‘earnings apocalypse,’ stocks need to drop 15%, says strategist

Even without an ‘earnings apocalypse,’ stocks need to drop 15%, says strategist

Stocks are pointing to a slightly lower start to the week, as investors face a who’s who of earnings this week. We’ve largely heard from the banks thus far and the news hasn’t been as bad as expected, but this week it’ll be the turn of the all-powerful tech sector, along with other important corners…

U.S. stock futures little changed as first full week of earnings season comes to a close

U.S. stock futures little changed as first full week of earnings season comes to a close

U.S. stock futures on Friday pointed to a quiet end to the first full week of earnings season, amid further signs the U.S. economy is slowing down. What’s happening Dow Jones Industrial Average futures YM00, -0.06% rose 2 points to 33912. S&P 500 futures ES00, -0.05% rose 2 points to 4154. Nasdaq 100 futures NQ00,…

Five synchronized assets pointing to a ‘black swan event,’ says market veteran

Five synchronized assets pointing to a ‘black swan event,’ says market veteran

Blame Elon Musk for the sour mood that’s shaping up for Thursday, as Tesla earnings gloom (see more below) appears to be having a pinball effect across several asset classes. Of course, the day is young, with lots more data and earnings to come, including some regional banks after the sector’s turmoil last month. Assets…

Lingering double-digit inflation sends U.K. bond yields higher

Lingering double-digit inflation sends U.K. bond yields higher

U.K. bond yields jumped Wednesday after data showing inflation lingering above 10%. The yield on the 2-year gilt TMBMKGB-02Y, 3.822% rose 15 basis points to 3.83% as the Office for National Statistics reported that inflation in March slowed to 10.1% year-over-year from 10.4%, and that core inflation stayed at 6.2%. Economists polled by Reuters expected…

If King Dollar is wobbling, this asset is your best investment, says Citi

If King Dollar is wobbling, this asset is your best investment, says Citi

Fresh data showed China’s economy knocked it out of the park early this year, as its strict pandemic lockdown ended. That may be giving a lift to U.S. stock futures for Tuesday, possibly bringing the S&P 500 one step closer to those February highs. But investors may not want to get too far ahead of…

Falling earnings estimates may follow banking stress, says Morgan Stanley.

Falling earnings estimates may follow banking stress, says Morgan Stanley.

Will optimism hold as earnings season gets fully under way this week and is banking stress done? Our call of the day, from Morgan Stanley’s chief U.S. equity strategist Mike Wilson, warns of a long shadow cast by March stress, despite a mostly upbeat stock market. “In contrast to what we expected, the S&P 500…

Here are four stocks that benefit from people being stuck in their homes

Here are four stocks that benefit from people being stuck in their homes

It’s a big day for the economy, with data on inflation and the latest Fed minutes due for release. More on that later. But first let’s discuss the housing market, and this startling chart. It shows the huge gap between mortgage rates, and the rates that Americans are actually paying — a gap that hasn’t…

Stock futures steady ahead of big week for data, kick off of earnings season

Stock futures steady ahead of big week for data, kick off of earnings season

U.S. stock futures pointed to a flat to lower start on Monday, following last week’s strong jobs data, as investors look ahead to another busy week for data and the start of first-quarter earnings season. How are stock-index futures trading? S&P 500 futures ES00, +0.06% were up 0.75 point at 4,132 Dow Jones Industrial Average…

Why stock-market investors may no longer see bad news as good news

Why stock-market investors may no longer see bad news as good news

Investors are suddenly worried about a potential recession. That means “bad news” on the economy might no longer be “good news” for the stock market. Until recently, investors welcomed signs of a slowing economy, figuring it meant the Federal Reserve would soon stop raising interest rates, presumably in time to avert a recession as inflation…

Dow futures flip higher after March jobs report in thin Good Friday trading

Dow futures flip higher after March jobs report in thin Good Friday trading

U.S. stock-index futures turned higher in a holiday-shortened session after a solid March jobs report, though investors won’t fully digest the data until next week with cash trading in equities closed due to the Good Friday holiday. Trading in stock-index futures closed at 9:15 a.m. Eastern. Stock-index futures resume trading at their regular time, 6…

As investors run for cover, this fund manager is buying energy companies, shopping malls and home builders

As investors run for cover, this fund manager is buying energy companies, shopping malls and home builders

The standard advice from Wall Street these days: stay defensive, be wary. And retail investors seem to be heeding that, rejecting stocks and bonds for money-market funds as a banking crisis also simmers. But our call of the day is tearing a page out of Warren Buffett old playbook — being greedy when others are…