U.S. stock futures declined Monday morning following global equities lower, as concerns over an escalating COVID outbreak in China added to jitters over U.S. economic growth in the face of heightened inflation and monetary policy tightening. Contracts on the S&P 500 fell by nearly 1% ahead of the opening bell, as the index looked to add to last week’s losses. The Dow and Nasdaq each also headed for lower opens. U.S. Treasury yields dropped, and the benchmark 10-year yield hovered just above… Source link
Read More »Stocks fall ahead of a packed week of earnings, Fed meeting
Stocks renewed declines Monday as investors looked ahead to a busy week of corporate earnings results, economic data and a Federal Reserve monetary policy-setting meeting after an already volatile stretch of trading. The S&P 500 and Nasdaq each dropped more than 2%, while the Dow fell by more than 1.5%. During intraday trading, the S&P 500 was off by more than 10% from its record closing high from Jan. 3, putting it on track to enter a correction. And the Nasdaq Composite fell further into a… Source link
Read More »Stocks drift near record levels ahead of packed earnings week
TipRanks 3 “Strong Buy” Stocks Under $10 That Are Poised to Take Off COVID is receding, and markets are rising; those are the two trends that investors have most on their minds right now. It’s entirely sensible that they’ll go together. As the economy reopens, money will begin to circulate faster – and find its way in the equity market. With economic conditions improving, investors are on the lookout for the best returns in an expansionary environment. One natural place for them to… Source link
Read More »Brazil’s markets packed as pandemic continues
People have been photographed packing a busy market in Brazil despite the country’s ongoing battle with Covid-19. Brazil has recorded more than 10.9 million cases of coronavirus resulting in more than 260,000 deaths, according to Johns Hopkins University data. The country recorded 75,000 new cases on Saturday alone with at least 1,800 deaths. The country is facing its deadliest stretch since the pandemic began due to a homegrown virus variant dubbed P1, but concerning images continue to… Source link
Read More »