Those looking for a bit of good news to start the week may have to cast the net further out. Stock futures are tilting lower as COVID-19 cases flare up in China, threatening more lockdowns. And the plate was already full for investors this week, with inflation one of several data points to watch, and…
On jobs day, investors find themselves looking to the Far East, where the shocking assassination of Japan’s former prime minister, Shinzo “Abenomics” Abe, has rocked the country. Japanese markets also fell on the news of Abe’s shooting. More below. For U.S. investors, data has just revealed a stronger-than-expected jobs report amd stock futures have moved…
U.S. stocks were higher Wednesday in choppy trade, after minutes of the Federal Reserve’s June policy meeting signaled another big interest rate-hike is likely later this month despite the risk of slowing economic growth. How stock indexes are trading The Dow Jones Industrial Average DJIA, +0.33% rose 194 points, or 0.6%, to around 31,151; The…
U.S. stock futures edged lower on Friday as worries about slowing economic growth continued to suppress investors’ risk appetite, potentially extending a rotten run that saw Wall Street record its worst first half of a year since 1970. Data ahead includes the Institute for Supply Management’s June survey. How are stock-index futures trading? S&P 500…
Stocks are on the rebound again, at least that’s the vibe from futures. That’s a day after Federal Reserve Chair Jerome Powell confirmed to lawmakers, what markets already knew — that a soft economic landing might be tricky while taming the inflation beast. Along with average investors, hedge funds have had a rough start to…
Recession worries were back in the spotlight for Wall Street on Wednesday, with U.S. stocks opening lower and oil prices dropping, as investors tune in to Congressional testimony from Federal Reserve Chairman Jerome Powell. How are stock indexes trading? The Dow Jones Industrial Average DJIA, -0.50% declined 260 points, or 0.9% to around 30,280 The…
U.S. stocks rose sharply on Tuesday after a three-day holiday weekend, following the worst weekly performance for equities in more than two years. What’s happening The Dow Jones Industrial Average DJIA, +1.95% was up 545 points, or 1.8%, at 30,433. The S&P 500 SPX, +2.63% gained 95 points, or 2.6%, to trade at 3,769. The…
Gold prices rebounded on Wednesday after settling at their lowest level in more than a month as investors awaited an interest-rate decision from the Federal Reserve’s policy-setting committee. Price action The price of gold futures expiring in August GCQ22, +1.06% was up $20.8 dollars, or 1.15%, to $1,833. Silver futures expiring in July SIN22, +2.82%…
U.S. stock index futures pointed to a higher start for Wall Street on Wednesday, as investors debated whether the Federal Reserve will later deliver the largest interest rate hike in 30 years. How are stock-index futures trading? S&P 500 futures ES00, +0.49% rose 0.4% to 3,754 Dow Jones Industrial Average futures YM00, +0.37% rose 90…
U.S. stock-index futures sank Sunday after Wall Street’s worst week since January. Dow Jones Industrial Average futures YM00, -0.61% fell more than 200 points, or 0.6%, late Sunday, while S&P 500 futures ES00, -1.02% and Nasdaq-100 futures NQ00, -1.60% posted declines of more than 1%. Prices of bitcoin and other cryptocurrencies also slid over the…
U.S. stock futures pointed to a choppy start for Wall Street on Friday, with investors in a nervous wait for May inflation data a day after a sharp selloff for equities. How are stock-index futures trading S&P 500 futures ES00, +0.19% were down less than 0.1% at 4,015 Dow Jones Industrial Average futures YM00, +0.08%…
We’re in the summer soup of it right now, with a surprise Down Under from Australia’s central bank, which hiked a bigger-than-expected 50 basis points, and a European Central Bank meeting and consumer price inflation still to come this week. And jittery stocks are pointing lower as bond yields stay elevated. “A true ‘top’ in…
U.S. stocks were lower in choppy trade Friday after better-than-expected May payrolls data reinforced expectations for a series of interest rate rises by the Federal Reserve in coming months. The technology sector was leading the way south after a report that Tesla Inc. may be considering job cuts. How are stocks trading? The Dow Jones…
U.S. stock indexes opened higher on Wednesday, led by technology stocks, at the start of a new month of trading, with the quarterly earnings reporting season winding down, while the Federal Reserve begins reducing its nearly $9 trillion balance sheet. How are stock indexs trading? The Dow Jones Industrial Average DJIA, +0.35% gained 274 points,…
U.S. stocks ended sharply higher Friday, with all three major benchmarks booking weekly gains, after the Federal Reserve’s preferred measure of inflation for April had the smallest increase in a year and a half. How did stock indexes trade? The Dow Jones Industrial Average DJIA, +1.76% gained 575.77 points, or 1.8%, to close at 33,212.96,…
U.S. stock index futures were pointing to a firmer start for Wall Street on Monday, with some crediting the move to comments made by President Joe Biden about a reconsideration of China tariffs. How are stock index futures trading? S&P 500 futures ES00, +0.92% rose 38 points, or 1%, to 3,938 Dow Jones Industrial Average…
Accentuate the positive, they say. And why not, as we cruise into Monday with stocks pointing higher amid hopes for easing U.S. tariffs on China. Granted, optimism is a tall order these days, with the U.S. economy slowing, COVID not done yet (let’s hope monkeypox passes fast) and Russian boots still on the ground in…
U.S. stock-index futures gained late Sunday, after Wall Street last week sank to is longest losing streak since 1932. Dow Jones Industrial Average futures YM00, +0.85% were recently up about 250 points, or 0.8%, while S&P 500 futures ES00, +1.06% and Nasdaq-100 futures NQ00, +1.27% posted gains above 1% Crude prices CL.1, +0.30%, meanwhile, gained…
U.S. stock futures pointed to a strong bounce for Wall Street on Friday, with sentiment getting a lift from a cut one of China’s key lending rates. But investors are still facing yet another weekly loss. How are stock-index futures trading? S&P 500 futures ES00, +1.14% climbed 41.5 points, or 1%, to 3,939.25 Dow Jones…
Stocks plunged Wednesday, with the Dow heading for its worst day in about two years, after quarterly retailer results confirmed higher costs for fuel and wages are eating into profits, and as U.S. Treasury Secretary Janet Yellen warned of global stagflation taking root. All 11 main industry groups in the S&P 500 index were lower,…
U.S. stocks were in bounce mode Tuesday as retail sales for April suggested the economy remained healthy and investors awaited remarks by Fed Chairman Jerome Powell. How are stock-index futures trading? The Dow Jones Industrial Average DJIA, +0.92% rose 315 points, or 1%, to 32,538. The S&P 500 SPX, +1.27% was up 57 points, or…