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US Stocks Set To Open Weaker As Traders Eye Key Main Street Events: Analyst Sees Buying Opportunity On 'Stunning' Earnings Expectations
Wednesday, January 3, 2024 - 8:28am | 1077The negative sentiment observed in the stock market at the beginning of the year appears to persist, with index futures pointing to a lower opening on Wednesday. Several market-moving catalysts, including the release of the Fed minutes, a Federal Reserve speech, and JOLTS data, could influence the...
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Tech Sector Powers S&P 500 To 10-Month High While Oil Stocks Struggle: What's Driving Markets Today
Monday, June 12, 2023 - 2:20pm | 1263Stocks kicked off the week on a positive note, ahead of key macro events in the upcoming days, including the May inflation rate figure on Tuesday and the Federal Reserve's monetary policy decision on Wednesday. The S&P 500 Index, closely monitored by the SPDR S&P 500 ETF Trust (...
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Stock Market Stumbles After Double Top Signal: Investor Anxiety Grows Over Potential Fed Rate Hike
Wednesday, June 7, 2023 - 1:23pm | 1214The stock market was pulling back on Wednesday, with both the S&P 500 index and the Nasdaq 100 index failing to eclipse Monday's highs, forming a so-called technical double top which may indicate investors are starting to take some risk off the table ahead of next week's inflation...
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Stocks Take a Breather: Regional Banks Rally, While Crypto Companies Face A Wave Of Uncertainty
Tuesday, June 6, 2023 - 2:40pm | 1259The U.S. stock market experienced a mixed session as of midday Tuesday, with major averages trading flat, while small caps in the Russell 2000 staged a strong rally fueled by the resurgence of regional banks. The SPDR S&P Regional Banking ETF (ARCA: KRE) was up 5.2% in the session,...
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US Stocks Rally Across The Board: Nasdaq 100 On Track For The Fourth Straight Week Of Gains, VIX Fear Index Reaches 2-Year Lows
Friday, June 2, 2023 - 1:43pm | 1372U.S. equities rose across the board at the close of the week as the Senate passed the Fiscal Responsibility Act, boosting investors' risk appetite, while an uptick in the unemployment rate lessened the potential rate hike risk arising from a staggering growth in nonfarm payrolls...
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US Stocks Dip, Big Tech Holds On Soft PPI, Declining Treasury Yields: Traders Are 'All-In' On June Fed Pause
Thursday, May 11, 2023 - 1:31pm | 1186Major U.S. equity indices were broadly negative on Thursday, with only large-cap tech companies holding steady, as investors fear that lower inflation and rising jobless claims constitute early signs of an economic downturn. The latest slew of data has prompted investors to completely price in a...