General Market The dollar weakens as poor U.S. industrial production data cast fresh doubt on the strength of the U.S. economic recovery. Allegations of insider trading at the Federal Reserve reach the very top. Stocks are set to open higher as earnings season cranks up: results are due from Johnson & Johnson (NYSE:JNJ), Procter & […] More
General Market Equity indexes across the globe were near flat on Monday as data showed slower-than-expected growth in China’s economy last quarter, while five-year Treasury yields rose to their highest levels since early 2020. The U.S. dollar index edged higher along with the rise in yields amid investor expectations the Federal Reserve will need to […] More
General Market U.S. stock futures edged higher on Friday and pointed to weekly gains for major indexes, ahead of results from Goldman Sachs (NYSE:GS), which is expected to round out a strong third-quarter earnings season for big banks. Shares of Wall Street’s most prolific dealmaker were up 0.7% in premarket trading. Strong results from a […] More
General Market U.S. stock index futures climbed on Thursday as surging oil prices lifted energy shares, while investors awaited earnings updates from big banks and a fresh reading on inflation data. After a strong quarterly performance from JPMorgan Chase & Co (NYSE:JPM), peers Bank of America (NYSE:BAC), Citigroup (NYSE:C), Wells Fargo (NYSE:WFC) and Morgan Stanley […] More
General Market JPMorgan Chase & Co reported a bigger-than-expected 24% jump in third-quarter profit on Wednesday, boosted by a global dealmaking boom and strength in its wealth management arm. The bank, whose fortunes reflect the health of the U.S. economy, said robust M&A activity offset a slowdown in trading. Its consumer bank also reported a […] More
General Market Gains in technology stocks kept Nasdaq futures afloat on Tuesday, while futures tracking the Dow and the S&P 500 were pressured by worries of higher inflation and its impact on third-quarter earnings starting this week. Mega-caps growth names including Microsoft Corp (NASDAQ:MSFT), Facebook Inc (NASDAQ:FB), Amazon.com Inc (NASDAQ:AMZN), Google-parent Alphabet (NASDAQ:GOOGL) and Tesla […] More
General Market U.S. stock index futures slipped on Monday as surging commodity prices added to inflation worries, which could cloud the earnings season set to start with Wall Street banks later this week. Rising raw material costs, labor shortages and other supply chain bottlenecks have raised concerns of elevated prices denting corporate profit. U.S. oil […] More
General Market U.S. stocks are seen opening marginally higher Friday, with investors displaying caution ahead of the release of the widely-watched monthly employment report. At 7:05 AM ET (1105 GMT), the Dow Futures contract was up 30 points, or 0.1%, S&P 500 Futures traded 3 points, or 0.1%, higher, while Nasdaq 100 Futures climbed 7 […] More
General Market U.S. stocks are seen opening sharply lower Wednesday, handing back most of the previous session’s gains, with investors fretting that elevated inflation levels will prompt the Federal Reserve to tighten monetary policy faster than already expected. At 7 AM ET (1100 GMT), the Dow Futures contract was down 360 points, or 1%, S&P […] More
General Market U.S. stocks are seen opening lower Monday, handing back some of the strong gains of the previous session, as investors react with caution at the start of a week that includes the key official employment report. At 7:05 AM ET (1105 GMT), the Dow Futures contract was down 110 points, or 0.3%, S&P […] More
General Market U.S. stocks are seen opening lower Friday, starting the new month as the last one ended with investors fretting about high inflation and the potential early withdrawal of monetary stimulus. At 7 AM ET (1100 GMT), the Dow Futures contract was down 115 points, or 0.4%, S&P 500 Futures traded 14 points, or […] More
General Market Wall Street was set to rise on Thursday at the end of a bruising month on upbeat economic growth data, while investors focused on funding negotiations in Washington to prevent a government shutdown. A report from the Commerce Department revised second-quarter growth to be slightly higher, indicating that the economy remained resilient through […] More