Posts

Showing posts with the label Before the bell update

Dow | Before The Bell Update: Stock futures losses accelerate, Dow now set to open 160 points lower

Fred Imbert, Sam Meredith 3 minutes - Source: CNBC U.S. stock index futures  dropped on Wednesday as the ongoing trade war sparked fears of a global economic slowdown and drove investors away from riskier assets and into traditional safe havens like bonds and gold.   At around 8:10 a.m. ET, Dow  Jones Industrial Average futures indicated a drop of 160 points. S&P 500 and Nasdaq 100 futures also pointed to a drop at the open. Futures were trading higher earlier on Wednesday morning.  The drop in stock futures came as Treasury yields fell to their lowest level since 2016 while gold reached a more than six-year high. The benchmark 10-year Treasury yield traded at 1.63% after staring August above 2%. The spread between the 10-year rate and the 2-year yield fell to its lowest level since 2007. Gold futures broke above $1,500 per ounce for the first time since April 2013. The metal’s returns are now higher than the S&P 500′s for the year.  Tension

Before the Bell Update: Dow set to fall 200 points at the open after Caterpillar slides on earnings miss

Image
Fred Imbert, Silvia Amaro 2 minutes U.S. stock index futures pointed to a lower open on Monday after Caterpillar’s earnings disappointed investors. Dow Jones Industrial Average futures pulled back 193 points, indicating a decline of 200.20 points. S&P 500 and Nasdaq 100 futures also indicated a decline at the open. Caterpillar shares fell more than 5 percent after the industrial giant posted weaker-than-expected earnings for the fourth quarter . The company said its sales in the Asia/Pacific region declined because of lower demand in China. Caterpillar is considered a bellwether for global trade given the company’s exposure to overseas markets. The earnings miss comes as investors brace for the busiest week of the corporate reporting season. More than 100 S&P 500 companies are scheduled to report, including Apple, Amazon and Facebook. So far, the earnings season is off to a solid start. About 70 percent of the companies that have a

Before the Bell Update: Dow set to rise 150 points as roller-coaster week rolls on

Image
Fred Imbert,Eustance Huang U.S. stock futures pointed to a higher open on Friday for the three major indexes in the U.S., as Wall Street gets set to build on back-to-back rallies. Dow Jones Industrial Average futures implied a gain of more than 150 points at Friday’s open, as of 7 a.m. ET. S&P 500 and Nasdaq futures also pointed to gains for the two indexes when they open. The rise in futures comes after a wild day on Wall Street that saw stock indexes recover from steep losses to post solid gains. The Dow closed 260.37 points higher on Thursday and the S&P 500 ended the day up 0.86 percent. The Nasdaq Composite , for its part, closed 0.4 percent higher. “We’re in the year-end period where there are a lot of folks that have stepped away from the market and therefore some significant changes in buy or sells have a more profound impact on the market,” said Gibson Smith, founder of Smith Capital Investors. “There’s another big component: A lot of

Before the Bell Update: Dow set for 250-point drop as Target slides, tech gets hit again

Fred Imbert, Spriha Srivastava U.S. stock index futures pointed to a lower open on Tuesday as a decline in Target shares pressured retailers, while the most popular technology stocks fell again. At around 7:53 a.m. ET, Dow Jones Industrial Average futures were down 275 points, pointing to a loss of 256.44 at the open. The Dow fell nearly 400 points in the previous session. S&P 500 and Nasdaq 100 futures pointed to a negative open too. Target fell 9.5 percent in the premarket after reporting weaker-than-expected earnings for the previous quarter . The company also posted lighter-than-forecast same-store sales, which is a key metric for retailers. The decline sent the SPDR S&P Retail ETF (XRT) down 2.2 percent before the bell. Kohl's, L Brands and Macy's — which are also in the XRT — fell 7.7 percent, 7.8 percent and 2.6 percent, respectively. Futures also fell as members of the popular "FAANG" trade — which is made up of Facebook, A

Before The Bell Update: Dow set to rise more than 150 points after report shows inflation slowing

Image
cnbc.com Ryan Browne

Before The Bell Update I Stocks set to rebound, boosted by blowout Home Depot earnings and renewed trade talks

Image
cnbc.com Ryan Browne U.S. stock futures traded higher in the premarket Tuesday, helped by a strong quarter for retailer Home Depot and reports of renewed trade talks between the U.S. and China. As of around 8:25 a.m. ET, Dow Jones Industrial Average futures indicated a higher open of nearly 80 points, while S&P 500 and Nasdaq 100 futures were also in positive territory. Dow futures received a boost after Home Depot reported earnings that handily topped expectations . Sentiment was also lifted after The Wall Street Journal reported Treasury Secretary Steven Mnuchin and Chinese Vice Premier Liu He had resumed trade talks . The report comes ahead of a meeting between President Donald Trump and Chinese President Xi Jinping. On Monday, equities dived with the Dow falling just over 600 points amid a confluence of worries including a sharp decline in Apple's share price, U.S. dollar strength and simmering global trade tensions. Shares of Apple c

Before The Bell Update: Stocks set to fall as Wall Street worries about global growth in the midst of rising rates I CNBC

Image
cnbc.com Ryan Browne

Before The Bell Update: US stock futures point to a lower open as investors focus on Fed decision I CNBC

Image
cnbc.com Silvia Amaro

Before The Bell Update: Dow set to jump for a third day as rebound from October sell-off continues I CNBC

Image
cnbc.com Fred Imbert, Spriha Srivastava

Before The Bell Update I Dow set to rise 200 points, GM shares surge 10% on earnings I CNBC

cnbc.com Fred Imbert, Sam Meredith

US stock futures plunge, putting the S&P 500 on the cusp of a correction I Before The Bell Update I CNBC

cnbc.com Fred Imbert, Ryan Browne, Eustance Huang U.S. stock futures pointed to a significantly lower open for Wall Street's major indexes on Friday after the release of disappointing quarterly results from key tech companies. Around 7 a.m. ET, Dow Jones Industrial Average futures implied a drop of more than 300 points at the open on Friday. Meanwhile, the S&P 500 and Nasdaq 100 futures also pointed to steep losses. The S&P 500 was also set to open more than 9 percent below its 52-week high, a 10 percent decline would mean it is officially in correction territory. One strategist said the move after-hours was driven by poorer-than-expected earnings from tech bellwethers Amazon and Google -parent company Alphabet . Their shares fell 9.2 percent and 5.9 percent, respectively, in the premarket. There were "high expectations" for this earnings season, King Lip, chief strategist at Baker Avenue Asset Management, told CNBC. &quo

Before The Bell Update: Dow futures point to 150-point gain at the open after strong Boeing earnings I CNBC

Image
cnbc.com Fred Imbert, Spriha Srivastava Patrick T. Fallon | Bloomberg | Getty Images Workers assemble Boeing 787 Dreamliners, the wide-body twin-engine jets made by Boeing Commercial Airplanes at the Boeing Everett Factory in Everett, Washington. U.S. stock index futures indicated a mixed start to the trading day amid a slew of corporate earnings reports. Around 8:05 a.m. ET, Dow Jones Industrial Average futures pointed to a gain of 150.57 points at the open. S&P 500 and Nasdaq 100 futures, however, indicated to a negative open. D

Before the Bell Update: Nasdaq set for big gain after strong Netflix earnings, broader may struggle at the open I CNBC

Image
cnbc.com Fred Imbert, Spriha Srivastava

Before the Bell Update: Dow futures jump 150 points after strong earnings from Goldman Sachs, Morgan Stanley I CNBC.

Image
cnbc.com Fred Imbert, Spriha Srivastava

Before The Bell Update: Dow futures turn positive, paring earlier losses as stocks try to recover from last week's steep drop I CNBC

cnbc.com Fred Imbert, Sam Meredith

Before the Bell Update: S&P 500 futures go positive as rates dive on weak inflation data I CNBC

Image
cnbc.com Fred Imbert, Alexandra Gibbs

Before the bell Update: Dow futures fall 100 points amid fears of rising rates I CNBC.

Image
cnbc.com Alexandra Gibbs

Before the bell update: US stock futures little changed ahead of jobs report I CNBC

Image
cnbc.com Alexandra Gibbs U.S. stock index futures were little changed on Friday as investors awaited the latest U.S. jobs data release. Around 7 a.m. ET, Dow Jones Industrial Average futures rose 4 points, indicating a gain of 13.52 points at the open. S&P 500 and Nasdaq 100 futures were also trading about flat. The U.S. government is scheduled to release the September jobs report at 8:30 a.m. ET. Economists polled by Refinitiv expect the U.S. economy to have added 185,000 jobs last month. Getty Images Traders work on the floor of the New York Stock Exchange The report comes after Wall Street experienced steep losses in the previous session as rising rates kept investors on edge. On Thursday, the yield on the 10-year Treasury note notched its highest level in over seven years , following positive economic data released this week. Comments from Federal Reserve Chair Jerome Powell also pushed yields higher. Powell on Wednesday said

Before the bell update: Dow set to rise 100 points ahead of jobs data I CNBC

Image
cnbc.com Alexandra Gibbs