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Markets Tech in the lead The Nasdaq was the only major average to rise to a fresh all-time high on Tuesday after the S&P 500 snapped a seven-day winning streak. Cyclical shares also pulled back, while Big Tech stocks, … Continue reading
Markets Futures linked to the Dow, S&P 500 and Nasdaq are hanging close to the flatline following a big week for the major averages, which notched fresh record highs in the wake of the U.S. jobs report. Nonfarm payrolls for … Continue reading
Markets Wages on watch Non-farm payrolls have come in below forecasts over the past two months as worker shortages appeared to restrict the pace of the pandemic recovery. Source: SeekingAlpha.com Economic Calendar Consensus forecasts: Change in non-farm payrolls: 700,000 (vs. 559,000 in … Continue reading
Markets H2 kickoff Cyclical shares are leading the market higher again as Wall Street begins the second half of 2021. The Dow closed up 0.6% yesterday, with futures tied to the index tacking on another 0.2% overnight, while the Nasdaq finished in the … Continue reading
Markets End of the first half The market has recorded a strong run in 2021, with the S&P 500 on track to register its fifth straight month of gains. The Nasdaq is also headed for its seventh positive month in … Continue reading
Markets Reconsidering reflation Big Tech and growth stocks led the market higher on Monday as the reflation trade took a backseat. Traders are now wondering if that will be the case going forward after the Fed caught some off-guard two … Continue reading
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