Markets Wall Street futures are slightly lower, down 0.3%, after ending roughly flat on Wednesday as traders digested a 25 bps rate cut from a divided Federal Reserve. While the “moderate” policy seemed to disappoint markets, Jerome Powell highlighted that “if the … Continue reading
Markets FOMC is expected to trim interest rates today for the second time in 2019, but the question is whether Jerome Powell will give markets what they want to hear regarding plans for future cuts. While economic data in the U.S. … Continue reading
Markets Crude slips, prices still elevated The rally in oil prices is taking a breather after yesterday’s historic 14.7% gain, with October WTI down 1.8% to $61.80/bbl. Investors are awaiting clarity on how long it’ll take Saudi Arabia to restore output that was … Continue reading
Markets The Saudi oil interruption is weighing on equities just as they were getting back into rally mode, with Dow and S&P futures down 0.4% and Nasdaq futures off by 0.6%. It would be the first decline in nine days for the DJIA, … Continue reading
Markets The Dow this session is looking to surpass an intraday record high of 27,398.68, while the S&P 500 is closing in on its previous record of 3,027.98, as the rally continues with stock index futures ahead by 0.3%. Leading the rise … Continue reading
Markets Futures bounce The Dow Jones Industrial Average is primed for a seven-day winning streak as President Trump offered a “goodwill gesture” to China, suggesting potential progress in October talks. U.S. futures gained on the move, which will delay increased … Continue reading
***On the Anniversary of 911, please take a moment of thoughtful prayer for the Hero’s past and present. Consider a donation to your favorite charity or GoTo https://polaristradinggroup.com/ and select from Right-Side Column Links. Markets U.S. stock index futures are … Continue reading
Markets In Asia, Japan +0.4%. Hong Kong flat. China -0.1%. India +0.4%.In Europe, at midday, London -0.1%. Paris -0.4%. Frankfurt -0.1%.Futures at 6:20, Dow -0.3%. S&P -0.3%. Nasdaq -0.3%. Crude +0.5% to $58.12. Gold -0.6% to $1502.20. Bitcoin +0.3% to $10248.Ten-year Treasury Yield +1 bps to 1.63% Source: Seeking Alpha https://seekingalpha.com/ Economic Calendar: https://www.investing.com/economic-calendar/ 8:55Redbook Chain Store Sales10:00Job … Continue reading
Markets Heightened expectations of central bank stimulus are pointing to a positive open for Wall Street, with U.S. stock index futures starting the week up 0.2%. U.S. jobs growth slowed more than expected in August, while Jerome Powell reiterated that the … Continue reading
Markets The U.S. jobs report will be the big headline this morning, yielding clues about the health of the world’s largest economy and upcoming policy decisions. Economists expect 160,000 jobs were added during August, after advancing 164,000 in July, while the … Continue reading