The thought was that the pre-market stocks were lower because of the fear from Fed Powell’s panel discussion (or so it seems). When the comment came out that he would not talk to monetary policy/economy, the fear turned to covering. The indices started to recover before the open and now.
The Fed chairman is speaking today at 9 am ET and the market is cautious. US equities sold off late yesterday and have continued lower in the premarket with S&P 500 futures down 15 points. The US dollar has also turned higher in the past hour and is trading at.
German DAX futures -0.7% UK FTSE futures -0.5% US stocks began yesterday with a more optimistic note but fell off after, so we’re seeing some element of catching up from Europe today as well. S&P 500 futures are also looking more cautious, down 7 points, or 0.2%, at the moment..
The major US stock indices are closing mixed with declines in the Dow and S&P and a gain in the Nasdaq and the Russell 2000. All major indices are closing near the lows for the day: Dow fell -112.98 points or -0.34% at 33517.66 S&P fell -2.97 points or -0.08%.
Fed’s Bostic sees a likelihood services inflation will prove stickier than Fed would want Fed Daly: Expects the economy to continue to slow. That is what the Fed is trying to do. BOE’s Pill: Distinctive domestic factors could make UK inflation more persistent NY Fed survey: Year-ahead inflation expectations fall.
Dow Industrial Average has given up its gains and currently trades down -98 points or -0.3% at 33529 The S&P index is still up 5.7 points or 0.15% at 3900.77. The NASDAQ index is up 96.3 points or 0.91% at 10665.03, but both are well off highs (and getting close.
After rising by 2.56% on Friday, the NASDAQ index is up another 2.19% today. The index is currently trading at 10801 up 231.97 points or 2.19% on the day. The high price reached 10807.26 so far. Looking at the hourly chart, the high price tested its 200 hour moving average.
The major US indices all moved up over 2% on Friday on the back of the Goldilocks US jobs report. We are seeing follow-through buying in early trading today. A snapshot of the markets 10 minutes into the opening, is showing: Dow Industrial Average up 92.03 points or 0.27% at.
US December non-farm payrolls +223K vs +200K expected ISM December US services 49.6 vs 55.0 expected US factory orders for November -1.8% versus -0.8% estimate Canada December employment change 104.0K vs 8.0K estimate Fed’s Cook: Recent data suggest worker compensation is starting to decelerate Fed’s Bostic: Today’s jobs data does.
A strong start in US equities didn’t last 15 minutes as the S&P 500 gave back a 44 point gain. The Nasdaq is now also down 0.3% led by a 6% plunge in Tesla shares and ongoing pain for other megacap tech names. The moves have translated to a strengthening.
The major US indices are opening higher led by gains in the Dow Industrial Average and the S&P index. The NASDAQ index is lagging. Better wage data has helped the tone a bit, but levels are already lower in early trading. A snapshot of the market 10 minutes into the.
Yesterday’s losses in US equities have been nearly erased as the S&P 500 surged 44 points to 3876 at the open but that would be a short-term high as some selling has crept in over the past few minutes, halving the gains. The index continues to trade inside the recent.