Showing posts with the label Stocks Futures Indication.
Source: cnbc.com Stock futures decline again with the S&P 500 on the brink of a bear market Hannah Miao 4-5 minutes Stock futures were under pressure again on Thursday with the S&P 500 on the brink of a bear market. Investors continued to dump equities on fears Federal Reserve rate hikes to fight rapid inflation would tip the economy into a recession. S&P 500 futures dropped 0.8% a day after the benchmark closed at 3,923.68, or 18.6% below its intraday record reached in January. It also sits around 18% below its record closing level. A close of 20% or more below its all-time high would mark a bear market, its first since the March 2020 pandemic sell-off. Futures on the Dow Jones Industrial average fell 242 points, or 0.8% a day after it experienced the biggest one-day drop since 2020. Nasdaq 100 futures slipped 0.9%. “It’s a gloomy morning as stocks tumble pretty much everywhere on the planet.
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Source: cnbc.com Stock futures fall as S&P 500 tries to notch best week since November 2020 Tanaya Macheel, Yun Li 3 minutes Stock futures fell Friday following a three-day rally for the S&P 500 that put the equity benchmark on pace for its biggest weekly gain in more than a year. Futures on the Dow Jones Industrial Average fell 181 points. S&P 500 futures were down 0.7% along with Nasdaq 100 futures. Shares of FedEx fell more than 3% in premarket trading after the U.S. delivery firm posted a lower-than-expected quarterly profit amid labor shortages, while the pandemic also hurt its holiday revenue growth. GameStop saw its shares dropping about 7% in extended trading after the video game retailer reported an unexpected loss during the holiday quarter. The company said it will launch a new marketplace for non-fungible tokens, or NFTs, by the end of April. Friday’s moves come as traders conti
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cnbc.com Stock futures are positive as intensifying war in Ukraine pushes oil prices higher Tanaya Macheel 4-5 minutes Stock futures rose Wednesday morning as oil prices surged amid the intensifying conflict between Russia and Ukraine. Futures tied to the Dow Jones Industrial Average gained 233 points, or 0.7%, the same gain as S&P 500 and Nasdaq 100 futures. All three futures contracts had earlier traded in negative territory. The moves came as oil prices trekked upward . Both U.S. crude and international benchmark Brent crude futures rose about 4% each. West Texas Intermediate most recently traded at $107.50 and Brent was at $109.51, after trading at their highest levels in more than a decade. The move appeared to boost oil stocks, with Exxon and Chevron each rising about 2% in premarket trading. Some corporate news helped point the session in a positive direction. Shares of Ford popped 4.6% in premarket