Markets Traders returning from the holiday are sending U.S. futures higher following the Grinch’s appearance on Christmas Eve that continued the market meltdown. President Trump has since praised U.S. companies, saying, “they have record kinds of numbers. So I think … Continue reading
Markets Stock markets around the world continued to slide Friday as a last minute Santa Rally continued to look increasingly unlikely. Adding to worries triggered by the Federal Reserve, President Trump is refusing to sign a stop-gap spending bill unless … Continue reading
Markets Stocks fell across the globe overnight after the FOMC lifted interest rates for the fourth time this year, while Fed Chair Jerome Powell downplayed implications of market volatility and said the central bank would continue its balance-sheet runoff. The … Continue reading
Markets The Federal Reserve is widely expected to raise interest rates by a quarter of a percentage point today, but may cut the number of hikes it anticipates next year in the face of market volatility, a collapse in oil … Continue reading
Markets U.S. futures are pointing to a slight recovery for Wall Street with the stock market on pace for its worst December since the Great Depression. Aside from signs of slowing growth around the world, drama is setting in as … Continue reading
Markets U.S. stock index futures are pointing to a slightly higher open following the worst start to a December since 1980. Major indexes fell more than 5% last week and Friday marked the first time since March 2016 that all major indexes … Continue reading
Markets Stocks across the globe are losing ground after weak economic data from China and Europe (see below) fanned concerns of a worldwide slowdown. Traders had anticipated a “Santa Rally” might have arrived following a rough December start for equities, … Continue reading
Markets U.S. stock index futures are holding on to yesterday’s gains as China resumed buying U.S. soybeans, making its first major purchase since President Trump and Xi Jinping struck a trade war truce. In another sign of concessions, China appears … Continue reading
Markets In Asia, Japan +2.2%. Hong Kong +1.6%. China +0.3%. India +1.8%. In Europe, at midday, London +1.3%. Paris +1.7%. Frankfurt +1%. Futures at 6:20, Dow +0.6%. S&P +0.7%. Nasdaq +0.9%. Crude +1.8% to $52.56. Gold +0.1% to $1248.80. Bitcoin +2.1% to $3415. Ten-year Treasury Yield flat at 2.88% (Source: Seeking Alpha) Economic Calendar … Continue reading