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Showing posts with the label US Markets

US Markets | Futures Indicator: Dow futures slide more than 300 points as investors weigh coronavirus and oil outlook

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Fred Imbert 4minutes - Source: CNBC A man wearing a face mask takes a selfie at the Charging Bull statue on March 23, 2020 near the New Stock Exchange in New York City. Angela Weiss | AFP | Getty Images U.S. stock futures were lower on Monday morning after OPEC and other oil-producing countries reached a deal on a massive production cut, even as investors continued to digest the impact of the coronavirus . Dow Jones Industrial Average futures traded 339 points lower, pointing to a opening drop on Monday of around 331 points. S&P 500 and Nasdaq 100 futures also pointed to Monday opening declines for the two indexes. The group of countries known as OPEC+ agreed to cut production by 9.7 million barrels per day , making it the single-largest output reduction on record. President Donald Trump tweeted the accord will “will save hundreds of thousands of energy jobs in the United States,” adding it will be “great for all.”

US Market | Futures Indicator Update: Dow futures rise more than 100 points after Tuesday's wild ride

Fred Imbert, Maggie Fitzgerald 3minutes - Source: CNBC U.S. stock futures pointed to a slightly higher open on Wednesday amid hope that the number of new coronavirus cases is starting to decline. At around 7:35 a.m. ET, Dow Jones Industrial Average futures were 160 points higher, indicating an opening gain of 107 points. S&P 500 and Nasdaq 100 futures also pointed to a higher open. In the U.S., the number of daily increases in coronavirus cases has fallen since Friday, according to data from Johns Hopkins University. Daily increases in global cases have also fallen since then. “If the curve is bending, for the first time, some time-line is coming into focus for restarting at least parts of the economy,” said Jim Paulsen, chief investment strategist at the Leuthold Group. “This means investors can start to reduce their best guesses as to how long this recession will last and even if the recession is very deep, if its durat

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 Markets: Stocks have 'at least 10% to 15%' further to fall: Scaramucci

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Abigail Ng 2-3 minutes - CNBC Anthony Scaramucci, former director of communications for the White House and founder of SkyBridge Capital LLC, speaks during the Skybridge Alternatives (SALT) conference in Las Vegas, Nevada, U.S., on Wednesday, May 8, 2019. Joe Buglewicz | Bloomberg | Getty Images The Dow Jones Industrial Average is down 32.81% from the beginning of the year, while the S&P 500 index  has fallen 28.66% over the same period. “We’re in a protracted bear market,” said Scaramucci, who is founder and managing partner at investing firm SkyBridge. “I think there’s at least 10% to 15% more to go in equity prices here.” In the short term, however, he said he is optimistic because of the expectation that Congress will approve economic stimulus for the country. On Sunday evening, a huge funding package failed to get enough votes in a key Senate procedural vote. “I predict that they will get a deal done. They know

US Markets: Stock market live updates: Stocks to rebound, Regeneron speeds up drug, crazy futures trading

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Pippa Stevens, Maggie Fitzgerald 3-4 minutes - Source: CNBC Traders work during the opening bell at the New York Stock Exchange (NYSE) on March 16, 2020 at Wall Street in New York City. Johannes Eisele | AFP | Getty Images 7:31 am: Nordstrom says it will close US stores, suspends 2020 guidance Nordstrom said it will close 364 of its stores in an effort to curb the spread of the coronavirus. Due to the ongoing uncertainty surrounding the long-term impact of the virus, the retailer also suspended its 2020 earnings outlook. Nordstrom said it has experienced “a broad-based deceleration in customer demand over the past couple of weeks, particularly in markets most affected by the virus.” The stock has lost more than half its value this year, after shedding 58%. Shares were flat during Tuesday’s premarket trading. - Stevens, Thomas 7:14 am: Cramer says wild futures swings are ‘a total joke’ Stock futures have been on a wild rid

US Markets | Futures Indicator: Stock futures drop — hit 'limit down' — even as Fed slashes rates; S&P 500 ETF down 10%

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Fred Imbert, Silvia Amaro 5-6 minutos - Source: CNBC Stock futures were down sharply on Monday even after the Federal Reserve embarked on a massive monetary stimulus campaign to curb slower economic growth amid the coronavirus outbreak. Stock market futures hit “limit down” levels of 5% lower, a move made by the CME futures exchange to reduce panic in markets. No prices can trade below that threshold, only at higher prices than that down 5% limit. Dow Jones Industrial Average futures were off by more than 1,000 points, triggering the limit down level. S&P 500 and Nasdaq 100 futures were also at their downside limits. This led traders to look at the SPDR S&P 500 ETF Trust ( SPY ) — which tracks the S&P 500 — for a better indication of how the market will open. The SPY ETF plummeted 10% in the premarket, signaling that a “ circuit breaker ” will be triggered shortly after the regular session starts. ETFs that track th

US Markets | Futures Indicator Update: Stock futures tank, hit 'limit down' halt after Trump speech; Dow set to fall 1,100 points

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Fred Imbert,Thomas Franck 5-7 minutes - Source: CNBC Futures contracts tied to the major U.S. stock indexes dove early Thursday after an address from President Donald Trump failed to quell concerns over the possible economic slowdown from the coronavirus . Futures on the Dow Jones Industrial average, the S&P 500 and Nasdaq-100 all hit the so-called limit down threshold at one point, off by more than 5%, before paring those losses slightly.  At last count, the Dow futures were right at that threshold, which halts trading.  Dow futures  implied a loss of more than 1,100 points at the open.  S&P 500  and Nasdaq-100 futures were off by 4.8%. Exchanges halt trading of futures contracts if they drop by more than 5%, acting as a floor for selling until regular trading resumes at the opening bell at 9:30 a.m. ET. After stocks open in regular trading, the S&P 500 must drop by 7% before triggering the New York Stock Exchange’s

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: Dow futures point to an opening loss of 500 points after Tuesday's surge

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Silvia Amaro, Fred Imbert 2minutes Traders work at the New York Stock Exchange. Johannes Eisele | AFP | Getty Images U.S. stock futures fell sharply on Wednesday morning, pointing to another volatile session on Wall Street. As of 5:20 a.m. ET Wednesday, Dow Jones Industrial Average futures indicated a loss of more than 500 points at the open. S&P 500 and Nasdaq 100 futures also pointed to losses. The move down in futures comes after the major averages regained a chunk of their losses on Tuesday. The Dow rallied more than 1,100 points while the S&P 500 had its best one-day performance since Dec. 26, 2018. “Stocks posted impressive headline gains, but more strength needs to be seen beneath the surface to have confidence that the downside momentum in stocks has been broken,” Willie Delwiche, investment strategist at Baird, said in a note. “The weight of the evidence continues to argue for caution in the near term an

US Markets | Futures Indicator: Dow futures point to opening surge of more than 900 points after Trump floats payroll tax cut

Yun Li, Silvia Amaro 3-4 minutes - Source: CNBC Stock futures rallied early Tuesday morning after the S&P 500′s worst day since the financial crisis. Around 5 a.m. ET Tuesday, futures on the Dow Jones Industrial Average  indicated an opening surged of more than 900 points on Tuesday.  S&P 500 futures and Nasdaq-100 futures also pointed to a sharply higher open for the two indexes on Tuesday. Stock futures erased big losses and turned positive after President Donald Trump floated the idea of “ a payroll tax cut or relief” to offset the negative impact from the coronavirus. The potential tax incentives come on top of an $8.3 billion spending package Trump signed last month. The market suffered a historic sell-off in the previous session, with the Dow and the S&P 500 plunging 7.8% and 7.6, respectively, both posting their worst day since 2008. The Dow’s 2,013-point drop was also the biggest point drop for the 30-stock average

US Markets | Futures Indication Update: Dow set to tank 1,300 points, Treasury yields crater as oil crashes amid all-out price war

Yun Li, Eustance Huang 5-6 minutes - Source: CNBC Stock futures tumbled Monday morning as investors braced for the economic fallout from the spreading coronavirus , while a shocking all-out oil price war added to the anxiety. Futures on the Dow Jones Industrial Average  indicated an opening drop of more than 1,300 points. The S&P 500 futures indicated a 5% drop at Monday’s open. The S&P futures trading was briefly halted overnight. The sharp declines in the futures market signaled more turbulence ahead after a roller-coaster week that saw the S&P 500 swing up or down more than 2.5% for four days straight. The massive sell-off could trigger key market circuit breakers during regular trading hours. If the S&P 500 drops 7%, trading will pause for 15 minutes. The SPDR S&P 500 Trust ETF (SPY), the exchanged-traded fund tracking the S&P 500, pointed to a nearly 6% decline at the open. While Monday’s drop is pois

US Markets | Futures Indicator: Dow futures point to opening drop of 1,300 points, Treasury yields plunge amid oil price war

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Yun Li, Eustance Huang 4-5 minutes - Source: CNBC Traders work on the floor at the New York Stock Exchange (NYSE) in New York, U.S., March 2, 2020. Brendan McDermid | Reuters Stock futures tumbled early Monday morning as investors braced for the economic fallout from the spreading coronavirus, while a shocking all-out oil price war added to the anxiety. As of 5:10 a.m. ET Monday, futures on the Dow Jones Industrial Average  indicated an opening drop of more than 1,300 points. The S&P 500 futures and Nasdaq-100 futures also indicated significant losses at Monday’s open. The sharp declines in the futures market signaled more turbulence ahead after a roller-coaster week that saw the S&P 500 swing up or down more than 2.5% for four days straight. Amid the market turmoil, investors continued to seek safer assets amid additional fears that the coronavirus will disrupt global supply chains and tip the economy into a reces

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 Markets | Futures Indicator: Dow set to drop more than 300 points at the open following Wednesday's surge

Eustance Huang 2-3 minutes - Source: CNBC U.S. stock futures were lower Thursday morning, following a massive rally in the previous session. At around 3 a.m. ET,  Dow Jones Industrial Average futures slipped 216 points, indicating a negative open of more than 307 points. S&P 500 and Nasdaq-100 futures were both slightly lower. The pre-market 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 cu

US Markets | Futures Indicator: Dow futures point to more than 100 point opening drop amid volatile trading

Jesse Pound, Eustance Huang 4-5 minutes This is a developing story. Check back for updates. U.S. stock index futures were lower Tuesday morning, as investors sought to assess the potential economic fallout as a result of the fast-spreading coronavirus. The pre-market moves come after a roaring comeback rally in the previous session that saw the Dow  post its biggest percentage gain since March 2009. The index also recorded its largest-ever point surge on Monday. As of 2:30 a.m. ET, the Dow Jones industrial average rose 99 points, indicating a negative open of more than 125 points. Futures on the S&P 500 and Nasdaq-100  were both slightly lower. In a volatile session, Dow futures had jumped 150 points earlier. The sharp move downward came after a Reuters report that the Group of Seven industrial powers is expected to issue a statement Tuesday or Wednesday on countering the impact of the coronavirus outbreak. At present, that

US Markets | Futures Indicator: Dow futures up more than 500 points as global stocks rebound from market rout

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Fred Imbert, Eustance Huang 4-5 minutes - Source: CNBC Traders work on the floor at the New York Stock Exchange, January 14, 2020. Brendan McDermid | Reuters Stock futures recovered from an earlier tumble on Sunday night as investors shrugged off concerns around the coronavirus outbreak. As of 3 a.m. ET Monday,  Dow Jones Industrial Average futures  were up 510 points, pointing to an opening gain of 471.64 points for the index at Monday’s open. S&P 500 and Nasdaq 100 futures also pointed to gains at the open for the two indexes on Monday. Dow futures briefly fell more than 500 points earlier before recovering. The Dow, S&P 500 and Nasdaq Composite all fell more than 10% last week, their biggest weekly declines since October 2008. They also entered correction territory, down more than 10% from all-time highs notched earlier in February. Those declines came after a sharp increase in coronavirus cases outside of China.