Tag Archives: market

U.S. stock futures ticked up ahead of open on Thursday after the S&P 500 and Dow each extended a rally to close at all-time highs amid a thinly-traded last week of 2021 on Wall Street. Contracts on the Dow, S&P, and Nasdaq were up modestly as the markets looked to build on earlier gains.  This week’s market swings were exaggerated by the low trading volumes. Economic and earnings calendars remain light for the final two trading days of the year, though investors will turn their attention on… Source link

The hot housing market may finally be cooling off a bit. Pending home sales, a leading indicator of the housing market’s health, missed expectations and fell in November. The National Association of Realtors’ (NAR) Pending Home Sales Index, which tracks the number of homes that are under contract to be sold, dropped 2.2% in November from October. Analysts expected a 0.8% increase in sales, according to Bloomberg consensus estimates. Pending sales slid 2.7% from the same month a year… Source link

U.S. stock futures were muted on Tuesday after the S&P 500 took a breather in earlier trading, closing out a choppy session day in the red after the index ceased a four-day climb toward its 70th all-time high. Contracts on the Dow, S&P and Nasdaq ticked up slightly but were mostly flat. Markets closed on a mixed note following seesaw action from all three major indexes as investors weighed rising coronavirus cases across the globe. After reaching an intraday high, the S&P 500 reversed course… Source link

Christmas may be over, but for investors, the gifts may have only just begun. The “Santa Claus Rally” looks to send 2021 off on a high note for the stock market. The S&P 500 (^GSPC) set a record high for the second consecutive day on Tuesday, subsequently falling a bit in light of a small midday tech stock sell-off. ‘Ho, ho ho’, stocks on the rise? The last five trading days of the year and the first two trading days of the next year together are often the biggest week of the year for the… Source link

U.S. stock futures were up Tuesday morning after the S&P 500 closed at another record high in an all-around strong day for markets that jump-started the anticipated year-end bull run known to investors as the Santa Claus Rally. Contracts on the S&P 500, Dow, and Nasdaq were up modestly ahead of the day’s trading session. The Dow and Nasdaq were each up about 70 points, while the S&P inched about 10 points higher. For the second consecutive trading session, the S&P 500 soared past its previous… Source link

Some reassuring words on record-setting markets into the New Year from JPMorgan strategists.  “In particular, outside of the Big 10 stocks in the U.S., equity drawdowns and multiple de-rating have been severe. Russell 3000 was down only -4% and Nasdaq Composite -7% from 12-month highs, however, the average drawdown for constituents in these indices was -28% and -38%, respectively. Some argue this price action is a harbinger of late-cycle dynamics or at least an intra-cycle 10-20% market… Source link

Stock futures crept up on Monday as investors head into a quiet final week of the year, with lower trading volumes and light economic data and corporate earnings releases. Contracts on all three major indexes were in the green ahead of the trading session but ticked up only slightly after last week’s rally heading into the Christmas weekend. The S&P 500 closed at a record on Thursday, along with the Dow Jones Industrial Average and Nasdaq, buoyed by positive data that suggested the Omicron… Source link

Streaming providers have revolutionised the way we watch television and now Google are looking to get in on the action with the launch of Google TV. Consumers are already concerned by the number of different subscriptions they feel they have to take out – Amazon Prime, Netflix, Disney+ and so on – but Google are trying to present their new offering as a solution, due to the amount of free content they will be offering. What is Google TV and what is their partnership with Pluto TV? Google TV… Source link

The clock has officially begun on a potential year-end Santa Claus Rally for the stock market.  A Santa Claus Rally is one where stocks climb higher in the final seven trading sessions of a year plus the first two trading days of the New Year. Its precise cause has never been greatly explained — theories range from year-end tax considerations to people spending their fat bonuses to buy stocks to general seasonal effects. Wednesday is the first day in this nine session trek for the markets…. Source link

Oppenheimer chief investment strategist John Stoltzfus is in rarified air on Wall Street entering the New Year.  The long-term market forecaster now sports the most bullish price target on the S&P 500 amongst his peers, eclipsing the always optimistic Brian Belski at BMO Capital Markets. Stoltzfus — who has spent 38 plus years on the Street — sees the S&P 500 climbing 14% to 5,330 by the end of 2022. Belski forecasts S&P 500 5,300. Through Wednesday, the S&P 500 is up 24%… Source link