June Begins with Strong ADP Payrolls Offsetting Soft Earnings and Guidance

US index futures are holding steady this morning, with the main contacts trading between -0.1% and +0.1%. Over in Europe, the Dax is up 0.8% and the FTSE is up 0.4%. Copper is bouncing back today with a 1.4% gain,

Stocks Slide into Month-End As Investors Digest News, Votes and Speeches

US index futures are in moderate retreat this morning, with the three main contracts down 0.2%-0.4%. In Europe today, the FTSE is down 0.1% and the Dax is down 0.4%. Commodities are under pressure with WTI Crude Oil down 2.75%

US Returns To Trading as Month-End Approaches

US index futures are trading flat to up 1.6% this morning with NASDAQ futures leading the way higher. US investors have apparently returned from their Memorial Day in a positive mood responding favorably to news of a deal among top

Debt Ceiling Deal and This Week’s Business News Calendar

Over the weekend, US congressional leaders and the White House agreed on a deal to resolve the Debt Ceiling crisis. The legislation now needs to pass both houses of Congress ahead of a June 5th deadline, which has been pushed

Positive Pre-Holiday Trading In the US This Morning

The Friday before the US Memorial Day weekend, the official kickoff to summer driving/vacation season, finds US index futures up 0.2%-0.4%. In addition to follow-through from yesterday’s technology sector rally that sent the NASDAQ soaring 1.7%, investors appear to be

Strong Earnings Boost US Indices; Canadian Bank Earnings Disappoint Again

Boosted by its Data Center division, which produces chips that support cloud computing and Artificial Intelligence applications, Nvidia beat street expectations on EPS ($1.09 vs street $0.92) and especially sales guidance ($11.0B vs street $7.1B), by wide margins, sparking an

Oil Rallies While Stocks Digest Mixed Earnings

WTI Crude Oil is climbing for a second straight day, gaining 1.4%. In addition to follow-through action following yesterday’s warning to bears from Saudi Arabia about the next OPEC+ meeting, traders appear to be responding positively to last night’s drawdown

Mixed Markets Digest Flash PMI Reports and await Bank Earnings

An indecisive start to the week which saw the Dow Industrials lose 0.4% and the NASDAQ gain 0.5% on Monday has continued overnight and into this morning. The three main US index futures contracts are down 0.25%. Meanwhile, over in

Rising Markets Await Fed Speakers

Building on yesterday’s US index gains of 0.3%-1.5%, US index futures are trading flat to up 0.25% this morning. Over in Europe, the FTSE is up 0.4% while the Dax and CAC are up 0.8% and Milan is up 1.4%.

Stocks Keep Climbing as Wal-Mart Beats Earnings Expectations

US index futures are trading flat to up 0.3% this morning, building on yesterday’s 1.2% gains for major US indices. In Europe today, the Dax is up 1.5% while the FTSE is up 0.5%.  Commodity and currency market action is