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Showing posts with the label Futures Indicator Update

Futures Indicator Update: S&P 500 futures cut losses, turn slightly higher on stimulus hopes

  Fred Imbert,Yun Li 5-6 minutes - Source: CNBC U.S. stock futures erased earlier losses and turned higher on Wednesday amid rising hopes for further fiscal stimulus. The market headed for its first negative month since March. Disney added to the negative sentiment after saying it would lay off 28,000 people in its theme parks division . The shares lost more than 2% in premarket trading. Dow Jones Industrial Average futures dipped 50 points, or 0.1%. The move indicated a slight gain of about 30 points at the open. S&P 500 futures fell 0.1%. Nasdaq 100 futures lost about 0.2%. Futures cut their losses after better-than-expected jobs data.  ADP’s monthly private-sector jobs count showed growth of 749,000 in September, ahead of the 600,000 expected from a Dow Jones economist survey. The S&P 500 is down 4.7% in September, on pace for its first monthly losses since March. The Nasdaq Composite is down 5.9% in September, while t

US Market | Futures Indicator Update: Dow futures drop more than 500 points to start the week as oil prices decline

Fred Imbert 4-5 minutes - Source: CNBC U.S. stock futures traded lower early Monday morning as investors weighed the latest coronavirus news along with a sharp decline in U.S. crude prices . The market was coming off its first back-to-back weekly gains in more than two months. Dow Jones Industrial Average futures  fell 531 points, pointing to a Monday opening drop of around 500 points. S&P 500  futures dropped 1.8 % while Nasdaq 100 futures  lost 1.2% Stock futures were following a decline in U.S. oil prices, which raise concerns about how deep the economic slowdown will be this quarter and also hit the prices of energy stocks. The May contract for  West Texas Intermediate , which expires on Tuesday, plunged more than 28% to $13.02 per barrel on weak demand outlook and storage capacity issues . The negative impact on stock futures from oil likely would have been worse were it not for lesser declines in oil contracts expiring during future months. WTI’s

US Market | Futures Indicator Update: Dow futures surge 900 points — hit 'limit up' — on optimism a coronavirus rescue bill is close

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Thomas Franck 4-5 minutes - Source: CNBC Futures contracts tied to the major U.S. stock indexes surged in early trading Tuesday on hopes an agreement on a stimulus bill to rescue the economy from the coronavirus was close. As of 6:24 a.m ET.,  Dow Jones Industrial Average futures jumped 930 points, or 5%, to hit so-called limit up levels.  S&P 500  futures and Nasdaq futures were also up 5% and “limit up.” The S&P 500 SPDR ETF was up 5.1% in premarket trading. Senator Charles Schumer and Treasury Secretary Mnuchin were close to a deal on a $2 trillion stimulus bill, according to reports , which cited a conference call Schumer had Monday evening with Democratic leaders. Negotiations on the bill were set to continue Tuesday morning. The futures contracts cannot trade once they exceed certain extreme bands, according to rules of the exchange to curb volatility. No activity can take place outside of those bands, in this cas

US Market | Futures Indicator Update: Dow futures drop 600 points, briefly hit 'limit down' as investors await a stimulus deal

Fred Imbert,Thomas Franck 6-7 minutes - Source: CNBC U.S. stock futures dropped sharply on Monday as Wall Street awaited Washington lawmakers to agree to an economic stimulus and rescue plan to cushion the blow from the coronavirus outbreak. As of 7:33 a.m. ET,  Dow Jones Industrial Average futures  dropped more than 600 points.  S&P 500  futures were off by about 3.3%.  Nasdaq 100  futures declined by 2.6%. The  SPDR S&P 500 ETF was off by 3% in premarket trading. Futures were well off their worst levels of the overnight session: Earlier, futures hit their "limit down" levels, falling 5%. Downside limits to futures contracts are implemented to ensure orderly market behavior once trading hits a certain threshold. No trades below that level are allowed. A fiscal stimulus bill failed a key procedural Senate vote  Sunday as Democrats warned the measure did not do enough to help impacted workers and instead offered

US Markets | Futures Indicator Update: Futures losses accelerate as Wall Street is in for another wild day, Dow set to drop 800 points

Silvia Amaro,Fred Imbert 3-4 minutes - Source: CNBC U.S. stock futures fell sharply on Wednesday as investors worried about a possible fiscal stimulus package aimed at curbing slower economic growth due to the coronavirus outbreak. Around 8:20 a.m. ET, Dow Jones Industrial Average futures indicated a loss of more than 800 points at the open. S&P 500 and Nasdaq 100 futures also pointed to steep losses. President Donald Trump suggested Tuesday a 0% payroll tax rate that could last until the end of the year. However, the timing of such policies being implemented remains uncertain. “We need to see meaningful support for economic activity and credit backstops especially for small businesses, not a targeted approach executed only by the executive branch,” Joe Kalish, chief global macro strategist at Ned Davis Research, said in a note. “We will likely need congressional involvement.  This is a potential solvency problem.” Trump’s

US Markets | Futures Indicator Update: Dow is set to drop nearly 600 points at the open following a roller-coaster week for stocks

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Eustance Huang 2-3 minutes - Source: CNBC U.S. stock futures were sharply lower Thursday morning, following a massive rally in the previous session. Dow Jones industrial average futures dropped about 450 points, indicating a loss of nearly 600 points at the open. S&P 500 and Nasdaq-100 futures were also both lower. The premarket moves came amid a roller-coaster week for stocks on Wall Street, which saw the 30-stock Dow swinging 1,000 points or higher two times within three days. Following a surge  on Wednesday, the three major averages stateside moved out of correction territory, meaning they are now less than 10% down from their 52-week highs. A series of factors have been driving investor sentiment, ranging from developments around the coronavirus outbreak that continued to spread globally to former Vice President Joe Biden’s major wins during Super Tuesday. Earlier in the week, the Federal Reserve also cut its benc

US Market | Futures Indicator Update: Update: Dow set to jump 700 points as Biden scores big wins on Super Tuesday

Thomas Franck 4-5 minutes - Source: CNBC U.S. stock index futures pointed to a sharply higher open on Wednesday as early results on Super Tuesday showed former Vice President Joe Biden notching key wins and reassuring investors of his place amid the top candidates in the Democratic pool. As of 7:35 a.m. ET on Wednesday, Dow Jones Industrial Average futures  were up 726 points and indicated a rise of 702 points at the open. S&P 500 and Nasdaq 100 futures also pointed to solid opening gains. Still, the implied open could change as markets remain volatile. Biden’s success early into Super Tuesday voting appeared to buoy U.S. equity futures as the former vice president notched a flurry of victories in key southern states including Virginia, North Carolina, and Arkansas. So far,  NBC News projects Biden’s delegate total at 453, ahead of Vermont Sen. Bernie Sanders’ total of 373. To win the nomination, a Democratic candidate must recei

US Market | Futures Indicator Update: Stock futures edge higher after strong Microsoft earnings

Fred Imbert, Silvia Amaro 2minutos - Source: CNBC U.S. stock index futures  traded slightly higher on Thursday after the release of better-than-expected earnings from tech giant Microsoft. Around 7:25 a.m. ET, Dow Jones Industrial Average futures indicated a gain of more than 45 points at the open. S&P 500 and Nasdaq 100 also pointed to slight gains. Microsoft reported earnings per share of $1.38 on revenue of $33.06 billion for the previous quarter. Analysts polled by Refinitiv expected a profit of $1.25 per share on revenue of $32.23 billion. Microsoft’s strong quarterly performance was driven in part by Azure, its cloud business, which saw revenues grow by 59% on a year-over-year basis . The stock rose about 1% in the premarket. “MSFT delivered strength across the board with no blemishes and importantly gave stronger than expected December quarter guidance which speaks to an inflection point in deal flow as more enterprises p

U.S.Market | Futures Indicator Update: Stock futures roll over, Dow set to drop 100 points after China retaliates with new tariffs

Fred Imbert, Sam Meredith 2-3 minutes - Source: CNBC U.S. stock index futures were higher Friday morning, as market participants awaited a key speech from the Federal Reserve ’s top official. At around 06:45 a.m. ET, Dow futures rose 47 points, indicating a positive open of about 31 points. Futures on the S&P and Nasdaq were both slightly higher. Futures fell from their highs on concern about possible China retaliation in the trade war. Overnight, China’s Ministry of Commerce said that the country has no choice but to take countermeasures. Later in the session, the editor in chief of China’s Global Times  tweeted that retaliatory tariffs were coming soon. But the market is largely focusing on the U.S. central bank’s annual Jackson Hole symposium, with Fed Chairman Jerome Powell expected to address an audience of policymakers and economists at 10:00 a.m. ET. Powell faces the tough challenge of presenting a unified voice on Fed p

Alert I Futures Indicator Update: Stock futures rise ahead of Jackson Hole summit

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Fred Imbert, Sam Meredith 2-3 minutes - Source: CNBC U.S. stock index futures  rose on Thursday as investors looked ahead to the start of a central banking summit in Jackson Hole, Wyoming. Around 8:10 a.m. ET, Dow  Jones Industrial Average futures traded 41 points higher, indicating a gain of 72 points at the open. S&P 500 and Nasdaq 100 futures also pointed to slight gains. The summit kicks off on Thursday. Philadelphia Fed President Patrick Harker and Dallas Fed President Robert Kaplan are both set to comment on the world’s largest economy later in the day. Kansas City Fed President Esther George told CNBC’s Steve Liesman that the Fed should not have cut interest rates last month, stating that “ it wasn’t required in my view . ” Treasury yields ticked up after her comments aired. The Fed cut interest rates by 25 basis points in July. Market expectations for another rate cut in September are at 93.5%, according to the CME G