Stock futures opened higher Wednesday evening heading into the final session of September and the third quarter, with investors continuing to eye moves in Treasury bond yields and debates in Washington as a possible government shutdown looms. Contracts on the S&P 500 ticked above the flat line. The index was on track to post its first monthly decline since January, with concerns around fiscal and monetary policy, inflation, regulations in China and the ongoing pandemic all colliding to… Source link
Read More »Stock futures open higher, shaking off earlier losses
Stock futures opened slightly higher Tuesday evening after dropping during the regular trading day, with September selling pressure returning to markets even after a report showed a slower-than-expected rise in inflation last month. Contracts on the S&P 500 ticked above the flat line. Dow futures also steadied after the index shed nearly 300 points during the regular trading day, resuming declines and falling for the sixth time in seven sessions. Shares of technology heavyweight Apple (AAPL)… Source link
Read More »Stock futures open slightly higher ahead of inflation data
Stock futures opened higher Monday evening after a mixed session earlier, as traders awaited a highly anticipated new inflation report. Contracts on the S&P 500, Dow and Nasdaq were each slightly higher as the overnight session kicked off. During the regular trading day, the S&P 500 and Dow rose to each end five-session losing streaks, while the Nasdaq extended last week’s losses. On Tuesday, traders are set to receive the Labor Department’s August consumer price index (CPI), which is likely… Source link
Read More »Stock futures open mixed ahead of Fed’s Jackson Hole event
Stock futures traded sideways Wednesday evening to hold near record levels, as traders anxiously awaited the start of a key Federal Reserve event on Thursday. Contracts on the S&P 500 opened little changed after the index reached a new record level during the regular trading day and logged a fifth consecutive session of gains. The Nasdaq had also reached a fresh record high. Shares of Dow component Salesforce.com (CRM) edged higher in late trading after the software company boosted its… Source link
Read More »Stock futures open higher, extending gains after record-setting session
Stock futures opened higher Monday evening, building on advances following a record-setting day. Contracts on the S&P 500 edged up. The blue-chip index set a record intraday high earlier on Monday, but ended just short of a record close. The Nasdaq outperformed and rallied 1.6% to new highs, led by gains in Big Tech stocks including Amazon (AMZN). “Reopening” stocks including the airlines and cruise lines also added to gains after rising during the regular trading day, with optimism over a… Source link
Read More »Stock futures open TK after Fed minutes point to taper talk
Stock futures opened slightly lower Wednesday evening after a selloff during the regular trading day, driven by jitters over a potential shift in monetary policy that might remove some of the stimulus underpinning equity markets. Contracts on the S&P 500 ticked lower. Earlier, both the S&P 500 and Dow dropped more than 1% to post a back-to-back session of gains. Shares of Robinhood (HOOD) dropped more than 8% after the trading platform delivered its first earnings report since going… Source link
Read More »‘Floodgates’ open on mutual funds converting into ETFs
Investor hunger for more exchange-traded funds (ETFs) is catching the attention of asset managers now eager to convert their mutual funds. [Read: Yahoo U: What are ETFs?] On Wednesday, JPMorgan Asset Management announced plans to convert about $10 billion in U.S. mutual funds into ETFs, the latest in a trend that could be set to accelerate. The plan will create “active transparent ETF structures” out of four current mutual funds: JPMorgan International Research Enhanced Equity Fund, JPMorgan… Source link
Read More »Gold Tumbles With Silver as ‘Panic’ Selling Grips Asian Open
(Bloomberg) — Gold extended its slump, and silver tumbled, after a stronger-than-expected U.S. jobs report fueled bets that the Federal Reserve may start paring back its massive monetary stimulus soon. Spot bullion fell more than 4% and silver slumped as much as 7% as the selloff following Friday’s employment figures initially accelerated at the start of Asian trading. Dallas Fed President Robert Kaplan said the central bank should start tapering its asset purchases sooner rather than… Source link
Read More »Stock futures open slightly higher
Stock futures gained Monday evening to shake off earlier declines ahead of another batch of corporate earnings results. Contracts on the S&P 500 ticked up after the blue-chip index ended a choppy session on Monday lower. The Dow had also closed out the regular trading day in the red, losing steam in the final hour of trading after reaching a record intraday high. Shares of video game-maker Take-Two Interactive (TTWO) fell in late trading after the company’s current-quarter forecast missed… Source link
Read More »Stock futures open lower, extending earlier declines
Stock futures opened lower Thursday evening to extend decline from the regular session. Contracts on the S&P 500 moved to the downside. Earlier during the regular session, the Nasdaq lagged, with technology and growth stocks coming under selling pressure as concerns over the strength of the U.S. economy recovery increased. This week, investors have taken in a bevy of new economic data alongside an early batch of second-quarter earnings results. On the economic side, data have been mixed,… Source link
Read More »