Latest news with #S&P500E-minis
Time of India
2 days ago
- Business
- Time of India
US Stock market today: S&P 500, Nasdaq, Dow Jones set to end week in positive manner
Wall Street's main indexes looked at a positive start on Friday as U.S. President Donald Trump's temporary pick for a Federal Reserve governor post fueled expectations of a more dovish central bank board. At 8:21 a.m. (ET), S&P 500 E-minis were up 12.5 points, or 0.2 per cent, Nasdaq 100 E-minis were up 34 points, or 0.14 per cent, and Dow E-minis were up 60 points, or 0.14 per cent. The Nasdaq ended at a record close, buoyed by tech names after signs they could sidestep new chip tariffs by building more in the United States. Both the S&P 500 and the Nasdaq were on track for their best week in over a month. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Apart from tech stocks, equities have ridden a sharp reset in rate expectations and a flurry of upbeat earnings. The CME FedWatch tool shows traders see a 90 per cent chance of the first rate cut of the year coming next month - and futures point to at least two cuts by year-end. On Thursday, the S&P 500 and the Dow ended lower, weighed down by a 14.1 per cent drop in Eli Lilly after results from a late-stage study on its experimental GLP-1 pill fell behind that of Novo Nordisk's. Live Events Meanwhile, U.S. tariffs on a bunch of trading partners took effect at midnight on Thursday. Tokyo's trade negotiator said Washington will amend a presidential executive order to remove overlapping tariffs on Japanese goods, terming it as oversight. In earnings-related moves, Trade Desk sank 31.7 per cent in premarket trading after the ad-tech firm reported a sharp slowdown in second-quarter revenue growth. Pinterest tumbled 12.7 per cent as the social media platform missed analysts' estimates for second-quarter profit. GoDaddy slipped 4.8 per cent after its second-quarter results failed to impress investors. Expedia surged 17 per cent after raising its annual forecast for gross bookings and revenue growth. FAQs Q1. How did US Stock Market behave on Thursday? A1. On Thursday, the S&P 500 and the Dow ended lower, weighed down by a 14.1 per cent drop in Eli Lilly after results from a late-stage study on its experimental GLP-1 pill fell behind that of Novo Nordisk's. Q2. Which are top three indexes of US Stock Market? A2. Top three indexes of US Stock Market are S&P 500, Dow Jones , and Nasdaq.
Yahoo
3 days ago
- Business
- Yahoo
Tech shares lift Wall St futures on tariff exemption hopes
By Nikhil Sharma and Pranav Kashyap (Reuters) -U.S. stock index futures rose on Thursday, signaling fresh momentum for Wall Street, on signs that major tech firms may sidestep President Donald Trump's latest chip import tariffs. Apple's shares climbed 2.9% in premarket trading, having risen 5.1% and led gains on Wall Street in the prior session, after Trump said the iPhone maker will invest an additional $100 billion in the U.S., bringing its total commitment to $600 billion over the next four years. Trump also announced a tariff of about 100% on imports of semiconductors but said it would not apply to companies that are manufacturing in the U.S. or have committed to do so. Shares of chipmakers including Nvidia, Advanced Micro Devices and Intel rose in the range of 0.9% to 2.2%. At 7:10 a.m. ET, S&P 500 E-minis were higher 39.75 points, or 0.62%, Nasdaq 100 E-minis were up 186.25 points, or 0.8%, and Dow E-minis were up 246 points, or 0.56%. Meanwhile, Eli Lilly plunged 12.3% after reporting data on its late-stage oral weight-loss drug. The drugmaker also raised its full-year profit forecast. Trump's higher tariffs of 10% to 50% on dozens of trading partners took effect on Thursday. Still, expectations of policy easing by the Federal Reserve - sparked by some disappointing economic data, particularly the July payrolls report - as well as optimism around AI spending by companies have kept markets near record highs. All eyes are on the initial jobless claims report, set for 8:30 a.m. ET, as investors look for fresh clues on the labor market after last week's disappointing payrolls data that triggered a dramatic repricing of the Federal Reserve easing path. Traders are now betting almost fully on a September rate cut, with at least two moves expected this year, CME FedWatch showed. "Equity markets continue to edge higher as Fed officials are sounding more dovish and global economic activity is resilient," said Elias Haddad, senior markets strategist at Brown Brothers Harriman. Investors are also watching for Trump's interim replacement for Fed Governor Adriana Kugler in the coming days, amid expectations that the nominee would be a policy dove who will likely favor bringing interest rates lower. Kugler's resignation leaves an opening at the seven-member Fed Board led by Chair Jerome Powell, who Trump has repeatedly criticized for not cutting borrowing costs. Powell's tenure is due to end in May 2025. Second-quarter earnings barrage continued at full throttle. DoorDash topped revenue estimates and forecasted a stronger-than-expected gross merchandise value for the current quarter. Its shares jumped 8.4%. Datadog jumped 10.4% after beating estimates for second-quarter results.
The Star
3 days ago
- Business
- The Star
Tech shares lift Wall St futures on tariff exemption hopes
US STOCK index futures rose on Thursday, pointing to fresh gains on Wall Street, on signs that major technology companies will avoid President Donald Trump's latest tariffs on chip imports. Apple's shares climbed 3.2% in premarket trading, having risen 5.1% and led gains on Wall Street in the prior session, after Trump said the iPhone maker will invest an additional $100 billion in the U.S., bringing its total commitment to $600 billion over the next four years. Trump also announced a tariff of about 100% on imports of semiconductors but said it would not apply to companies that are manufacturing in the U.S. or have committed to do so. Shares of chipmakers including Nvidia, Advanced Micro Devices and Intel rose in the range of 1.2% to 2.5%. At 06:16 a.m. ET, S&P 500 E-minis were up 53.75 points, or 0.84%, Nasdaq 100 E-minis were up 197 points, or 0.84%, and Dow E-minis were up 274 points, or 0.62%. The president's higher tariffs of 10% to 50% on dozens of trading partners took effect on Thursday. Still, expectations of policy easing by the Federal Reserve - sparked by some disappointing economic data, particularly the July payrolls report - as well as optimism around AI spending by companies have kept markets near record highs. Following the latest jobs data, traders have almost fully priced in a 25 basis point rate cut in September and expect at least two rate cuts this year, according to the CME Group's FedWatch tool. Weekly jobless claims data, due at 08:30 a.m. ET, could offer fresh clues on the health of the labor market and shift rate cut expectations. Investors are also watching for Trump's interim replacement for Fed Governor Adriana Kugler in the coming days, amid expectations that the nominee would be a policy dove who will likely favor bringing interest rates lower. Kugler's resignation leaves an opening at the seven-member Fed Board led by Chair Jerome Powell, who Trump has repeatedly criticized for not cutting borrowing costs. Powell's tenure is due to end in May 2025. Second-quarter earnings barrage continued at full throttle. DoorDash topped revenue estimates and forecasted a stronger-than-expected gross merchandise value for the current quarter. Its shares jumped 8.6%. Lyft's quarterly revenue miss took its stock down 2.3%, even as the ride-hailing firm gave an upbeat gross bookings forecast for the September quarter. - Reuters
Time of India
6 days ago
- Business
- Time of India
US stock market today prediction: S&P 500, Nasdaq, Dow Jones are set to open higher, all eyes on Tesla, aviation stocks. Check full list
Wall Street futures rebounded from last week's rout on Monday, as hopes for steeper Federal Reserve rate cuts surged after a surprisingly weak jobs report. At pre-market trading, U.S. S&P 500 E-minis were up 36.75 points, or 0.59 per cent, Nasdaq 100 E-minis were up 177.5 points, or 0.78 per cent, Dow E-minis were up 238 points, or 0.54 per cent. In premarket trading, Tesla rose 1.8 per cent after granting CEO Elon Musk 96 million shares worth about $29 billion. Productivity Tool Zero to Hero in Microsoft Excel: Complete Excel guide By Metla Sudha Sekhar View Program Finance Introduction to Technical Analysis & Candlestick Theory By Dinesh Nagpal View Program Finance Financial Literacy i e Lets Crack the Billionaire Code By CA Rahul Gupta View Program Digital Marketing Digital Marketing Masterclass by Neil Patel By Neil Patel View Program Finance Technical Analysis Demystified- A Complete Guide to Trading By Kunal Patel View Program Productivity Tool Excel Essentials to Expert: Your Complete Guide By Study at home View Program Artificial Intelligence AI For Business Professionals Batch 2 By Ansh Mehra View Program Investor sentiment soured further last week as new U.S. tariffs kicked in on dozens of trading partners and Trump signed executive orders slapping fresh import duties on countries like Canada, Brazil, India, and Taiwan despite their efforts to negotiate better terms. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Orthopedic Knee Surgeon: Suffering From Pain After Age 50? Do This Every Morning Wellnee Undo After a big week for Big Tech earnings, companies from various sectors including Palantir, Eli Lilly, and Disney will report this week. Of the 330 S&P 500 companies that have reported earnings as of Friday, 80.6 per cent have surpassed analyst expectations, the highest beat rate since the third quarter of 2023, according to data compiled by LSEG I/B/E/S. Live Events Among early movers, Joby Aviation rose 5.3 per cent after Bloomberg News reported that the company was exploring the acquisition of helicopter ride-share operator Blade Air Mobility . Blade Air's shares surged 16.4 per cent. Chemours rises after reaching an agreement with New Jersey to resolve all environmental claims. A dismal U.S. jobs report sent the S&P 500 tumbling to its steepest intraday loss in more than two months on Friday, with downward revisions for May and June compounding the blow. The bleak data did not just trigger the market selloff - it also sparked a dramatic rethink of the Fed's rate path. According to the CME FedWatch tool, traders now see an 85 per cent chance of a September rate cut, up from just over 63 per cent a week ago, as signs of a faltering labor market mount. By this year end, markets are betting on at least two quarter-point cuts, about 60 basis points - a prospect that helped steady Wall Street in the aftermath. The central bank's decision to keep rates unchanged last week drew immediate criticism from President Donald Trump, who has repeatedly threatened to fire Chair Jerome Powell, arguing that rates should be much lower than they are. Adding to the intrigue, the surprise resignation of Fed Governor Adriana Kugler has handed Trump an earlier-than-expected opportunity to reshape the central bank's leadership. FAQs Q1. What are top three indexes of US Stock Market ? A1. Top three indexes of the US Stock Market are Dow Jones , S&P 500, and Nasdaq. Q2. How are Tesla stocks performing? A2. In premarket trading, Tesla rose 1.8 per cent after granting CEO Elon Musk 96 million shares worth about $29 billion.
Yahoo
6 days ago
- Business
- Yahoo
Wall Street futures stabilize after bruising selloff
(Reuters) -Wall Street futures rose on Monday, stabilizing after a turbulent session as investors priced in deeper interest rate cuts by the Federal Reserve following a surprisingly soft jobs report last week. At 5:44 a.m. ET, Dow E-minis were up 294 points, or 0.67%, S&P 500 E-minis were up 43.5 points, or 0.69% and Nasdaq 100 E-minis were up 184.75 points, or 0.81%. Wall Street's main indexes tumbled on Friday, with the S&P 500 recording its largest daily percentage decline in over two months, as new U.S. tariffs on dozens of trading partners and a much weaker-than-expected July jobs report spurred selling pressure. The data, which also showed significant downward revisions to previous months, indicated a deteriorating labor market and firmed the possibility of a rate cut in September. According to the CME FedWatch tool, the odds for a September cut stand at about 80%, up from 63.1% a week ago. The central bank's decision to keep rates unchanged last week drew immediate criticism from Trump, who has repeatedly threatened to fire Chair Jerome Powell, arguing that rates should be much lower than they are. The Fed's strained relationship with the White House took a dramatic turn following the announcement of Governor Adriana Kugler's early resignation on Friday, signaling an abrupt shake-up in the Fed leadership. "It is expected that whoever Trump announces to replace the governor could then become the new Chair when current Chair Powell vacates his position next May," Kathleen Brooks, research director at XTB, said in a note. Sentiment also took a turn for the worse last week after an executive order signed by Trump imposed fresh import duties on trading partners, including Canada, Brazil, India and Taiwan, despite the countries' attempts to secure better deals. The tariffs are likely to stay in place rather than be cut as part of continuing negotiations, Trade Representative Jamieson Greer said in comments aired on Sunday. U.S. factory orders data for June is due at 10:00 a.m. ET. Tuesday's business activity report and Thursday's jobless claims figures are the only other key economic indicators in this data-light week. Atlanta Fed President Raphael Bostic will speak later in the week. After a big week for Big Tech earnings, companies from various sectors including Palantir, Eli Lilly, and Disney will report this week. Of the 330 S&P 500 companies that have reported earnings as of Friday, 80.6% have surpassed analyst expectations, the highest beat rate since the third quarter of 2023, according to data compiled by LSEG I/B/E/S. Among early movers, Joby Aviation rose 2.5% in premarket trading after Bloomberg News reported that the company was exploring the acquisition of helicopter ride-share operator Blade Air Mobility. Blade Air's shares surged 17.2%. Sign in to access your portfolio
