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Wall Street Looks Set For Modestly Lower Start Ahead Of Key Data, Tech Stocks Muted In Premarket: Analyst Says 'Bearish Sentiment Has Become Understandably Quiet'
Friday, June 21, 2024 - 7:25am | 1235Wall Street is on track for a lackluster open after the S&P 500’s back-to-back record performances in the first two sessions of the week. The major index futures were all uniformly lower in early trading. Given the wall of worry over growth, traders are expected to closely watch data on...
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Wall Street Looks To Snap 4-Day Losing Streak As Traders Eye Fed Speeches, Netflix Earnings: Analyst Pencils S&P 500's Next 'Major' Downside Support
Thursday, April 18, 2024 - 6:55am | 1691Cautious optimism hangs in the air on Thursday morning as index futures traded up moderately in early hours. The earnings season also heats up with more financial companies and streaming giant Netflix, Inc. (NASDAQ:NFLX) scheduled to release quarterly results. Economic data on the...
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US Stocks Rebound As Powell Signals Fed Will Proceed 'Carefully' On Interest Rates: What's Driving Markets Thursday?
Thursday, October 19, 2023 - 12:38pm | 1295Thursday saw the U.S. stock market displaying mixed performance as 10-year Treasury yields approached the 5% threshold, only to recover in response to Federal Reserve Chair Jerome Powell‘s opening remarks prior to his Economic Club of New York address, prompting traders to scale back their...
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Stocks Dip On Rate Worries; Nvidia Backtracks From Record: What's Driving Markets Tuesday?
Tuesday, August 22, 2023 - 1:48pm | 1077Near midday during New York’s trading session, a momentum shift rippled through all indices, offsetting Monday’s gains. S&P Global Ratings downgraded five U.S. regional banks, and has concurrently revised the outlook for two additional banks, a move that has stirred apprehension...
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Stocks Rebound, Tech Rallies As Dip Buyers Return: What's Driving Markets Tuesday?
Tuesday, June 27, 2023 - 1:43pm | 1268After two days of decline, stocks rebounded on the back of improved sentiment as buyers emerged on dips. The most recent economic data revealed stronger-than-anticipated orders for manufactured durable goods and much stronger-than-anticipated home sales in May, dispelling earlier fears of a...