S&P Flirts With 5000 Amid Earnings and Economic News
US equities continue their rebound this morning. US index futures are up 0.1%-0.2%, with S&P futures back up above 5000, building on yesterday’s 0.4%-1.3% rebounds. In Europe today, the Dax is up 0.7% and the FTSE is up 0.1%. The Nikkei rallied 1.2% overnight and traded above 38,000 for the first time in over 30 […]
Stocks Bounce Back From a Correction
US index futures are up 0.3% to 0.8% this morning as markets try to claw back some of yesterday’s US index losses of 1.3% to 1.8%. Over in Europe today, the FTSE is up 1.0% and the Dax is up 0.4%. The US 10-year treasury note yield is steady near 4.30%. UK consumer prices were […]
Higher Inflation Hammers Stocks
Despite US indices like the Dow and the S&P hitting all-time highs yesterday, upward momentum was slowing and markets finished mixed with the Dow up 0.3% and the NASDAQ down 0.3% on the say. Today momentum has tipped over and turned sharply downward with US index futures dropping 0.8% to 1.6%, while the Dax is […]
Stocks Consolidate S&P 5000 as Earnings Season Continues
Coming off a big Friday where the S&P 500 gained 0.5% to close above 5000 for the first time ever, US index futures are flat, trading between -0.1% and +0.1%. In Europe, the Dax is up 0.3% while the FTSE is down 0.2%. Most Asia Pacific markets were closed for Lunar New Year holidays but […]
S&P 500 Breaks Through 5,000, Canada Jobs Beat Expectations
US equities continue to climb at a moderate pace. Building on yesterday’s US major index gains of 0.1%-0.2%, US index futures are up 0.1% to 0.3% this morning. Having peeked above 5,000 briefly yesterday, S&P futures are trading clearly above the 5,000 level this morning. Indices are essentially flat in Europe this morning. Treasury yields […]
S&P 500 Reaches 5,000
It’s a momentous day for US equity markets with the S&P 500 Index reaching the 5,000 mark for the first time today. The S&P 500 has gained 3.1% over the last week, compared with a 0.25% decline for the S&P/TSX Composite Index. While Technology continues to drive the rally, there has been wider participation among […]
Earnings Reports Dominate Business News
US index futures are trading flat to up 0.3% with NASDAQ futures leading the way, essentially evening out yesterday’s US index performance of flat to up 0.3% where the Dow Industrials were the leader. Major European indices are in the red across the board with the FTSE falling 0.3% and the Dax down 0.2%.Now that […]
China Bounces Back Ahead Of Holidays
The big story overnight has been a rebound in Chinese stocks with Hong soaring 4.0% and Shanghai gaining 3.2% after Chinese securities regulators tried to shore up support by indicating plans to “guide” institutional investors to invest more in equities. This comes following several weeks of declines for Chinese markets and just ahead of the […]
Earnings And Powell In Focus To Start The Trading Week
World markets are sloppy to start the week. US index futures are down 0.1% to 0.3%, consolidating Friday’s gains of 0.35% to 1.75%. European markets are mixed with the Dax down 0.1% and the FTSE up 0.3%. Asia Pacific trading was mostly soft with Tokyo up 0.5%, but Sydney, Seoul and Shanghai all falling 1.0% […]
Strong Payrolls And Earnings Drive Stocks Higher
Building on yesterday’s US index gains of 1.0%-1.3%, US index futures are up 0.1% to 1.0% with NASDAQ Futures leading the way higher amid a series of positive business developments. Over in Europe today, the Dax is up 0.7% and the FTSE is up 0.4%. The US 10-year treasury note yield has climbed back up […]