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
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