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
Markets Nasdaq futures are pointing 0.4% higher amid fears of a return to stay-at-home culture, while the Dow and S&P 500 dip into the red. Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims 8:30 Philly Fed Business Outlook 8:30 Empire State Mfg Survey 8:30 Import/Export Prices … Continue reading
Markets U.S. equity futures are shaking off some of the concerns this morning, with the Nasdaq and S&P 500 up 0.4% and 0.1%, respectively, while the DJIA trails behind, down slightly at 0.1%. Higher-than-expected inflation data wasn’t the only thing to weigh on stocks, … Continue reading
Markets Get ready for the second quarter earnings season, which formally kicks off today as JPMorgan (JPM) and Goldman Sachs (GS) release results. Other major financial institutions will also report this week, including Bank of America (BAC), Citigroup (C) and … Continue reading
Markets At record highs Cyclicals or growth? While the two industries continue to battle over who will lead the market higher, both sectors appear to be doing quite well as investors head into the second half of the year. … Continue reading
Markets Beware of selloff! Not really. The major averages barely recorded a 1% decline on Thursday despite headlines that flagged concerns about a pandemic recovery. While the indexes are on track to close lower for the week, futures turned higher … Continue reading
Markets Equity benchmarks in Japan and China dropped 1% overnight and Europe is down more than 2% at midday. Things aren’t looking brighter in the U.S., where futures linked to the Dow, S&P 500 and Nasdaq are all off by about 1.2%, a day after … Continue reading