Markets U.S. equities took a pause on Tuesday, retreating from record highs after an injection of vaccine optimism, though the pullback may prove temporary as futures rose 0.3% overnight. Source: SeekingAlpha.com Economic Calendar 8:30 Housing Starts and Permits10:00 Fed’s Evans Speech10:00 Quarterly Services Report10:30 EIA Petroleum Inventories12:15 … Continue reading
Markets All-time highs A minor pullback was seen overnight following a bumper session for U.S. stocks amid another set of upbeat results from Moderna’s (NASDAQ:MRNA) COVID-19 vaccine trials. Dow and S&P 500 futures dipped 0.3%, while the Nasdaq rose 0.3% as Tesla (TSLA) soared on … Continue reading
Markets Dow futures are ahead by 1%, while contracts tied to the S&P 500 and Nasdaq are up 0.9% and 0.6%, respectively, building on a recent rotation into value stocks. Expectations are high that Moderna (NASDAQ:MRNA) will report a similar performance for its coronavirus vaccine, which … Continue reading
Markets U.S. indices closed lower on Thursday, stock index futures are in the green this morning, climbing nearly 1% ahead of the open. Source: SeekingAlpha.com Economic Calendar 8:30 Producer Price Index8:30 Fed’s Bullard: U.S. Economy and Monetary Policy10:00 Consumer Sentiment10:30 EIA Natural Gas Inventory1:00 PM Baker-Hughes Rig Count … Continue reading
Markets Is the rotation over? Contracts linked to the Dow Jones fell 0.5% for a second day, along with S&P 500 futures, while the Nasdaq climbed 0.5% after churning out a 2% gain on Wednesday. Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims8:30 Consumer Price Index9:30 Jerome Powell Speech10:00 Atlanta Fed’s … Continue reading
Markets Tech climbed ahead of the broader market overnight, with Nasdaq futures rising 1.1% and the Dow/S&P 500 up 0.7%. Source: SeekingAlpha.com Economic Calendar 7:00 MBA Mortgage Applications https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 ***Written 8 pm Tuesday evening for Wednesday’s trading for … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:55 Redbook Chain Store Sales10:00 Job Openings and Labor Turnover Survey 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 achieved new all-time highs early but was unable to hold those … Continue reading
Markets Dow and S&P 500 futures are ahead by 1.6%, contracts tied to the Nasdaq are up 2%, while equities jumped across the globe. In Asia, Japan +2.1%. Hong Kong +1.2%. China +1.9%. India +1.7%.In Europe, at midday, London +1.4%. Paris +1.6%. Frankfurt +1.9%.Futures at 6:20, Dow +1.6%. S&P +1.6%. Nasdaq +2%. … Continue reading
Markets Stock futures are trimming their best weekly advance since April following a four-day rally that saw the S&P score daily gains in excess of 1% and a whole lot more for Big Tech. At the time of writing: Dow -0.5%; … Continue reading
Markets Campaign trail ends with market rally Tech mega-caps continue to be the big gainers across the board following a razor-thin election and outstanding political uncertainty (didn’t the sell-side say a lack of immediate results would be negative for the … Continue reading