Latest news with #StockFutures
Wall Street Journal
17 hours ago
- Business
- Wall Street Journal
Stock Market Today: Dow Futures Inch Up, While Gold Prices Rally —Live Updates
Stock futures edged higher at the end of a week filled with tariff and geopolitical updates, plus a bevy of earnings. Bullion futures rallied after the Financial Times reported that the U.S. had imposed levies on imports of one-kilo gold bars.
Wall Street Journal
3 days ago
- Business
- Wall Street Journal
Stock Market Today: Dow, Treasury Yields Rise; Earnings, Trade Talks Eyed
Stock futures and Treasury yields are rising, as more big-name earnings roll in and investors eye the U.S.'s Thursday deadline for enacting tariffs on many countries. Secretary of State Marco Rubio is due to meet with Swiss President Karin Keller-Sutter at the State Department this morning. Keller-Sutter rushed to Washington Tuesday to try to head off the 39% levy due to hit Switzerland. Earnings are due from McDonald's, Uber and Disney, among others, on Wednesday. In recent trading: Stock futures gained. Treasury yields rose. Yields on the 10-year note pushed above 4.22%. Oil futures edged higher.
CNA
5 days ago
- Business
- CNA
Shares find support in Asia as lower rates priced in
SYDNEY :Share markets found some much needed support in Asia on Monday as the prospect of lower borrowing costs helped soothe concerns about the U.S. economy, though the long-term credibility of U.S. policy remained in doubt. A buy-the-dip mentality led to a bounce in Wall Street and European stock futures, and allowed the dollar to stabilise after Friday's payrolls-induced retreat. Treasuries ran into some profit-taking after their huge gains but fund futures still imply an 85 per cent chance the Federal Reserve will cut rates in September, and ease by 100 basis points or more by this time next year. The prospect of a shift in rates was the only silver lining to a dire payrolls report in which downward revisions left the three-month average of jobs growth at 35,000 from 231,000 at the start of the year. "The report brings payroll growth closer in line with big data indicators of job gains and the broader growth dataset, both of which have slowed significantly in recent months," said analysts at Goldman Sachs. "Taken together, the economic data confirm our view that the U.S. economy is growing at a below-potential pace." Neither did the reaction of President Donald Trump instil confidence, as the firing of the head of Labor Statistics threatened the credibility of U.S. economic data. Likewise, news that Trump would get to fill a governorship position at the Federal Reserve early added to worries about the politicisation of interest rate policy. Analysts assume the appointee will be loyal to Trump alone, though the president did grudgingly concede that Fed Chair Jerome Powell would probably see out his term. "It opens the prospect of broader support on the Fed Board for lower rates sooner rather than later," said Ray Attrill, head of FX research at NAB. "Fed credibility, and the veracity of the statistics on which they base their policy decisions, are both now under the spotlight." Markets have essentially already eased for the Fed, with two-year Treasury yields down almost 25 basis points on Friday in the biggest one-day drop since August last year. DOLLAR DENTED The drop in global yields seemed to help equities, with S&P 500 futures and Nasdaq futures both bouncing 0.4 per cent. EUROSTOXX 50 futures gained 0.6 per cent, while FTSE futures rose 0.5 per cent and DAX futures 0.4 per cent. MSCI's broadest index of Asia-Pacific shares outside Japan firmed 0.6 per cent, aided by a 0.8 per cent rally in South Korea stocks. Japan's Nikkei fell 1.6 per cent, in part weighed by Friday's rebound in the yen, while Chinese blue chips were flat. Wall Street has taken comfort in an upbeat results season. About two-thirds of the S&P 500 have reported and 63 per cent have beaten forecasts. Earnings growth is estimated at 9.8 per cent, up from 5.8 per cent at the start of July. Companies reporting this week include Disney, McDonald's, Caterpillar and some of the large pharmaceutical groups. The dismal U.S. jobs data did put a dent in the dollar's crown of exceptionalism, snuffing out what had been a promising rally for the currency. The dollar was a shade firmer at 147.69 yen, having shed an eye-watering 2.3 per cent on Friday, while the euro held steady at $1.1583 after bouncing 1.5 per cent on Friday. The dollar index was pinned at 98.727, having been toppled from last week's top of 100.250. Sterling was restrained at $1.3282 as markets are 87 per cent priced for the Bank of England to cut rates by a quarter point at a meeting on Thursday. The BoE board itself is expected to remain split on easing, while markets still favour two further cuts by the middle of next year. In commodity markets, gold was flat at $3,361 an ounce, having climbed more than 2 per cent on Friday. Oil prices extended their latest slide as OPEC+ agreed to another large rise in output for September, which completely reverses last year's cuts of 2.2 million barrels per day.
Yahoo
22-07-2025
- Business
- Yahoo
Morning Movers: Cleveland-Cliffs rallies after second quarter earnings release
Stock futures have inched higher, driven by optimism over potential U.S.-EU trade progress and the start of a busy earnings week featuring top tech names like Alphabet and Tesla. Elevate Your Investing Strategy: Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence. In commodities and bonds, yields eased slightly as investors embraced calming signals: Treasury yields dipped to 4.38% on the 10-year, the dollar weakened, and gold held steady amid easing tariff jitters. In pre-market trading, S&P 500 futures rose 0.19%, Nasdaq futures rose 0.18% and Dow futures rose 0.21% Check out this morning's top movers from around Wall Street, compiled by The Fly and subscribe to the pre-market Fly By on YouTube. HIGHER – Dynamix (DYNX) up 30% after The Ether Machine announced its public launch through a definitive business combination agreement between The Ether Reserve and the company Block (XYZ) up 9% after S&P 500 addition UP AFTER EARNINGS – Cleveland-Cliffs (CLF) up 4% Verizon (VZ) up 3% Domino's Pizza (DPZ) up 3% Roper Technologies (ROP) up 1% HBT Financial (HBT) up 1% LOWER – Evotec (EVO) down 12% after cutting its full-year revenue outlook Sarepta (SRPT) down 9% after reporting the FDA has placed a clinical hold on the company's investigational gene therapy clinical trials for limb girdle muscular dystrophy Stellantis (STLA) down 1% after reporting preliminary first half results and Q2 shipments 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 DYNX: Disclaimer & DisclosureReport an Issue The Ether Machine to go public through Dynamix business combination Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Wall Street Journal
14-07-2025
- Business
- Wall Street Journal
Stock Market Today: Dow Futures Fall After Trump's EU, Mexico Tariff Threats — Live Updates
Stock futures dropped early Monday after President Trump said over the weekend he would impose 30% tariffs on both the European Union and Mexico—two of the U.S.'s largest trading partners—effective Aug. 1. Trump said he would consider lowering the respective levies if the EU offers complete access to its markets, with no duties, and Mexico does more to combat drug cartels. The market nerves come after stocks hit fresh records last week, despite Trump's barrage of tariff threats. Stock indexes edged lower Friday, after Trump announced 35% levies on Canadian imports. But overall, investors have remained hopeful the president will dial back his threats or strike deals. Earnings season, which kicks off in earnest this week with bank results, will provide another test for market sentiment. Earnings are due from JPMorgan Chase, Wells Fargo and Citigroup in the coming days. Investors wish to know how trade turmoil is affecting businesses, and how consumers are withstanding tariff-related prices rises. Analysts forecast profits at S&P 500 companies rose 4.8% last quarter, according to FactSet, versus the 13% jump seen in the first quarter. In recent trading: Futures tied to the three main indexes fell around 0.5%. Bitcoin prices soared above $120,000. Treasury yields edged down. The 10-year yield settled Friday at 4.424%.
