Markets Stocks closed higher on Wednesday following two days of declines, though futures hugged the flatline for much of the overnight session. Traders are meanwhile looking out for more economic data that could give another snapshot of the ongoing recovery. … Continue reading
Markets Market enthusiasm ebbs Wall Street notched its first back-to-back decline since late March on Tuesday as a number of factors disrupted the bullish mood seen last week. Dow and S&P 500 futures inched down 0.1% overnight, while contracts linked to the … Continue reading
Markets Earnings and Doge Stock index futures are wobbling once again, all down 0.5%, ahead of a big day of earnings from several blue-chip companies. The reports and the outlooks will determine whether recent stock valuations are justified and could provide … Continue reading
Markets Overnight, Dow Jones futures dipped 0.2%, while the Nasdaq was ahead by 0.1%. Contracts linked to the S&P 500 inched down 0.1% as traders size up what the deluge of earnings reports may mean for the market. Source: SeekingAlpha.com Economic Calendar No event scheduled … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Housing Starts 10:00 Consumer Sentiment 10:45 Fed’s Kaplan Speech 12:30 PM Fed’s Kaplan Speech 1:00 PM Baker-Hughes Rig Count https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 2 (CD2): Price recovered the CD1 decline as … Continue reading
Markets Retail rebound The market will get some insight into how much the consumer is participating in the economic recovery with the latest retail sales numbers today. S&P futures (SPX), Nasdaq futures (NDX:IND) and Dow futures (INDU) are all in the green. Source: SeekingAlpha.com Economic Calendar … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Import/Export Prices 12:00 PM Jerome Powell Speech 2:00 PM Fed’s Beige Book 2:30 PM Fed’s Williams Speech 3:45 PM Fed’s Clarida Speech 4:00 PM Fed’s Bostic: “Redesigning Cities to Tackle Systemic Racism” 6:05 PM Fed’s Kaplan Speech https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat … Continue reading
Markets Inflation sticker shock The market is expecting Q2 to be the show-me quarter for economic data, where the numbers confirm the substantial economic progress baked into the run-up for the S&P to record levels. Source: SeekingAlpha.com Economic Calendar The Labor … Continue reading
Markets Stock index futures are down slightly. Treasury yields are lower in early trading. The benchmark 10-year Treasury yield is down 1 basis point to 1.65%, while the 5-year yield, more closely associated with Fed rate forecasts, is down 1 … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Prior Session was Cycle Day 3 (CD3): Quiet consolidation session at higher levels with another narrow trading range, keeping intra-day traders sidelined with little rotational opportunity. Range was … Continue reading