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
Markets The “too early to call” Election Night does not seem to be giving tech traders anxiety as Nasdaq 100 (NASDAQ:QQQ) futures climbed fast enough to trigger an exchange volatility halt that pauses rapid swings at 3.5%. Contracts linked to the index … Continue reading
Markets Rally in the works U.S. equity index futures are continuing their strong start to the week in the wake of last week’s selloff, climbing another 1.4% overnight following a green session on Monday. Source: SeekingAlpha.com Economic Calendar 8:55 Redbook Chain Store Sales10:00 Factory Orders … Continue reading
Markets What will November bring? The major averages are coming off their worst monthly performance since March amid surging coronavirus infections, extinguished stimulus talks and a slump for Big Tech following quarterly earnings reports. The Dow closed out October with … Continue reading
Markets Wild swings Solid earnings from America’s largest tech firms weren’t enough to keep investors from selling late Thursday, with U.S. stock index futures reflecting the sentiment overnight: Dow -1.5%; S&P 500 -1.5%; Nasdaq -2%. Alphabet (GOOG, GOOGL) took the spotlight of yesterday’s Big … Continue reading
Markets Worst selloff in months Futures are trading near lows pre-RTH following a session that saw the biggest plunge for stocks since June on a resurgence in the number of deaths and hospitalizations due to COVID-19: Dow +0.8%; S&P +1%; Nasdaq +1.3%. Source: SeekingAlpha.com … Continue reading
Markets Selling picks up, oil tumbles An alarming rise in new COVID-19 cases continues to weigh on market sentiment, with U.S. stock index futures sliding over 1% overnight and crude futures off 4% to under $38/bbl. Source: SeekingAlpha.com Economic Calendar 8:30 International trade in goods (Advance)8:30 Retail … Continue reading
Markets Wall Street sold off on Monday, led by a decline in energy, industrial stocks and other cyclicals, prompting the Dow to slide 650 points to record its worst week since September. Echoing the weakness, compounded with little hope of … Continue reading
Markets Source: SeekingAlpha.com Economic Calendar 8:30 Chicago Fed National Activity Index10:00 New Home Sales10:30 Dallas Fed Manufacturing Survey https://www.investing.com/economic-calendar/ ***New: PTG Trading Room Chat Log’s Link S&P 500 Friday’s Session was Cycle Day 3 (CD3): 3 Day Cycle Statistic was fulfilled with price oscillating within value … Continue reading