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Showing posts with the label Futures Indicator

US Market | Futures Indicator: Dow closes more than 500 points lower as tech pressure mounts, Apple slides 4%

  Fred Imbert, Maggie Fitzgerald 3-4 minutes - Source: CNBC Stocks fell sharply on Wednesday , adding to September’s struggles, as tech shares took another leg lower and investors fretted over uncertainty around the coronavirus pandemic and further stimulus.  The Dow Jones Industrial Average closed 525.05 points lower, or 1.9%, at 26,763.13. Earlier in the session, the Dow was up 176 points. The S&P 500 slid 2.4% to 3,236.92 and the Nasdaq Composite pulled back by 3% to close at 10,632.99. “Investors are being whipsawed by conflicting COVID headlines and the growth vs. cyclical debate,” said Adam Crisafulli of Vital Knowledge in a note. “The result is sentiment souring on both growth and cyclical for the moment (which obviously means stocks are for sale broadly).” Shares of Amazon and Netflix dropped 4.1% and 4.2%, respectively, to lead Big Tech lower. Facebook slid 2.3%. Alphabet closed 3.5% lower. Apple ended the day do

US Market | Futures Indicator: Stock futures climb as investors await Fed meeting

  Maggie Fitzgerald 3-4 minutes Source: CNBC U.S. stock futures rose in early trading Wednesday as investors readied for comments from the Federal Reserve later in the day. Dow futures implied an opening gain of more than 100 points. S&P 500 and Nasdaq 100 futures were also higher. Better-than-expected earnings from FedEx and Adobe after the bell boosted sentiment. FedEx released a blowout quarter with earnings $2.18 per share above analyst estimates, fueled by the e-commerce boom. The shipping company rallied more than 9% in extended trading. Adobe jumped 2% after hours.  On Tuesday , the Dow closed up marginally, after gaining more than 200 points earlier in the session. Apple shares came off their highs following the technology giant’s new product event, dragging down the 30-stock average following its new product event. The S&P 500 climbed 0.5%, despite weakness in financials. Tuesday marked the third straight day of

US Market | Futures Indicator: U.S. stock futures climb, extending Monday's rally

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Jesse Pound 3 minutes - Source: CNBC People walk by the New York Stock Exchange (NYSE) near One World Trade Center, the Freedom Tower, in lower Manhattan during commemoration ceremonies for the September 11, 2001 terror attacks on September 11, 2020 in New York City. Spencer Platt | Getty Images U.S. stock futures ticked higher early Tuesday after the market kicked off the week with a broad-based rally.  Dow Jones Industrial Average futures pointed to an opening gain of about 160 points. Futures tied to the Nasdaq-100 and S&P 500 also both traded in positive territory. The move in futures follows a bounce-back session for Wall Street on Monday. Fresh off its worst week since March, the Nasdaq Composite led the way with a 1.9% gain as major tech stocks found their footing. The Dow and S&P 500 both gained more than 1% as well, with advancing stocks outnumbering declining ones nearly 5-to-1 on the New York Stock Exchange. 

US Market | Futures Indicator: Stock futures point to a rebound after S&P 500 snaps 7-day winning streak, Dow futures up 270

Maggie Fitzgerald 3-4 minutes - Source: CNBC U.S. stock futures rose and pointed to a rebound at the open on Wednesday after the S&P 500 closed lower for the first time in eight days. Dow futures were higher by 280 points, or 1%. S&P 500 futures added 0.8%. Nasdaq-100 futures were higher by 0.9%. The S&P 500 flirted with an all-time high on Tuesday before a late-day sell-off led by tech shares knocked the benchmark down. The S&P 500 is 1.8% from its February record. After the bell on Tuesday, President Donald Trump said the U.S. government will purchase 100 million doses of Moderna's experimental coronavirus vaccine, which is currently in late-stage human trials.  Vaccine hopes lifted shares of cruise lines and airlines in premarket trading Wednesday. Carnival and United shares each rose 2% in premarket trading. A return of risk appetite following encouraging economic numbers and hopes of new coronavirus reli

US Market | Futures Indicator: Stock futures fall after Nasdaq Composite notches new record

Thomas Franck 3minutes - Source: CNBC Futures contracts tied to the major U.S. stock indexes pointed to a slightly lower open on Wednesday, following a largely positive day on Wall Street  in the previous session. Dow Jones Industrial Average futures  dipped 251 points, suggesting an opening loss of about 255 points when regular trading resumes on Wednesday.  S&P 500  and Nasdaq-100 futures also pointed to a slightly lower start for the two indexes at the Wednesday open. On Tuesday, the  Dow  closed 131.14 points higher as Apple, UnitedHealth and Visa led the blue-chip index higher. The  S&P 500  gained 0.4% to end the day at 3,131.29. The  Nasdaq Composite , meanwhile, advanced 0.74% to 10,131.37, its 21st closing record for 2020. The Nasdaq’s gain on Tuesday also represented its eighth straight day of gains, its longest winning streak since December, when it advanced for 11 straight sessions.  Shares of consumer technology

US Market | Futures Indicator Update: Dow futures drop 300 points as comeback rally pauses, Airlines and other reopening plays decline

Fred Imbert,Thomas Franck 4-5 minutes - Source: CNBC Stock futures fell on Tuesday as investors took some money off the table following a relentless comeback rally that pushed the S&P 500 into positive territory for the year amid a recession from the coronavirus pandemic. Dow Jones Industrial Average futures  lost 306 points, or 1.1%. The move suggested an opening decline of 330 points.  S&P 500  futures lost 0.9%. Nasdaq-100 futures dropped 0.5%. The speculative trades that have led the latest leg of the market’s comeback on optimism about the reopening of the economy were lower in early trading Tuesday. United Airlines, Delta Air Lines each dropped more than 6% in premarket trading. Cruise lines Carnival and Royal Caribbean declined more than 5%. Retail-related trades Gap and Simon Property Group dropped as well. The moves early Tuesday followed sharp gains on Wall Street a day earlier, with the S&P 500 returning to pos

US Market | Futures Indicator: Stock futures little changed as investors assess economy reopening amid civil unrest

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Yun Li 3-4 minutes - Source: CNBC U.S. stock futures were little changed in early morning trading on Tuesday as investors grappled with civil unrest around the country as states try to reopen the economy from the coronavirus pandemic. Futures on the  Dow Jones Industrial Average  traded 41 points lower, implying a Tuesday opening decline of around 25 points. S&P 500  and  Nasdaq  100 also pointed to a largely flat Tuesday start for the two indexes. In a last-minute address from the White House Monday evening, President Donald Trump said he will deploy the military if states and cities failed to quell the demonstrations. Futures fell as Trump spoke. “I am mobilizing all federal and local resources, civilian and military, to protect the rights of law abiding Americans,” Trump said. “If a city or state refuses to take the actions necessary to defend the life and property of their residents, then I will deploy the United States milit

US Market | Futures Indicator: Dow futures point to opening drop of more than 200 points

Yun Li 3-4 minutes - Source: CNBC Stock futures pointed to losses in early morning trading Tuesday as oil prices remained under pressure following an unprecedented wipeout  a day earlier. Futures on the Dow Jones Industrial Average fell 227 points, implying an opening drop of about 278 points. S&P 500 futures and Nasdaq futures also pointed to lower Tuesday opens for the indexes. Earlier in the session, Dow futures had briefly pointed to an opening decline of about 350 points. The more actively-traded June oil contract shed earlier gains and fell about 1%. The May contract, which triggered Monday’s stock sell-off with a bizarre move below zero into negative prices, also shed earlier gains and returned to negative territory. IBM  slipped 3.08% in extended trading after the company reported a 3.4% decline in revenue in the first quarter  from a year ago amid the spread of coronavirus. Coca-Cola , Netflix and Chipotle are on deck to

US Market | Futures Indicator: Stock futures point to Thursday opening bounce on Wall Street after second quarter's rocky start

Pippa Stevens 4-5 minutes - Source: CNBC U.S. stock futures rose in early morning trade on Thursday and pointed to gains at the day’s open, as markets try to rebound after kicking off the second quarter in the red. Dow futures rose 398 points, indicating a gain of about 331 points at the open on Thursday. The S&P 500 and Nasdaq Composite were also set to open modestly higher. Stocks posted steep losses on Wednesday to begin the second quarter, as the coronavirus outbreak continues to wreak havoc on global markets. The Dow Jones Industrial Average closed 4.4%, or 973.65 points, lower at 20,943.51. The S&P 500 and Nasdaq Composite also closed 4.4% lower, at 2,470.50 and 7,360.58, respectively. Stock losses accelerated minutes before the close, although the major averages did manage to end the session off the lows of the day. The Dow briefly fell more than 1,100 points. The utilities, real estate and financials sectors dr

US Market | Futures Indicator: Stock futures positive again in choppy trade, building on market's rebound from massive coronavirus sell-off

Yun Li 3-4 minutes - Source: CNBC Stock futures were positive in choppy trading early Tuesday morning, following the market's rebound from its deep rout triggered by the coronavirus pandemic. At 4:35 a.m. ET, futures on the Dow Jones Industrial Average  were 162 points higher, pointing to an implied opening rise of more than 136 points at Tuesday's open.  S&P 500 futures and Nasdaq-100 futures also pointed to opening gains for the two indexes. Earlier, futures had pointed to opening losses for the three indexes. The overnight action followed a strong session on Wall Street, with the Dow jumping nearly 700 points led by an 8% pop in Johnson & Johnson after it announced a vaccine candidate for the coronavirus . The S&P 500 rallied 3.4%. Investors embraced a more realistic government approach to contain the pandemic. President Donald Trump  extended the timeline for social distancing guidelines to April 30 , which

US Market | Futures Indicator: Futures return to negative territory as investors brace for another volatile week

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Fred Imbert 4-5 minutos - Source: CNBC A person wearing a face mask walks along Wall Street after further cases of coronavirus were confirmed in New York, March 6, 2020. Andrew Kelly | Reuters U.S. stock futures shed gains to fall back into negative territory early Monday morning in volatile trading after last week’s sharp gains, even as the number of coronavirus cases in the U.S. continues to rise at an alarming rate. At around 3:19 a.m. ET,  Dow Jones Industrial Average futures  were down 89 points, pointing to an implied fall of about 161.78 points at the Monday open. S&P 500 futures  and  Nasdaq 100 futures  also pointed to a lower open for the two indexes on Monday. The moves came as crude prices fell sharply. Earlier, futures made a recovery to point to Monday opening gains. The Dow last week posted its biggest weekly gain since 1938, surging more than 12%. The S&P 500 and Nasdaq are coming off their best wee

US Market | Futures Indicator: Dow futures point to 500 point drop at the open following a massive 3-day rally

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Fred Imbert 3-4 minutes - Source: CNBC People walk by the New York Stock Exchange (NYSE) on March 09, 2020 in New York City. Spencer Platt | Getty Images U.S. stock futures were pointing lower Friday following a sharp rally sparked by increasing expectations of massive fiscal stimulus while investors shook off grim unemployment data. Around 6 a.m. ET Friday, Dow Jones Industrial Average futures implied an opening drop of more than 500 points. S&P 500 and Nasdaq 100 futures also pointed to declines at the open. Dow futures briefly traded more than 100 points higher shortly after the 6 p.m. open . The Dow rallied more than 1,300 earlier on Thursday, or 6.4%, to cap off its biggest three-day gain since 1931. The 30-stock average is now up more than 20% over the past three sessions. The S&P 500 also rallied more than 6% and is now up over 20% since Monday’s close as well. Stocks got a boost after the Senate passed a

US Market | Futures Indicator: Dow futures set to drop 300 points at the open ahead of unemployment report

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Pippa Stevens, Eustance Huang 4-6 minutes - Source: CNBC U.S. stock futures fell early Thursday morning trading as investors looked ahead to the national weekly initial jobless claims data expected later in the day. Dow futures indicated an opening drop of more than 300 points at Thursday’s open. S&P 500 futures and Nasdaq-100 futures also pointed to opening losses. The moves came after the Senate unanimously approved a $2 trillion economic relief package  late Wednesday, which aims to cushion the blow from the coronavirus outbreak. The stimulus bill now heads to the House, which will push to pass it by voice vote Friday morning as most representatives are out of Washington. The Senate rushed to pass the bill as data is expected to show a massive spike in unemployment claims after businesses shuttered to try to slow the outbreak’s spread. National weekly initial jobless claims data are expected to be out around 8:30 a.m. E

US Market | Futures Indicator: Stock futures turn negative even after White House, Senate reach deal on coronavirus stimulus bill

Fred Imbert, Yun Li, Eustance Huang 3-4 minutes - Source: CNBC Stock futures turned negative in early Wednesday morning trading, following Tuesday’s historic rally, despite the White House and Senate reaching a deal on a coronavirus stimulus bill . Around 7 a.m. ET, futures on the Dow Jones Industrial Average were down 127 points, or 0.6%. S&P 500 and Nasdaq 100 futures were down 0.9% and 0.8%, respectively. Dow futures were up more than 800 points at one point in the overnight session. The moves came after the White House and Senate leaders agreed on a massive $2 trillion coronavirus stimulus bill. “At last we have a deal,” Republican Senate Majority Leader Mitch McConnell said around 1:37 a.m. ET from the floor of the Senate. “In effect, this is a war-time level of investment into our nation.” Democratic Senate Minority Leader Chuck Schumer said, “This is not a moment of celebration but one of necessity.” Ahead of the news, D

US Markets | Futures Indicator: Dow futures rise nearly 900 points as Senate haggles over virus bill

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Thomas Franck 3-4 minutos  - Source: CNBC Commuters move past the U.S. Capitol Dome during the first evening of President Donald Trump’s impeachment trial January 21, 2020 in Washington, DC. Senators are expected to vote on the rules for the impeachment trial, which is expected to last three to five weeks. Chip Somodevilla | Getty Images Futures contracts tied to the major U.S. stock indexes posted a solid rise in early Tuesday morning trade. As of 5:15 a.m ET.,  Dow Jones Industrial Average futures implied an opening gain of nearly 900 points.  S&P 500 and Nasdaq futures also pointed to opening gains. The overnight moves followed yet another stormy day on Wall Street on Wednesday as investors swung back to pessimism and pushed the major indexes to new multiyear lows. The Dow dropped 582.05 points, or 3%, on Monday and remained on pace to clinch its worst calendar month since 1931. The  S&P 500  dropped 2.9% to

US Market | Futures Indicator: Dow futures drop more than 700 points, briefly hit 'limit down' as investors await a stimulus agreement

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Fred Imbert 6-7 minutes - Source: CNBC Traders, some in medical masks, work on the floor of the New York Stock Exchange (NYSE) on March 20, 2020 in New York City. Trading on the floor will temporarily become fully electronic starting on Monday to protect employees from spreading the coronavirus. The Dow fell over 500 points on Friday as investors continue to show concerns over COVID-19. Spencer Platt | Getty Images U.S. stock futures plunged again early Monday morning as Wall Street waits on Washington to agree to an economic stimulus and rescue plan to cushion blow from the coronavirus outbreak. As of 5:00 a.m. ET,  Dow Jones Industrial Average futures  fell more than 700 points, pointing to a Monday opening loss of around 710 points.  S&P 500  and  Nasdaq-100  futures also pointed to losses at the Monday open. Earlier in the session, futures hit their “limit down” levels, falling 5%. Downside limits to futures contrac

US Market | Futures Indicator: Stock futures point to more losses a day after the Dow closed below 20,000 for first time since 2017

Fred Imbert, Thomas Franck 5-6 minutes - Source: CNBC Futures contracts tied to the major U.S. stock indexes pointed to more losses at the open Thursday, building on the previous session’s steep losses as the coronavirus crisis rages on. As of 7:58 a.m. ET,  Dow Jones Industrial Average  futures were down more than 500 points, implying an opening loss of more than 400 points.  S&P 500  and  Nasdaq 100 futures also fell. “Markets are clearly in a state of panic and forced liquidations – but risks remain skewed to the upside and this should become much more apparent once some of the solvency issues are addressed,” Adam Crisafulli, founder of Vital Knowledge, said in a note. Traders also looked ahead to the release of weekly jobless claims at 8:30 a.m. to assess some of the economic damage from the coronavirus on the U.S. economy . The moves followed yet another violent day on Wall Street on Wednesday as investors swung back to p

US Market | Futures Indicator: Stock futures drop, hit 'limit down' halt, amid unprecedented volatility from coronavirus crisis

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Yun Li 5-6 minutes - Source: CNBC Stock futures pointed to big losses on Wednesday as the markets remained highly volatile with the government response to the coronavirus fallout still unfolding. A violent reversal in Treasury yields in response to a potential $1 trillion stimulus package helped to unnerve investors. Around 6:42 a.m. ET, futures on the Dow Jones Industrial Average indicated a more than 1,000-point loss at Wednesday’s open. S&P 500  and Nasdaq-100 futures were also down. Futures contracts for the indices were in “ limit down ” territory, a situation where trading is halted after futures have hit a 5% loss and can go no lower. The S&P 500 gained 6% on Tuesday. Exchange-traded funds that track the indexes are not subject to limit-down restrictions, however, and suggested what the open would look like. The  SPDR S&P 500 ETF was down 6% in premarket trading, the  SPDR Dow Jones Industrial Average ETF was