Stock market today: Dow, S&P 500 futures rise as investors await retail data after rate-cut bets cool
Futures attached to the Dow Jones Industrial Average (YM=F) rose around 0.6%, with the index's first record since December in sight again. Futures attached to the benchmark S&P 500 (ES=F) rose 0.1%, and futures attached to the tech-heavy Nasdaq 100 (NQ=F) fell below the flatline.
Major Dow component UnitedHealth (UNH) stock soared on Friday before the bell after a regulatory filing showed Warren Buffett's Berkshire Hathaway (BRK-B, BRK-A) bought 5 million shares in the company.
Intel (INTC) shares also jumped premarket Friday on news that the US government is considering taking a stake in the company. President Trump met with Intel's CEO on Monday after calling on him to resign the previous week.
And Applied Materials (AMAT) stock sank 14% before the bell on Friday after the chip equipment maker issued weak fourth-quarter forecasts on sluggish China demand, fueling concerns over tariff-related risks.
Stocks wobbled on Thursday, ending a two-day rally sparked by investor confidence that an interest rate cut in September was nearly certain. Doubts about a significant cut at the Fed's next policy meeting crept in after July's Producer Price Index (PPI) came in hotter than expected.
On Friday, Wall Street will be watching the release of retail sales data. The results will offer clues as to whether Trump's tariffs are impacting consumer spending habits. The University of Michigan's consumer sentiment survey will also provide a glimpse of Americans' evolving views on the tariffs and the overall economy.
Investors want rate cut 'validation,' but the Fed's dilemma won't go away
Yahoo Finance's Hamza Shaban writes in today's Morning Brief:
Read more here.
Good morning. Here's what's happening today.
Economic data: Retail sales (July); Export prices (July); Industrial production (July); University of Michigan consumer sentiment (August preliminary)
Earnings: No notable earnings.
Here are some of the biggest stories you may have missed overnight and early this morning:
'Striking while the iron is hot'
Investors want rate cut 'validation,' but the Fed's dilemma remains
Applied Materials' shares sink on weak China demand, tariff risks
UnitedHealth jumps as Buffett's Berkshire buys 5M shares
BofA's Hartnett sees profit-taking in stocks after Jackson Hole
AI exacerbates tech divide with smaller stocks languishing
A trader's guide to the Alaska talks between Trump and Putin
China's economy slows in July on tariffs, weak property market
Applied Materials' shares sink on weak China demand, tariff risks
Shares in Applied Materials (AMAT) sank 14% before the bell on Friday after the chip equipment maker issued weak fourth-quarter forecasts on sluggish China demand, fueling concerns over tariff-related risks.
Reuters reports:
Read more here.
UnitedHealth stock soars as Buffett's Berkshire buys 5M shares
UnitedHealth Group stock rose 12% before the bell on Friday after Warren Buffett's Berkshire Hathaway (BRK-B, BRK-A) acquired 5 million shares in the company.
A regulatory filing showed the purchase on Thursday.
Reuters reports:
Read more here.
Investors want rate cut 'validation,' but the Fed's dilemma won't go away
Yahoo Finance's Hamza Shaban writes in today's Morning Brief:
Read more here.
Yahoo Finance's Hamza Shaban writes in today's Morning Brief:
Read more here.
Good morning. Here's what's happening today.
Economic data: Retail sales (July); Export prices (July); Industrial production (July); University of Michigan consumer sentiment (August preliminary)
Earnings: No notable earnings.
Here are some of the biggest stories you may have missed overnight and early this morning:
'Striking while the iron is hot'
Investors want rate cut 'validation,' but the Fed's dilemma remains
Applied Materials' shares sink on weak China demand, tariff risks
UnitedHealth jumps as Buffett's Berkshire buys 5M shares
BofA's Hartnett sees profit-taking in stocks after Jackson Hole
AI exacerbates tech divide with smaller stocks languishing
A trader's guide to the Alaska talks between Trump and Putin
China's economy slows in July on tariffs, weak property market
Economic data: Retail sales (July); Export prices (July); Industrial production (July); University of Michigan consumer sentiment (August preliminary)
Earnings: No notable earnings.
Here are some of the biggest stories you may have missed overnight and early this morning:
'Striking while the iron is hot'
Investors want rate cut 'validation,' but the Fed's dilemma remains
Applied Materials' shares sink on weak China demand, tariff risks
UnitedHealth jumps as Buffett's Berkshire buys 5M shares
BofA's Hartnett sees profit-taking in stocks after Jackson Hole
AI exacerbates tech divide with smaller stocks languishing
A trader's guide to the Alaska talks between Trump and Putin
China's economy slows in July on tariffs, weak property market
Applied Materials' shares sink on weak China demand, tariff risks
Shares in Applied Materials (AMAT) sank 14% before the bell on Friday after the chip equipment maker issued weak fourth-quarter forecasts on sluggish China demand, fueling concerns over tariff-related risks.
Reuters reports:
Read more here.
Shares in Applied Materials (AMAT) sank 14% before the bell on Friday after the chip equipment maker issued weak fourth-quarter forecasts on sluggish China demand, fueling concerns over tariff-related risks.
Reuters reports:
Read more here.
UnitedHealth stock soars as Buffett's Berkshire buys 5M shares
UnitedHealth Group stock rose 12% before the bell on Friday after Warren Buffett's Berkshire Hathaway (BRK-B, BRK-A) acquired 5 million shares in the company.
A regulatory filing showed the purchase on Thursday.
Reuters reports:
Read more here.
UnitedHealth Group stock rose 12% before the bell on Friday after Warren Buffett's Berkshire Hathaway (BRK-B, BRK-A) acquired 5 million shares in the company.
A regulatory filing showed the purchase on Thursday.
Reuters reports:
Read more here.
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