Stock Market Today: S&P500 closes lower as tech continues to lose steam
he S&P 500 slumped for a second-straight day Thursday, pressured by wild swings as the early-day rebound in tech faded amid an ongoing rotation out of high-flying megacap tech stocks ahead of earnings from Netflix (NASDAQ:NFLX). At 16:00 ET (20:00 GMT), The S&P 500 fell 0.8%, and NASDAQ Composite fell 0.7%, the Dow…
US stock futures rise as chip rout eases; more earnings awaited
U.S. stock index futures rose in evening deals on Wednesday, steadying after a rout in chipmaking stocks, on concerns over more trade disruptions, sparked steep losses on Wall Street. Growing bets on early interest rate cuts by the Federal Reserve also spurred a broader pivot away from technology stocks and into more growth-sensitive…
Fed’s Kugler cautiously optimistic inflation headed to 2% target
Federal Reserve Governor Adriana Kugler on Tuesday expressed cautious optimism that inflation is returning to the U.S. central bank’s 2% target, with goods, services and now housing contributing to easing price pressures. “We’re seeing more progress on all three categories now,” Kugler said in comments pointing to increased confidence at the Fed that…
Powell was tightlipped on timing, but subtle shift on policy tees up sooner cuts
Federal Reserve chairman Jerome Powell on Monday was tightlipped on when the Fed could start cutting interest rates, but the Fed chief’s increased focused on the labor market, suggest the U.S. central bank is getting more confident of dropping the axe on rates soon. During an interview at the Economic Club of Washington,…
Gold prices edge lower as dollar firms after Trump attack
Gold prices fell slightly in early Asian trade on Monday, remaining in sight of a record high but seeing few increases in safe haven demand after an alleged assassination attempt on former U.S. President Donald Trump. Safe haven buying, in the face of increased U.S. political uncertainty, favored the dollar, with the greenback…
Asian stocks surge as TSMC boosts tech; Nikkei at record high
Asian stocks rose on Thursday as technology stocks rallied after positive revenue figures from chipmaking giant TSMC sparked more optimism over artificial intelligence, with Japanese stocks crossing new peaks. Regional stocks tracked an overnight rally on Wall Street, where the S&P 500 and NASDAQ Composite surged to record highs as comments from Fed…
Powell flags cooling labor market as emerging risk as Fed moves closer to cuts
Federal Reserve Chairman Jerome Powell on Tuesday didn’t quell expectations for a September cut, but rather appeared to be laying the foundations for cut in the coming months after flagging the recent labor market cooling as an increasingly important cog in the Fed’s rate-decision wheel. “Elevated inflation is not the only risk we…
US stock futures edge higher; Powell’s testimony looms large
U.S. stock index futures rose Tuesday as increased expectations for a September rate cut kept Wall Street buoyant before testimony from Federal Reserve Chair Jerome Powell. At 06:00 ET (10:00 GMT), Dow Jones Futures rose 35 points, or 0.1%, S&P 500 Futures rose 11 points, or 0.2%, and Nasdaq 100 Futures rose 75…
Boeing, Paramount Global, Corning rise premarket; Exxon Mobil, Tesla fall
U.S. stock futures traded in tight ranges Monday, with traders awaiting the release of key inflation data as well as testimony from Fed chief Jerome Powell to Congress this week. Here are some of the biggest premarket U.S. stock movers today: Boeing (NYSE:BA) stock rose 0.7% after the aircraft manufacturer agreed to plead…
US stock futures tread water as nonfarm payrolls approach
U.S. stock index futures moved little in holiday-thinned trade on Thursday evening, with focus turning squarely towards key nonfarm payrolls data for more cues on interest rates. While markets were closed for the Independence day holiday, Wall Street indexes were sitting at record highs hit earlier this week as a swathe of soft…
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