Markets Dow and S&P 500 futures are looking to continue the surge seen Wednesday, rising as much as 0.5%, though Nasdaq futures were off slightly on word of an executive order against social media companies. Source: Seeking Alpha https://seekingalpha.com/ Source: https://www.investing.com/indices/indices-cfds Economic Calendar … Continue reading
Markets Wall Street is looking to continue Tuesday’s rally as U.S. stock index futures point to gains of more than 1% at the open. Stocks surged yesterday on optimism about economies reopening and the potential development of a coronavirus vaccine, while sentiment … Continue reading
Markets U.S. stock index futures soared 2% overnight, suggesting the S&P 500 will open above its 200-day moving average as trading resumes after Memorial Day. Source: https://www.investing.com/indices/indices-cfds Source: SeekingAlpha.com Economic Calendar 8:30 Chicago Fed National Activity Index9:00 S&P Corelogic Case-Shiller Home Price Index9:00 FHFA House Price Index10:00 Consumer … Continue reading
Markets S&P 500 futures are down another 0.5% ahead of Memorial Day weekend with the latest tensions between the U.S. and China on display. Source: Seeking Alpha https://seekingalpha.com/ Economic Calendar 8:30 Housing Starts8:55 Redbook Chain Store Sales10:00 E-Commerce Retail Sales10:00 Jerome Powell: “The Quarterly CARES Act Report … Continue reading
Markets Source: https://www.investing.com/indices/indices-cfds In U.S. economic news, today’s weekly jobless claims could offer some early clues on how quickly businesses rehire workers and the success of the Paycheck Protection Program. Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims8:30 Philly Fed Business Outlook9:45 PMI Composite Flash10:00 Fed’s … Continue reading
Markets Volatility warning “With most institutional investors believing this is a bear rally, but at risk of being forced to chase the trend if it continues, the risk is of bigger bubbles leading to larger shocks,” according to Bank of … Continue reading
Markets Futures inched between slight gains and losses overnight following the best day for Wall Street in six weeks as the Dow jumped more than 900 points and the S&P 500 closed up 3.2%. Source: Seeking Alpha https://seekingalpha.com/ Economic Calendar 8:30 Housing Starts8:55 Redbook Chain Store … Continue reading
Markets “The Fed hasn’t run out of ammunition by a long shot,” Jay Powell said in an interview last night on CBS’s 60 Minutes. “There’s really no limit to what we can do in lending programs.” S&P 500 futures climbed 1.5% on the news, … Continue reading
Markets Reopening the trading floor The New York Stock Exchange (NYSE:ICE) will open to a subset of floor brokers on May 26, who will be required to wear masks and follow strict social distancing requirements. A choppy session ensued on … Continue reading