Markets Overnight: Dow +0.4%; S&P 500 +0.1%; Nasdaq -0.3%. Economic Calendar 8:30 Initial Jobless Claims 8:30 GDP Q2 10:00 Pending Home Sales 10:30 EIA Natural Gas Inventory 1:00 PM Results of $62B, 7-Year Note Auction 4:30 PM Fed Balance Sheet ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior session … Continue reading
Markets Fed policy update Wall Street snapped a five-session winning streak on Tuesday before a policy decision from the Federal Reserve, though things looked better in the overnight session. Nasdaq futures are ahead by 0.3% following some blowout results from … Continue reading
Markets U.S. stock futures started the week on the back foot on Monday, before things turned green and the major averages reached new highs. Will the same occur today? At the time of writing, Dow futures are off 0.5%, while contracts … Continue reading
Markets Investors are gearing up for one of the most eventful weeks of the summer, with futures ticking lower ahead of the busy slate. At the time of writing, Dow futures are off 0.5%, while contracts linked to the S&P 500 … Continue reading
Markets Rally goes on A three-day winning streak on Wall Street – that followed a sharp selloff on Monday – is showing no signs of slowing down as futures continued to climb in overnight trading. At the time of … Continue reading
Markets Green for the week Stocks are continuing to rebound following a retreat on Monday as traders don’t appear to see an immediate risk to the economic recovery. U.S. equity futures are all pointing 0.2% higher this morning Source: SeekingAlpha.com Economic Calendar … Continue reading
Markets Rebound Stocks continue to recover from an early-week selloff that was prompted by fears surrounding the rapidly spreading Delta variant. The major averages rose about 1.6% on Tuesday, as investors jumped back into equities, while futures climbed again overnight. At … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Housing Starts and Permits 8:55 Redbook Chain Store Sales https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 3 (CD3): Gap opening lower as Trader Vic Gap Rule (TVGR) when into effect. Failed … Continue reading
Markets U.S. stock index futures are also joining the global selloff after the major averages posted their first negative week in four: Dow -1.1%; S&P 500 -0.8%; Nasdaq -0.4%. Source: SeekingAlpha.com Economic Calendar 10:00 NAHB Housing Market Index https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link … Continue reading
Markets Equity futures hugged the flatline overnight as the inflation story continues to play out, with the hope that the “transitory” chapter will be finished before an overheated villain appears. Economic Calendar 8:30 Retail Sales 9:00 Fed’s William’s speech 10:00 Business Inventories 10:00 Consumer … Continue reading