Tag Archives: drop

Stock futures opened slightly higher Monday evening after a mixed session, as investors further mulled the market implications of Federal Reserve Jerome Powell’s renomination to lead the central bank. Contracts on the S&P 500 rose. Earlier, the blue-chip index set an all-time intraday high before pulling back to end in the red, with a drop in technology stocks dragging on the index. The Nasdaq underperformed with a drop of more than 1%, while the Dow ended narrowly in the green. Shares of… Source link

Stock futures drifted sideways Wednesday evening after a technology-led drop across the major equity indexes, with traders mulling signs that elevated inflation was still reverberating across the recovering economy.  As of market close Wednesday, the S&P 500 dropped for a back-to-back session, giving back more gains after eight consecutive sessions of advances to kick off November trading.  With no notable economic data due out on Thursday due to the Veterans Day holiday, investors have been… Source link

Stock futures dipped Thursday evening, with investors eyeing a couple of disappointing earnings results from Apple (AAPL) and Amazon (AMZN) that punctuated an otherwise solid quarterly reporting season from many major companies.  Contracts on the S&P 500 fell, pulling back after the blue-chip index set a record closing high on Thursday. Nasdaq futures underperformed amid the drawdown in the big technology names. Amazon shares dropped in late trading after the e-commerce juggernaut missed… Source link

Google today announced a preview of Android 12L, which sounds like a new version of Android, but Google calls it “a special feature drop that makes Android 12 even better on large screens.” The idea here is to provide users on tablets, foldables and Chrome OS laptops — anything with a screen above 600 dp — with an improved user interface. The developer preview of Android 12L is now available for developers who want to give it a try, as well as a new Android 12L emulator and… Source link

Stock futures fell Monday morning to give back some gains after the S&P 500’s best week since July, with investors’ concerns over elevated inflation offsetting hopes that more companies will follow the lead of the big banks last week and post strong quarterly earnings results.  Contracts on the Dow dropped about 100 points, or 0.3%, with about two hours until the opening bell. The S&P 500 and Nasdaq also headed for lower opens. The moves tracked a drop in overseas equities after China… Source link

(Bloomberg) — U.S. futures dropped with European stocks as the highest oil prices since 2014 stirred fears that a spreading energy crunch will derail the global pandemic recovery. Most Read from Bloomberg West Texas Intermediate crude rose past $80 a barrel and China’s coal futures reached a record as flooding shuttered mines. European equities were modestly lower, with declines led by travel companies. U.S. contracts also slipped, with those on the tech-heavy Nasdaq 100 underperforming the… Source link

Stock futures sank Tuesday morning, with technology stocks leading the way lower as investors nervously eyed a swift rise in U.S. Treasury yields.  Futures on the Nasdaq, a proxy for technology and growth stocks, underperformed against the other two major stock indexes, dropping 1.5% ahead of the opening bell.  The rapid rotation away from growth and technology stocks came as Treasury yields added to recent gains. The yield on the benchmark 10-year note jumped more than 5 basis points to top… Source link

(Bloomberg) — A plunge of more than 20% in U.S. stocks is looking more like a real possibility, according to Morgan Stanley strategists led by Michael Wilson. Most Read from Bloomberg While it’s still a worst-case scenario, the bank said that evidence is starting to point to weaker growth and falling consumer confidence. In a note on Monday, the strategists laid out two directions for U.S. markets, which they dubbed as “fire and ice.” In the fire outcome, the more optimistic view, the… Source link

(Bloomberg) — Moderna Inc. and BioNTech SE, the world’s leading Covid-19 vaccine makers, tumbled for the second day in a row, losing roughly $60 billion in combined market value as investors balked at the companies’ lofty valuations. The declines deepened Wednesday with Moderna closing 16% lower and BioNTech dropping 14% as trading volume picked up. The stocks had soared more than 360% each this year through Monday, when both set record closing highs. Wall Street has been divided on the… Source link

(Bloomberg) — The 2021 Bitcoin bubble is deflating and hitting a $1.3 trillion industry built on to-the-moon speculation and rampant leverage. The damage from the latest selloff is spreading across the world of crypto loans, options and futures — wiping out money-spinning strategies from the famous basis trade to yield farming. Even with Wednesday’s rebound, Bitcoin at around $31,700 is still trading near the lower end of its range over the past two months, and down about 50% from the April… Source link