Markets Wall Street selloff While traders have been quick to dump growth stocks as inflation fears spring up in the economy, the concerns are now spreading to the broader market. Should the price pressures run too hot for a sustained … Continue reading
Markets Volatility is still reigning high in the markets, with Wall Street’s best fear gauge, known as the VIX, hitting levels yesterday that haven’t been seen in two months. The index traded as high as 23.73 intraday, as concerns about inflation … Continue reading
Markets Look out below A flurry of inflation jitters clobbered tech stocks on Monday as the Nasdaq dropped 2.4% for its worst day since March. The yield on the 10-year Treasury note also rose 3 bps to 1.6% – hitting growth names … Continue reading
Markets Digesting the jobs report The new week is starting with some familiar investing trends as cyclicals look poised to notch modest gains this morning with tech on the back foot. Dow futures are ahead by 0.3%, while contracts linked to … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar Blowout payrolls Another stellar non-farm payrolls report is likely on tap this morning, with the Labor Department set to release numbers for April at 8:30 a.m. ET. Non-farm payrolls are forecast to have increased by 978,000 … Continue reading
Markets Where do we go from here? U.S. stock index futures inched up overnight, but not by much, as traders await the latest weekly update on the number of Americans applying for jobless benefits. Source: SeekingAlpha.com Economic Calendar 8:30 Initial Jobless Claims … Continue reading
Markets Nasdaq futures up 0.6%, following by a 0.4% gain for the S&P 500 and 0.3% advance for the DJIA. Source: SeekingAlpha.com Economic Calendar 8:15 ADP Jobs Report 9:45 PMI Services Index 10:00 ISM Non-Manufacturing Index 9:30 Fed’s Evans: Monetary Policy 11:00 Fed’s Rosengren Speech 12:00 PM Fed’s Mester: Economic Outlook 3:00 … Continue reading
Markets Value over growth The Dow Jones Industrial Average started May on the right foot, with the index climbing over 200 points yesterday as growth names took a backseat. The trend continued overnight as DJIA futures inched up, though contracts linked to … Continue reading
Markets Starting the new month: U.S. stock index futures climbed overnight, with the Dow up 0.6%, and the S&P 500 and Nasdaq ahead by 0.4% and 0.2%, respectively. Source: SeekingAlpha.com Economic Calendar 9:45 PMI Manufacturing Index 10:00 ISM Manufacturing Index 10:00 Construction Spending 2:10 PM Fed’s Williams Speech ***New: PTG Trading … Continue reading
Markets Inflation and earnings U.S. stock index futures ticked lower overnight, dipping 0.4%, as investors continue to digest the latest downpour of earnings and economic data. Source: SeekingAlpha.com Economic Calendar 8:30 Personal Income and Outlays 8:30 Employment Cost Index 9:45 Fed’s Kaplan Speech 9:45 Chicago PMI … Continue reading