Nvidia Earnings and Court Decision on Tariffs Boost Stocks
US stocks continue their rally this morning with Dow Futures up 0.3% and NASDAQ futures up 1.2%. Positive sentiment has been reinforced by Nvidia, which is up 5.4% premarket, beating the Street on earnings ($0.81 vs Street $0.74), and the news that the US Court of International Trade has struck down President Trump’s reciprocal tariff […]
Market Rally Pauses As Investors Digest and Await Earnings Reports
Stocks have paused their advance overnight to consolidate yesterday’s big gains. US index futures are currently flat to up 0.2%, coming off a day of 1.8% to 2.5% gains. In Europe this morning, the major indices are flat to down 0.2% and Asia Pacific indices were flat to down 0.5%, the Hang Seng taking the […]
US Stocks Surge as Trading Resumes
US investors appear to be returning from the Memorial Day long weekend ready to celebrate the weekend news that President Trump has delayed the imposition of 50% tariffs on EU countries to July 9 from June 1 to allow time for more talks. On this news US index futures are up 1.2%-1.5%, erasing all of […]
Stocks Bounce Back as Canadian Bank Earnings Week Begins
It appears that Friday’s North American selloff was primarily related to options expiry as markets have been bouncing back this morning. US Index Futures are up 0.4% to 0.7%, with Dow Futures leading the rebound from Friday’s US index losses of 1.7% to 2.2%. In Europe today, the Dax is up 0.9% with investors celebrating […]
Positive PMI and Disappointing Bank Earnings
Coming off of Monday’s mixed finish which saw the S&P 500 close at a new all-time high, the NASDAQ gain 1.0% and the Dow Industrials lose 0.3%, US index futures are pretty much flat this morning. European bourses are in the green today with the FTSE up 0.9% and the Dax up 0.2%. Currency trading […]