Latest news with #EquityFutures
Bloomberg
7 days ago
- Business
- Bloomberg
Asian Markets Face Soft Start as US Rally Fades: Markets Wrap
Asian markets were set to decline in early trading Friday as curbed market optimism was driven by a slowing US economy and legal uncertainties around President Donald Trump's trade war. US equity futures slipped after the S&P 500 Index pared most of an advance that earlier approached 1%. Contracts for Australia, Japan and Hong Kong pointed to a loss when cash markets reopen Friday. The dollar was mixed in early trading against major currencies.
Yahoo
22-05-2025
- Business
- Yahoo
Closing Bell Movers: Snowflake jumps 7% on earnings
In the opening hour of the evening session, U.S. equity futures are down modestly, extending Wednesday's broader declines. S&P 500 is down 0.1% at 5,855, Nasdaq 100 is off by 0.1% at 21,139, and Dow Industrials are slipping 0.2% below 41,900 level. In commodities, WTI Crude Oil is down 0.4% at $61.31 as rumors of escalation in the Middle East are replaced by worries over global growth, while Gold is up another 0.2% at $3,321 per ounce. Easily unpack a company's performance with TipRanks' new KPI Data for smart investment decisions Receive undervalued, market resilient stocks right to your inbox with TipRanks' Smart Value Newsletter Fiscal debt and deficit worries amid Congressional budget deliberations took center stage in U.S. hours today, punctuated by weak demand in the 20-year U.S. Treasury auction mid-day. The yield on the 10-year rose to three-month highs of 4.6% and that of the 30-year eclipsed the 5% threshold. Stocks were likewise spooked by the Treasury selloff as higher rates contributed to Real Estate being the worst performing sector on the S&P 500, followed by Health Care and Financials. Communication Services sector outperformed however thanks to strength in shares of Alphabet. Check out this evening's top movers from around Wall Street, compiled by The Fly. HIGHER AFTER EARNINGS – Urban Outfitters (URBN) up 14.3% LiveRamp Holdings (RAMP) up 7.3% Snowflake (SNOW) up 6.9% American Superconductor (AMSC) up 4.2% Domo (DOMO) up 3.5% Zoom Communications (ZM) up 0.3% ALSO HIGHER – Lumen Technologies (LUMN) up 11.0% after selling its Mass Markets fiber business to AT&T for $5.75B Pitney Bowes (PBI) up 9.9% after naming new CEO, announcing strategic actions DOWN AFTER EARNINGS – EnerSys (ENS) down 2.9% ALSO LOWER – Eastman Kodak (KODK) down 4.1% after equity offering Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>> See Insiders' Hot Stocks on TipRanks >> Read More on URBN: Disclaimer & DisclosureReport an Issue Urban Outfitters reports Q1 EPS $1.16, consensus 83c Urban Outfitters options imply 8.6% move in share price post-earnings Gap price target raised to $29 from $26 at Jefferies Urban Outfitters price target raised to $46 from $42 at Jefferies Urban Outfitters price target raised to $73 from $59 at Barclays
Bloomberg
19-05-2025
- Business
- Bloomberg
Moody's Gives Fresh Impetus to Bond Vigilantes and Stock Bears
The Moody's downgrade of the US is a powerful symbol of the ongoing deterioration of the nation's finances, and the market reaction is a reminder that the bond vigilantes have the US in their crosshairs. Bond investors are selling longer-dated bonds, pushing the yield on the 30-year above 5% to the highest since November 2023. The impact spilled over to other asset classes too, sending US equity-index futures lower and a gauge of the dollar sliding 0.5%, a reminder of the 'Sell America' trade that exploded last month.
