Stock index futures were almost flat on Monday, as investors look forward to important inflation reports and earnings scheduled for later in the week. S&P 500 futures (SPX) -0.1%, Nasdaq 100 futures (US100:IND) and Dow futures (INDU) were unchanged. The 10-year Treasury yield (US10Y) rose 3 basis points to 4.32%.Continue Reading
Imilian Next week marks the beginning of earnings season, with several big companies across the financial, consumer and technology sectors set to release their quarterly results. Investors will be keenly watching reports from PepsiCo (NASDAQ:PEP), Delta Air Lines (NYSE:DAL), Ericsson (NASDAQ:ERIC), JPMorgan (NYSE:JPM), Wells Fargo (NYSE:WFC) and Citigroup (NYSE:C). BelowContinue Reading
The S&P500 (SP500) closed in the green on Friday, after an eventful week that saw the arrival of fresh economic data supporting the easing of monetary policy. Besides focusing on the Fed’s monetary policy committee meeting, market participants also digested comments from Fed chair Jerome Powell. For the week, theContinue Reading
da-kuk The stock indexes closed on a higher note this week, as investors and traders assessed the latest employment data that showed labor market resilience, comments by Federal Reserve chair Jerome Powell and the minutes of latest monetary policy meeting. EV maker Tesla (NASDAQ:TSLA), one of the top movers thisContinue Reading
Ralf Hahn The holiday-shortened trading week fared better for electric vehicle makers NIO (NYSE:NIO), Li Auto (NASDAQ:LI), and XPeng (NYSE:XPEV), compared to the broader market, as the Chinese start-ups posted double-digit growth in sales numbers for June. For the week, NIO, Li Auto, and XPeng rose 11.06%, 14.43%, 8.05%, respectively,Continue Reading
The S&P 500 (SP500) on Friday advanced 1.95% for the holiday-shortened week to end at 5,567.19 points, posting gains in all four sessions. Its accompanying SPDR S&P 500 ETF Trust (NYSEARCA:SPY) added 1.86% for the week. Wall Street’s benchmark index kicked off H2 2024 with its best weekly performance sinceContinue Reading
PhonlamaiPhoto/iStock via Getty Images Nippon Steel (OTCPK:NISTF) (OTCPK:NPSCY) said Wednesday that Vice Chairman Takahiro Mori plans to return to the U.S. next week to discuss its proposed acquisition of US Steel (NYSE:X). The planned visit by Mori, the Japanese company’s key negotiator for the deal, follows trips to the U.S.Continue Reading
imaginima/E+ via Getty Images The American Petroleum Institute reportedly shows a draw of 9.16M barrels of oil in U.S. commercial stockpiles for the week ending June 28. Gasoline inventories reportedly show a build of 2.47M barrels for the week, distillate inventories show a draw of 740K barrels, and stockpiles atContinue Reading
The S&P500 (SP500) closed in the red on Friday, after an eventful week that saw companies including Micron Technology (NASDAQ:MU) and Nike (NYSE:NKE) posting quarterly results. The market also focused on inflation data and the first U.S. presidential debate of the year. For the week, the Nasdaq (COMP:IND) advanced overContinue Reading
MF3d The stock indexes were mixed this week, as investors and traders assessed a string of economic data, with U.S. GDP growth revised up slightly to 1.4% in the U.S. Department of Commerce’s final Q1 estimate. Meanwhile, both headline and core PCE inflation eased in May and matched estimates. CoreContinue Reading
