Soft Tech Sales Send Stocks Slumping
NASDAQ futures are down 0.8% this morning, outpacing the 0.1% decline by Dow Futures to the downside. Sentiment appears to be getting impacted by disappointing news from the technology sector. Although Google parent Alphabet and chipmaker Advanced Micro Devices (AMD) both beat expectations, overall cloud revenues at Alphabet and data centre revenues at AMD were […]
Trade War Focus Turns To China
Stocks and currencies have stabilized overnight after President Trump postponed the implementation of tariffs against Canada and Mexico for one month after agreements were reached to improve border security. New 10% tariffs continue, however, and China has retaliated with new tariffs against some US goods and regulatory investigations against some US companies. This morning finds […]
Trade Turmoil Rocks World Markets
Tariffs throw sand into the gears of global commerce and markets have long hated them. They hated them in the Depression, they hated tariffs in 2002, and the hated them at other times over the decades. It should come as no surprise to anyone then that after markets ignored the looming threat of a trade […]
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 […]
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 […]