Traders Focus on Earnings While Tariff Threat Looms Larger
A week that started with a selloff appears set to finish with a rally into month-end. US index futures are up 0.2%-0.8% with NASDAQ futures leading the advance. Over in Europe, the Dax is up 0.2% and the FTSE is up 0.3%. Commodity action is mixed with Crude Oil up 0.2% and Copper down 0.4%. […]
Earnings In Focus as Mega Caps Report Results
Coming off a day of 0.3%-0.5% declines for US indices, US index futures are mixed with Dow futures down 0.2% and NASDAQ futures up 0.6%. European trading finds the Dax up 0.2% and the FTSE up 0.5%. We’re in the heart of earnings season now and a lot of big names have reported overnight and […]
Interest Rate Decisions and Big Tech Earnings In Focus Today
Yesterday’s big bounce by the tech sector that drove the NASDAQ back up 2.0% appears to be running out of steam for now as investors turn their focus to major earnings releases and central bank decisions. Overnight, Starbucks ($0.69 vs street $0.67, up 2.5% premarket) beat expectations on earnings. Several big-name technology companies report after […]
US Rally Resumes as Earnings Beat Expectations
US investors are picking up where they left off on Friday, pushing stocks upward. US index futures are up 0.4%-0.6% so far this morning, building on Friday’s gains. Overseas trading has been subdued, particularly in Europe where the Dax, CAC and FTSE are all between -0.1% and +0.1%. The US Dollar is bouncing back today, […]
Light Inflation Helps Stocks to Rebound
It appears that the recent market correction may have run its course for now. Yesterday the Dow shrugged off early losses to finish with a 0.8% gain although the NASDAQ finished down 0.4%. With the exception of Tokyo which fell 1.8% overnight, overseas markets have been on the rebound, including gains of 2.5% for Shanghai, […]
Stock Selloff and Energy Rally Continue
Equity investors and cryptocurrency traders continue to react negatively to last week’s stronger than expected US Nonfarm Payrolls report. Signs of strength in the US economy have added to speculation that there could be significantly fewer interest rate cuts in the US this year dampening the easy money speculation that had underpinned 2024 gains in […]
Employment, Earnings and Potential Sanctions Drive Big Market Moves
There have been a number of positive developments this morning, but the market reaction to them in a macro and individual level has been very different. North American job numbers for December showed job creation accelerating. Both US Nonfarm Payrolls (256K vs street 154K and previous 212K) and Canada employment (street 90K vs street 25K […]
Stocks and Bonds Retreat as Treasury Yields Climb; ADP Payrolls Miss
Adding to yesterday’s US index losses of 0.4% to 1.9%, US index futures are down 0.1% to 0.2% this morning. European bourses are in red across the board with the CAC down 1.0%, the FTSE down 0.6% and the Dax down 0.3%. Asia Pacific trading saw the Hang Seng lose 0.9%. The 10-year US treasury […]
Stocks Slip as Treasury Yields Climb
Equity markets in the US were unable to build on Tuesday’s positive momentum, but major indices were able to shrug off early losses to finish the day essentially flat. Today US index futures are down 0.3%-0.4% as investors continue to grapple with the headwind of rising Treasury yields. In Europe today, the FTSE is flat […]
Short Squeeze Subsides as Holiday Trading Begins
Friday’s Triple Witching Day, which had started with a premarket slump, turned into a big rally and short squeeze with major US indices gaining 1.0%-1.2%. Starting today, with many market participants away on holidays or in and out of the office for the next two weeks, trading has quietened down. US index futures are mixed […]