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
Markets H2 kickoff Cyclical shares are leading the market higher again as Wall Street begins the second half of 2021. The Dow closed up 0.6% yesterday, with futures tied to the index tacking on another 0.2% overnight, while the Nasdaq finished in the … Continue reading
Markets End of the first half The market has recorded a strong run in 2021, with the S&P 500 on track to register its fifth straight month of gains. The Nasdaq is also headed for its seventh positive month in … Continue reading
Markets Reconsidering reflation Big Tech and growth stocks led the market higher on Monday as the reflation trade took a backseat. Traders are now wondering if that will be the case going forward after the Fed caught some off-guard two … Continue reading
Markets Little changed The major averages are hovering close to record highs after the S&P 500 notched its largest weekly advance since February. Traders appear to be growing more confident that U.S. inflation trends are not a sustained economic threat … Continue reading
Markets Key inflation report Dow futures retained their edge overnight as President Biden announced an agreement on a bipartisan infrastructure plan. Contracts linked to the index climbed 0.3%, though the other averages weren’t far behind, with the S&P 500 inching up 0.1% and … Continue reading