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Fed's Rate Hike Dilemma, Housing Market And Other Key Data: Benzinga's Weekly Main Street Monitor
Monday, March 20, 2023 - 5:01am | 1164The banking crisis has complicated matters for the Fed, which was decidedly tilting in favor of a 25 basis point hike in the fed funds rate or higher at the March meeting. Inflation Easing: Most of the economic data points released in the past week vouched for the resilience of the economy....
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US Stocks Stare At More Losses In a Lackluster Week: Can Inflation Data Salvage Year's Rally?
Friday, February 24, 2023 - 7:10am | 1233See-sawing sentiment continues to persist on Wall Street, as index futures signal weakness on Friday after Thursday's positive close. A key inflation reading due ahead of the market opening may largely provide direction to the market in the final trading session of the week. Cues From...
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Nasdaq, S&P 500 Futures Lift-Off On Nvidia Boost: Market Shrugs Off Fed's Hawkishness And Bets On Rate Cuts Before Year-End, Says Analyst
Thursday, February 23, 2023 - 8:02am | 1243U.S. stocks may start Thursday’s session on an upbeat note, as traders transitorily put economic worries on the back burner in the wake of some positive earnings reports. Cues From Wednesday’s Trading: The major averages closed Wednesday’s session on a mixed note as traders...
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Nasdaq Futures Slump As Microsoft's Outlook Dampens Tech Recovery Hopes — Analyst Warns Of More Bumpiness By Mid-February
Wednesday, January 25, 2023 - 7:20am | 1436U.S. stocks look set to start Wednesday’s session on the back foot as traders digest mixed earnings news flow and continued pouring in of weak economic data points. Cues From Tuesday’s Trading: The major averages closed Tuesday’s session on a mixed note as profit-taking following...
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Tech Stocks Get Netflix Boost Amid Jittery Wider Market On Friday, Dow Stares At 4th Straight Loss
Friday, January 20, 2023 - 7:30am | 1159U.S. stocks look set for a positive start on Friday, reversing course from the sell-off seen in the past three sessions. What Happened: Traders may have to contend with Fed speeches and housing market data, which could provide direction to the market. On Thursday, the averages came...
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Nasdaq, S&P 500 Futures Slump Ahead Of Netflix Earnings, Another Batch Of Economic Data
Thursday, January 19, 2023 - 7:09am | 1284The index futures point to a moderately lower opening for Wall Street stocks on Thursday, as the negative sentiment carries over into the new trading day. What Happened: Apprehensions concerning earnings and economic growth appear to have served as a dampener, stifling the nascent recovery that has...
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Nasdaq, S&P 500 Futures Turn Lower As Traders Digest Inflation Data That Eased In Line With Expectations
Thursday, January 12, 2023 - 7:09am | 1069Trading in the index futures suggests a negative start on Thursday, as traders digest the December consumer price inflation data that came in line with expectations. The strong gains in the run-up to the inflation data are potentially weighing down on sentiment. What Happened: On Wednesday,...
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US Stocks Look Set To Carry Last Week's Momentum Forward On Monday — Focus Now On Inflation Data, Q4 Reporting Season
Monday, January 9, 2023 - 7:14am | 984Trading in the U.S. index futures points to a positive start by Wall Street stocks on Monday. With not much going around, traders may turn to a Fed speech, any potential preannouncements and energy prices for trading cues. What Happened: U.S. stocks closed the week ending Jan. 6 on a positive...
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Nasdaq, S&P 500 Futures Narrowly Mixed Ahead Of Friday's Jobs Data: Analyst Sees Fed Retaining 'Rate-Raising Bias' If Number Remains Strong
Friday, January 6, 2023 - 7:03am | 1179U.S. stocks look set for another nervous start on Friday, as the index futures traded narrowly mixed. The mood reflects the apprehensions of traders as they look forward to each piece of incoming economic evidence to draw cues on the Fed rate outlook. What Happened: On Thursday, the major averages...
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Nasdaq, S&P 500 Futures Edgy Ahead Of Data-Heavy Session — Analyst Says Markets In 'Holding Pattern' In Anticipation Of Q4 Results, CPI Print
Thursday, January 5, 2023 - 7:15am | 1141U.S. stocks look set to open Thursday’s session on a nervous note, potentially reversing the gains from the previous session. What Happened: On Wednesday, the major averages opened higher but retreated in late morning trading. Stocks recovered, following the release of the Institute for...
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Nasdaq, S&P 500 Futures Rise Ahead Of FOMC Minutes, Manufacturing Data — Analyst Sees January Effect Lifting Smid-Cap Stocks
Wednesday, January 4, 2023 - 7:20am | 1190Stocks could start Wednesday’s session on a cautious note, although the Federal Open Market Committee meeting could set the tempo for the market mood. What Happened: On Tuesday, the major averages squandered their early gains and retreated sharply through the mid-session. After consolidating...
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Why A 0.5% Interest Rate Hike Remains Likely Wednesday As Fed Officials Gather
Tuesday, December 13, 2022 - 1:06pm | 493With the release of the latest Consumer Price Index report Tuesday, the final major economic indicator is in before Fed officials make a decision Wednesday on the federal funds rate. Consumer prices showed a 7.1% year-over-year increase in November, down from 7.7% in October and below...
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Cramer Says Big Macro Data, Fed Meetings Obscure Real Opportunities, Wants Investors To Keep 'Eyes Open'
Monday, December 12, 2022 - 7:03am | 471This week has some key catalysts, including the consumer price inflation report for November, the Federal Open Market Committee meeting and the November retail sales report. What Happened: The big macro numbers and important Fed meetings are a drag, which obscure actual opportunities, CNBC “...
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Nasdaq, S&P 500 Futures Stay Afloat As Traders Turn Attention To Producer Price Inflation Report; Broadcom's Earnings Could Lift Chip Stocks
Friday, December 9, 2022 - 7:12am | 969Trading in the index futures suggests that U.S. stocks could get off to a slightly positive start on Friday. Notwithstanding the early signals, two key economic data will likely direct trading direction in the final session of the week. The major averages snapped their multi-session losses on...
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$1,000 Invested In SPY Just Before Thanksgiving Will Fetch This Much By Year-End If Returns Match 10-Year Average
Wednesday, November 23, 2022 - 10:25am | 651The SPDR S&P 500 ETF Trust (NYSE: SPY) has lost about 16% for the year-to-period, as macroeconomic uncertainties and geopolitical tensions continued to roil the markets. Analysts have been sounding out a market bottom as we enter the final leg of the year, which also happens to be its...