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…
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…
The last full week of trading for May is set to kick off on a subdued note, as markets wait for progress on the debt ceiling and more Fed clarity on interest rate direction. But the S&P 500’s SPX, -0.14% surprising bust out of a range last week has opened up a debate on Wall…
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…
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…
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…
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…
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 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,…
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…
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…
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…
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…
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…
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…
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…
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…
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…
U.S. stock index futures fell Friday after three gains in four days for the S&P 500, with investors still focused on the fragile banking sector. What’s happening Dow Jones Industrial Average futures YM00, -1.10% fell 233 points, or 0.5%, to 32086. S&P 500 futures ES00, -0.96% dropped 25 points, or 0.6%, to 3953. Nasdaq 100…
U.S. stock-index futures opened with modest gains Sunday evening as investors assessed a historic deal to rescue troubled Swiss lender Credit Suisse, the latest maneuver by authorities attempting to prevent a deeper loss of confidence in the global banking system. Swiss bank UBS Group UBS, -5.50% agreed to buy rival Credit Suisse CS, -6.94% CSGN,…