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 […]
Focus Returns to Earnings and Interest Rates
While the tech sector plunge took most of the attention Monday it ended up being more of a rotational day between sectors as the deep dives of 3.1% for the NASDAQ and 1.5% for the S&P were partly offset by a 0.6% gain for the Dow Industrials. Today US index futures have stabilized trading between […]
New Competition in AI Crushes Tech Stocks
The emergence of a new Chinese competitor in the Artificial Intelligence area, called DeepSeek, has sparked a severe and abrupt change in sentiment toward AI related stocks. Nvidia, who had been the darling of the group for over a year, is down 11.5% in premarket trading and NASDAQ futures are down 3.5%. S&P futures are […]
Investors Digest PMI and Earnings Reports
US index futures are trading flat to down 0.2% as traders pause to catch their breath at the end of a busy week and position for next week’s round of mega cap earnings reports. Overseas, Hong Kong rallied 1.8% and the Dax is up 0.4%, most other major markets have been quiet. Overnight, the Bank […]
Stocks Pause, Bitcoin Retreats as Treasury Yields Climb
US index futures are mixed this morning with NASDAQ futures down 0.5% and Dow Futures up 0.1%. This sluggishness following two days of strong gains for US markets following the Inauguration so far appears to be normal profit-taking. European markets are climbing this morning, with the Dax up 0.3% and the FTSE up 0.2%. The […]
Strong Earnings Keep the Equity Rally Rolling
Between a positive response to President Trump’s first days back in office and another round of positive reports, investors around the world have continued to pile on the equity market bandwagon. NASDAQ futures are up 1.0% while Dow futures are up 0.3%. Netflix* has been the star of the show overnight, soaring 14.6% premarket 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, […]
Canada In Focus On Inauguration Day
US markets are closed for Martin Luther King Day today and being January 20th, it’s also Inauguration Day in the USA. Coming off a strong finish to last week, which saw major US indices close up 0.8% to 1.5%, US index futures are quiet this morning trading flat to down 0.1%. European trading is also […]
Equity Rally Resumes Alongside US Dollar Gains
Preparations continue across world markets for President Trump’s inauguration on Monday, which also is Martin Luther King Day so US markets will be closed. US index futures are up 0.50% to 0.75% heading into the long weekend, unwinding yesterday’s US index losses of 0.1% to 0.9%. Over in Europe, the Dax is up 1.0% and […]