U.S. stock futures sunk Monday ahead of another wave of economic data out this week. Futures tied to the S&P 500 (^GSPC) moved lower by 0.5% in premarket trading, while futures on the Dow Jones Industrial Average (^DJI) ticked down by 0.4%. The technology-heavy Nasdaq Composite (^IXIC) fell by 0.4%. Stocks finished mixed on Friday as investors digested hotter-than-expected jobs data. The strong job gains and robust wage growth are the opposite of what the Federal Reserve would like to see in… Source link
Read More »Stock futures fall as retail sales beat, Target earnings miss
U.S. stock futures slumped Wednesday morning as Wall Street weighed an earnings warning from retail bellwether Target against government retail sales data that showed robust consumer spending ahead of the key holiday season. Futures tied to the S&P 500 (^GSPC) and Dow Jones Industrial Average (^DJI) hovered below the flatline, while contracts on the technology-heavy Nasdaq Composite (^IXIC) were off by 0.2%. The Commerce Department said Wednesday retail sales jumped 1.3% in October as… Source link
Read More »Stock futures lower amid retail earnings
U.S. stock futures started the week on a downbeat note early Monday as Wall Street hinges on another round of earnings from the retail sector. Futures tied to the S&P 500 (^GSPC) inched lower by 0.3% in premarket trading, while futures on the Dow Jones Industrial Average (^DJI) ticked down by 0.2%. The technology-heavy Nasdaq Composite (^IXIC) declined by as much as 0.4%. Stocks on Friday ended the week with their biggest gains in months, with lighter inflation data sparking hopes among… Source link
Read More »US Futures Wilt Against Fed Caution, Rising Yields: Markets Wrap
(Bloomberg) — US stock futures declined Monday and Treasury yields rose as a cautious tone from a Fed speaker tempered some of the ebullience that inflation may have peaked. Most Read from Bloomberg Contracts on the tech-heavy Nasdaq 100, typically more sensitive to interest rates, slipped 0.6% while those on the S&P 500 dropped 0.4%. Losses in New York premarket trading were concentrated in tech names, with Tesla Inc., chipmakers Nvidia Corp., Intel Corp. and Micron Technology Inc. shedding… Source link
Read More »Stock futures edge lower as election results in flux
U.S. stocks plummeted Wednesday after three days of gains, as investors mulled over a mixed verdict from the midterm election results and highly anticipated inflation data looms on the docket. The S&P 500 (^GSPC) shed over 2%, while the Dow Jones Industrial Average (^DJI) fell by nearly 650 points, or roughly 2%. The technology-heavy Nasdaq Composite (^IXIC) dragged down by almost 2.5%, or 260 points. Investors’ optimism during stocks’ three-day rally was built on expectations that… Source link
Read More »Stock futures edge higher ahead of midterms
Stocks rallied Tuesday as investors awaited the outcome of the midterm elections in the U.S. The S&P 500 (^GSPC) inched higher by 0.6%, while the Dow Jones Industrial Average (^DJI) ticked higher by 335 points, or roughly 1%. The technology-heavy Nasdaq Composite (^IXIC) edged higher by 0.5% after wavering during afternoon trading. It was the third-straight day of gains for the major indexes ahead of another week of potential market-moving events: corporate earnings, midterm elections, and… Source link
Read More »Stock futures mixed as huge earnings day kicks off
U.S. stocks were mixed on Tuesday morning ahead of corporate earnings from some of the market’s biggest players. The S&P 500 (^GSPC) inched higher 0.2% while the Dow Jones Industrial Average (^DJI) ticked down by 0.1%. The technology-heavy Nasdaq Composite (^IXIC) up by 0.6%. Stocks gained on Monday, as the major indices rallied ahead of a slew of third-quarter earnings this week. Coca-Cola (KO) posted earnings before the bell on Tuesday. The Atlanta-based company raised its full-year outlook… Source link
Read More »Stocks futures up slightly ahead of big earnings week
U.S. stocks started the week wavering as Wall Street awaits earnings from the market’s biggest players. The S&P 500 (^GSPC) edged higher 0.4%, while the Dow Jones Industrial Average (^DJI) ticked up 0.5%. The technology-heavy Nasdaq Composite (^IXIC) slid by nearly 0.1% at the open. Treasury yields retreated after a relentless climb last week that saw the 10-year note temporarily hit a 14-year high above 4.3%. On Friday, the Wall Street Journal reported that some Federal Reserve officials… Source link
Read More »Stocks Pare Gains, Futures Waver After China Rout: Markets Wrap
(Bloomberg) — Stocks in Europe pared gains and US futures turned lower as a rout in Chinese shares weighed on global equities. Treasury yields fell and the dollar gained. Most Read from Bloomberg The Stoxx Europe 600 Index held an advance of about 0.6% after rising as much as 1.4% at the open. Prosus NV slumped more than 11%, while basic resources and energy stocks weighed on the benchmark amid a fall in crude oil and gas prices. Contracts on the S&P 500 and Nasdaq 100 fluctuated before… Source link
Read More »Stock futures wobble as company earnings roll in
U.S. stock futures hinted at another choppy session Thursday as third-quarter financial results from companies continued to barrel in against a backdrop of persisting growth concerns on Wall Street. Futures tied to the S&P 500 (^GSPC) rose 0.1%, while futures on the Dow Jones Industrial Average (^DJI) added 110 points, or 0.4%. Contracts on the technology-heavy Nasdaq Composite (^IXIC) slipped 0.1% below the flatline. Meanwhile, Treasury yields held at multi-year highs, with the… Source link
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