U.S. stock futures rose early Wednesday following a session defined by major weakness in technology stocks. Dow futures added 101 points. S&P 500 futures gained 0.29% and Nasdaq 100 futures rose 0.2%. In after-hours trading, Activision Blizzard rose nearly 6%, T-Mobile popped 2.8% and ride-hailing company Lyft gained 7% after better-than-expected earnings reports. On Tuesday, […]
Stocks were mostly lower on Tuesday, with technology stocks leading the way lower as investors digested commentary from Treasury Secretary Janet Yellen around the possibility of higher interest rates. The S&P 500 pared losses after dropping more than 1% at session lows, with the index trading off its all-time highs. The Dow turned slightly positive […]
Price targets and economic forecasts fall behind Readers of the Morning Brief know investor expectations were high ahead of earnings season, that companies have topped expectations at a record rate, and that the economy is firing on all cylinders. And these events have pushed Wall Street strategists back into another theme we’ve written about in this space for the […]
Oil prices rose for a third day on Wednesday after industry data indicated U.S. crude inventories fell much more than expected last week, reinforcing bullish views on fuel demand in the world’s largest economy. U.S. West Texas Intermediate (WTI) crude futures rose 43 cents, or 0.7%, to $66.12 a barrel at 0704 GMT. Prices climbed […]
The stock market was mixed on Monday, with different parts of the market reacting in varying ways to prevailing trends on Wall Street. The Dow Jones Industrial Average (DJINDICES:^DJI) saw substantial gains, and the S&P 500 (SNPINDEX:^GSPC) managed to post a more modest advance. However, the Nasdaq Composite (NASDAQINDEX:^IXIC) gave up ground. Many stock investors […]
Chase Weldon spent weeks researching new SUVs to get for his family. To his surprise, he spent even longer attempting to purchase one. Dealer lots were scarce and salespeople, who can sometimes be overly aggressive, weren’t calling him back. “I was working with some dealerships across the country,” said the 44-year-old Colorado resident. “I reached […]
The S&P 500 and the Dow indexes ended higher on Monday amid a largely upbeat earnings season, while the Nasdaq came under pressure from declines in some high-flying growth stocks, as the rotation into cyclical and “economy reopening” stocks continued. Economy-sensitive cyclical S&P 500 sectors such as consumer staples, energy, and materials outperformed sectors housing […]
Asia’s share markets were mostly higher Tuesday as regional equity investors looked to signs of recovery from the coronavirus pandemic as major economies around the world reopen. MSCI’s broadest index of Asia-Pacific shares outside Japan (.MIAPJ0000PUS) was up by 0.05% on the back of a positive lead from Wall Street overnight. Hong Kong’s Hang Seng […]
U.S. companies are leaping above expectations on first-quarter earnings, giving investors stronger confirmation that profit growth will be able to support the market this year. A big piece of that growth is coming once again from technology and growth companies, which suggests greater durability in companies that underperformed more economically focused value names for months. […]
This week, another tanker has arrived at the Krk LNG Terminal. The 63kt cargo delivered to that installation became just the fifth one since January, but even that quantity is enough to provide a good understanding of how the global LNG market evolved during the first four months of 2021 The Croatian FSRU became operational […]
Albert Einstein reckoned the only reason we have time is so that everything doesn’t happen at once. If he was around today, he may have been forced into a rethink. Last year we saw one of the sharpest falls in financial markets ever, followed by one of the quickest recoveries. Despite the globe still in […]
Bitcoin slipped a bit on Sunday, stalling around $56,780 as it continued to try to climb back up, after falling hard in late April. Ethereum, another cryptocurrency, meanwhile surged higher, getting closer to reaching $3,000. By Sunday evening, Bitcoin was still a ways off from the cryptocurrency’s April high when it punched past $64,000. But […]
