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The strong finish to January that saw US indices climb 1.0%-1.7% yesterday continued overnight with the Hang Seng gaining 1.0%. Momentum has faded this morning, however, with the Dax up 0.3% and the FTSE up 0.2%, while US index futures
The new trading week finds stocks in reverse, with US index futures down 0.5%-1.1%, giving back Friday’s US market gains of 0.0%-1.0%. In overseas action, the Hang Seng fell 2.75%, the Dax is down 0.5% and the FTSE is flat.
Intel (INTC) rocked the markets last night after it missed on earnings ($0.10 vs street $0.20), missed on sales ($14.0B vs street $14.5B), and forecast a $0.15 per share loss for Q1. Management blamed its struggles on customers reducing demand
Coming off of a mixed day for US markets where the Dow fell 1.1% and the NASDAQ finished up 0.2%, US index futures are up 0.1%-0.3% this morning. Overseas, the Nikkei popped 2.5% while the Hang Seng gained 0.5%. The
US traders return from their long weekend today to find equities down slightly and commodity action mixed. US index futures are all down about 0.2%, while in Europe, the Dax is flat and the FTSE is down 0.3%. The US
As is typical on days that the US market is closed for a holiday, Martin Luther King Day today, trading in international markets has been fairly quiet. US index futures, which close shortly, are down 0.1%-0.3% giving back some of
The kickoff to earnings season has been a mostly positive one with several banks and other companies beating street expectations including JPMorgan Chase ($3.57 vs street $3.08), Bank of America ($0.85 vs street $0.77), Wells Fargo ($0.67 vs street $0.60),
The US Consumer Price Index came in at 6.5%, in-line with street expectations and down from 7.1% last month, while core CPI, excluding food and energy also met expectations (5.7% in-line, vs previous 6.0%). Meanwhile, US weekly jobless claims beat
Building on a constructive Tuesday, where US indices shrugged off early softness and gained in strength through the day to finish up 0.5% to 1.0%, US index futures are all up about 0.2%, continuing their New Year’s Rally. Overseas markets
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