Markets Another mixed day may be in store on Wall Street amid optimism about an economic recovery and fears about a second wave of coronavirus infections (Dr. Fauci will testify before the Senate at 10 a.m.). Pointing to bigger gains … Continue reading
Markets Traders are kicking off the week with some mixed feelings as U.S. stock index futures wavered between gains and losses overnight. As of the last reading, S&P 500 futures were off 0.7%, signaling weakness in the wake of last week’s … Continue reading
Markets Removing a chunk of trade uncertainty that had been hanging over the market, top U.S. and Chinese officials have agreed to strengthen cooperation for a phase one trade deal (see more below). U.S. stock index futures rose another 1% on the news, … Continue reading
Markets Stock futures are positive by 1.0% plus during overnight trade action Source: https://www.investing.com/indices/indices-cfds Economic Calendar 8:30 Initial Jobless Claims8:30 Productivity and Costs8:30 Fed’s Bostic: “Financial Impacts of the COVID-19 Pandemic”10:30 EIA Natural Gas Inventory12:00 PM Fed’s Kashkari Speech3:00 PM Consumer Credit4:00 PM Fed’s Harker: “Federal Reserve’s Response … Continue reading
Markets Optimism over the economy’s reopening appears to be supporting stock prices and the oil rally, as S&P 500 futures rose another 1% overnight and crude topped $25/bbl. U.S. stock index futures are trading higher .05% – 1.0% during GLOBEX Source: Seeking Alpha https://seekingalpha.com/ Economic Calendar https://www.investing.com/economic-calendar/ 8:15 ADP … Continue reading
Markets Turnaround Tuesday While bickering between Washington and Beijing triggered early selling on Monday, oil’s longest run of gains in nine months and re-openings of the economy are helping boost sentiment. U.S. stock index futures are ahead by 1%, while crude … Continue reading
Markets Escalating tensions between the world’s two largest economies saw S&P 500 futures fall 1% to start the week, while European stocks tumbled as investors returned from a May Day break. Source: Seeking Alpha https://seekingalpha.com/ Stock futures are negative by 1.0% plus during overnight … Continue reading
Markets U.S. stocks lost ground during yesterday’s session, while futures slid another 2% overnight, as investors took profits at the close of the S&P 500’s best month since 1987. Apple’s (NASDAQ:AAPL) failure to give guidance and plans from Amazon (NASDAQ:AMZN) to spend all … Continue reading
Markets S&P 500 is up more than 13% for April, the index’s biggest monthly increase since 1974, while futures extended the gains ahead of today’s session. Optimism was driven by positive results from Gilead’s (NASDAQ:GILD) remdesivir trial, which could help speed recovery … Continue reading
Markets U.S. stock futures follow most global markets in indicating a higher open, as today’s conclusion of the Federal Reserve policy meeting is expected to keep the benchmark interest rate near zero and maintain strong support for business during the COVID-19 … Continue reading