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US Stocks Likely To Open Higher As Investors Eye GDP Print, Strong Alphabet Results To Kick Off 'Mag 7' Earnings Week: Strategist Flags November As 'Best Month Of The Year' For Markets
Wednesday, October 30, 2024 - 7:08am | 1550Investors on Wall Street seem upbeat as the index futures point to a positive start on Wednesday despite ending the previous session on a mixed note. Search and advertising giant Alphabet Inc. (NASDAQ:GOOG) (NASDAQ:GOOGL) kicked off the highly anticipated tech earnings week on a strong note. The...
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US Stocks Likely To Open Weaker As Investors Eye Alphabet, AMD And Pfizer Earnings: Expert Says Won't Be 'Surprised' If Earnings Exceed Wall Street Expectations
Tuesday, October 29, 2024 - 7:42am | 1268U.S. stocks could see a weak opening on Tuesday after the averages registered a mixed last week. While the S&P 500 and Dow Jones snapped their six-week winning streak, the Nasdaq Composite chalked its seventh straight week of gains. Earning news flow will continue to pick up momentum in the...
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US Stocks Set To Open Higher As Tesla's Strong Profit Margins Win Over Wall Street: Wharton Economist Says 'Under-Loved' Bull Market Could See 'Significant Upside'
Thursday, October 24, 2024 - 7:11am | 1191Investors could see some respite on Wall Street as the index futures point to a positive start on Thursday after three straight days of losses. EV giant Tesla Inc. (NASDAQ:TSLA) blew past expectations in terms of margins and earnings per share (EPS), although it missed revenue expectations. Dow...
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Wall Street On Edge As Nasdaq Nears Record High, Oil Prices Plummet: Strategist Says There's Opportunity If Resilience Continues
Tuesday, October 15, 2024 - 6:43am | 1624Wall Street mood has become circumspect as traders gear up to receive a slew of earnings reports this week amid the market’s record run. The Nasdaq Composite has been a laggard among the major averages and it remains to be seen if the early sentiment reverses and tech stocks could finish the...
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US Stocks Poised To Bounce Back As Bond Yields Dip, Oil Prices Slide, PepsiCo Pulls Back: Set-up 'Quite Positive' For Equities, Says Economist
Tuesday, October 8, 2024 - 7:12am | 1442Wall Street is gearing up for a firmer start on Tuesday after stocks pulled back sharply in the previous session. The index futures firmed up amid a pullback in the 10-year Treasury note yield and dovish comments issued by a Federal Reserve official. Speaking at a European Central Bank event in...
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Fed 'Catching Up' With 50-Point Rate Cut: Fund Managers Expect Gains In Emerging Markets, Small Caps
Tuesday, September 24, 2024 - 8:21am | 940The Federal Reserve’s recent 50 basis point rate cut marks a notable shift in monetary policy, with significant implications for both the U.S. economy and global markets. Fund managers and strategists are weighing in on what this means for investors and what to expect next. KraneShares: Fed'...
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Nasdaq, S&P 500 Futures Firm, China's Economic Stimulus Fuels Commodities, Bitcoin Steady: Here's What Traders Should Be Watching Tuesday
Tuesday, September 24, 2024 - 6:58am | 1475After the market ended at a fresh record on Monday, traders have positioned themselves for more gains. The index futures are modestly higher early Tuesday. China, the second largest economy in the world, decided to go bold, with the nation’s central bank announcing a series of stimulatory...
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Wall Street Could Head Higher As Traders Look Forward To Retail Sales Data Ahead Of Fed Decision, Tech Stocks On The Mend: Strategist Flags This As Best-Case Scenario For Market This Week
Tuesday, September 17, 2024 - 7:02am | 1295U.S. stocks are priming for a positive start on Tuesday ahead of the release of the key August retail sales report. Traders could throng the tech space as they seek to take advantage of the recent pullback. The market and experts are divided over the magnitude of a rate cut, but a 25 basis-point...
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No Respite For US Stocks As Futures Sag, VIX Spikes 10%, Bitcoin Slides: Strategist Warns Of Further Pain In September, But Recommends Buying Dip
Wednesday, September 4, 2024 - 7:01am | 1499The September slump will likely continue as the index futures are sharply lower early Wednesday. Traders will likely wait and watch to see how the labor market data, due for the week, pan out and their implications for the Fed funds rate. Wharton Professor and WisdomTree Chief Economist Jeremy...
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Wall Street On Track For Weak Start As Anticipation For Nvidia Earnings Drives Traders To Sidelines: Strategist Flags Shift From Volatile Tech Stocks To Good Dividend-Paying Bets
Tuesday, August 27, 2024 - 6:59am | 1195U.S. stocks are on track for a jittery start as traders brace for a few market-moving catalysts that will pan out over the next few sessions. The index futures were narrowly mixed in early trading. A couple of house price reading and the Conference Board’s consumer confidence data may provide...
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US Stocks Eye Strong Start As Traders Discount Dovish Comments From Jerome Powell At Jackson Hole: Nvidia's Earnings Will Reinforce That Tech Stocks Are In Good Place, Says Strategist
Friday, August 23, 2024 - 6:39am | 1206Traders apparently are baking in expectations that Federal Reserve Chairman Jerome Powell will confirm at Jackson Hole that a rate cut is forthcoming. After Thursday’s hiccup, stocks appear on track to open higher, with the index futures modestly higher early Friday. While delving into...
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US Stocks May Take A Breather After S&P 500's Impressive 8-Session Winning Streak: Strategist Says Market Will Hit Fresh Highs In Next 4 Weeks, But Warns Investors Of Potential Risks
Tuesday, August 20, 2024 - 6:47am | 1591The gravity-defying climb faces risk, as the index futures trade narrowly mixed in early trading on Tuesday. That said, the recent gains could keep traders wary of a potential pullback. A couple of speeches by Federal Reserve officials are the lone Main Street catalysts for the day even as the...
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Nasdaq, S&P 500 Futures Waver As Home Depot Sags And PPI Report Awaited: Analyst Says 'Insufficient Technical Evidence' That Bottom Has Been Set
Tuesday, August 13, 2024 - 7:40am | 1205Wall Street is priming for a positive start on Tuesday, as the market resiliently holds onto optimism regarding receiving benign inflation data, which will likely seal the fate of a rate cut. The producer price inflation data due ahead of the market opening is likely to show further easing in...
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Billionaire Tax, Interest Rate Cuts, And Trump's Take On Federal Reserve: This Week In Economics
Sunday, August 11, 2024 - 6:00am | 560The past week has been a whirlwind of financial news, with billionaires potentially facing a minimum tax, a call for swift interest rate cuts, and former President Donald Trump suggesting a say in Federal Reserve decisions. Elon Musk, Jeff Bezos, and Other Billionaires Could Face Minimum Tax...
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Jeremy Siegel Says Emergency Rate Cut No Longer Necessary, Urges Federal Reserve To Swiftly Lower Rates to 4% Amid Market Concerns: 'Powell Has Done Things Way Too Slow'
Friday, August 9, 2024 - 12:14am | 773Jeremy Siegel, a prominent finance professor at the Wharton School, has backtracked on his earlier call for an emergency interest rate cut by the Federal Reserve. However, he is still advocating for a rapid and aggressive rate reduction. What Happened: Siegel retracted his previous suggestion for...