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
Markets Stock index futures appear to be in wait-and-see mode, inching between gains and losses overnight, as hopes for a quick economic rebound are brought into question. “The path ahead is both highly uncertain and subject to significant downside risks,” Jerome … Continue reading
Markets It didn’t take long for markets to resume their climb upwards as U.S. stock index futures advanced 0.7% overnight to rebound from yesterday’s selloff. Major indices slumped 2% on Tuesday amid fears about a second wave of coronavirus infections Source: SeekingAlpha.com Source: https://www.investing.com/indices/indices-cfds Economic Calendar … Continue reading
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