Mixed Pre-Thanksgiving Trading
The US holiday-shortened final week of November is off to a mixed start with traders continuing to digest the recent correction in AI-related stocks and continuing to speculate on whether the Fed will continue cutting interest rates or not next month. Building on Friday’s rebound that saw US indices gain 0.9%-1.0%, US index futures are […]
Fed Speculation Drives Big Market Reversals
It has been a roller coaster 24 hours for global markets, particularly risk and AI plays. Yesterday’s early enthusiasm around strong Nvidia earnings completely fell apart and stocks across several sectors staged big bearish reversals. A positive start turned into a rout as the NASDAQ lost 2.1% and the Dow dropped 0.9%. The catalyst for […]
Stocks Rally on Strong Nvidia Earnings
After the close last night, Nvidia reported better than expected earnings ($1.30 vs Street $1.25), sales ($57.0B vs Street $54.9B), and guidance. Nvidia is up 5.0% in premarket trading and this news has also reignited wider interest in AI related stocks. NASDAQ futures are up 1.8% this morning, while Dow futures are up 0.6%. In […]
Stocks Stabilize as Traders Await Nvidia Earnings
The correction in AI related stocks continued yesterday, pulling US indices down between 1.0% and 1.2%. In overnight Asia Pacific trading, the Nikkei and the Hang Seng also declined between 0.3% and 0.4%. This morning, stocks appear to be stabilizing. NASDAQ futures are up 0.2%, Dow futures are up 0.1%, the DAX is up 0.3%, […]
Choppy Markets Await Earnings and Economic News
Global markets opened the week on a muted note, with most major indexes trading flat to slightly lower. Overseas equities softened overnight, with the Hang Seng down 0.7 percent, the Nikkei off 0.1 percent, the DAX lower by 0.6 percent, and the FTSE down 0.2 percent. U.S. index futures are hovering flat to marginally negative. […]
Technology-Led Selloff Continues
Yesterday’s US retreat, which was led by technology and small cap stocks, primarily related to the Artificial Intelligence trade, has continued overnight and into this morning. In Asia Pacific trading, the Hang Seng and the Nikkei both fell about 1.8%. Today’s trading in Europe finds the DAX, FTSE, and CAC down 0.6%-1.8%. US index futures […]
Stocks Climb as Shutdown Nears an End
Coming off a mixed finish for US equity markets Tuesday, which saw the Dow rally 1.2% to a new all-time high while the NASDAQ lose 0.25%, world market trading has been generally positive overnight and into this morning. In Asia-Pacific trading, the Hang Seng gained 0.9% and the Nikkei rose 0.4%. In Europe, the DAX […]
Stocks Rally on US Shutdown Progress
It appears that last week’s stock market correction may have run its course for now. Building on Friday afternoon’s rebound in North America that brought the Dow and the S&P 500 into the green for the day, stocks have been rallying to start the week. In Asia Pacific trading, the Hang Seng jumped 1.5% and […]
Canada Employment Exceeds Expectations
With technology stocks continuing to struggle, equity markets have been slumping toward the weekend. Coming off twin 1.9% declines for the tech-weighted NASDAQ and small cap Russell 2000 Index, the Nikkei and the Hang Seng fell 1.2% and 0.9% respectively overnight. This morning finds European bourses in the red pretty much across the board, with […]
Most Markets Rebound as US Dollar Rally Fades
Building on yesterday’s bounce in North America, Asia Pacific markets rallied overnight. The Nikkei and Hang Seng gained 1.3% and 2.1% respectively. European bourses, on the other hand, are soft today with the DAX and FTSE both down about 0.2%. US index futures are 0.1%-0.2%. The legality of President Trump’s tariff program is in front […]