Markets Little changed The major averages are hovering close to record highs after the S&P 500 notched its largest weekly advance since February. Traders appear to be growing more confident that U.S. inflation trends are not a sustained economic threat … Continue reading
Markets Key inflation report Dow futures retained their edge overnight as President Biden announced an agreement on a bipartisan infrastructure plan. Contracts linked to the index climbed 0.3%, though the other averages weren’t far behind, with the S&P 500 inching up 0.1% and … Continue reading
Markets Some rotation? While the S&P 500 snapped a two-day winning streak on Wednesday, momentum continued overnight, with futures tied to the benchmark index – as well as the Dow and Nasdaq – climbing 0.5%. It comes ahead of the latest … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar PMI Composite Flash 9:45 AM ET New Home Sales 10:00 AM ET https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link EIA Petroleum Status Report 10:30 AM ET S&P 500 ***Written 8 pm Tuesday evening for Wednesday’s trading for contribution to MrTopStep’s “The … Continue reading
Markets Awaiting Powell Following a big day for U.S. equities on Monday, where the Dow took back its lead to close nearly 2% higher, stock index futures are debating their next direction. The wary atmosphere comes before Powell makes his next … Continue reading
Markets Reflation trade in focus U.S. stock index futures are now in the green, up 0.6% in overnight trade. Source: SeekingAlpha.com Economic Calendar 8:30 Chicago Fed National Activity Index https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle … Continue reading
Markets Overnight, Dow and S&P 500 futures hugged the flatline, while contracts tied to the Nasdaq rose 0.2%. Source: SeekingAlpha.com Economic Calendar 1:00 PM Baker-Hughes Rig Count https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 2 (CD2): Price … Continue reading
Markets Stock futures slipped further overnight, with the Dow and S&P 500 down 0.4%, respectively, and the Nasdaq off by 0.6%. Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims 8.30 Philly Fed Business Outlook 10:00 Leading Indicators 10:30 EIA Natural Gas Inventory 4:30 PM Fed Balance Sheet https://www.investing.com/economic-calendar/ … Continue reading
Markets Watch ’em dots Today’s Federal Reserve meeting may be the most watched in recent years, with famed investor Paul Tudor Jones even calling it “the most important in Chair Jay Powell’s career.” With inflation gathering speed and the job … Continue reading
Markets The growth trade could be returning as bond yields keep falling, with the rate on the 10-year Treasury falling another 2 bps to 1.48%. The moves helped propel the Nasdaq Composite upward on Monday, closing at a record high … Continue reading