U.S. stock-market futures edged higher Sunday evening in thin trading, as Wall Street equities looked to add to a rally toward records for the Nasdaq Composite that concluded trade last week on the back of improving economic data in the face of a viral outbreak. How are benchmarks faring? Futures …
Read More »Asia Markets: Asian shares rise after jobless data halts rally on Wall Street
Shares were mostly higher in Asia on Friday after U.S. unemployment data gave the S&P 500 its first loss in five days. Tokyo’s Nikkei 225 index NIK, +0.74% closed up 0.7% after opening lower. The Hang Seng HSI, +1.17% in Hong Kong rose 0.7%, India’s Sensex 1, +0.62% rose 0.4% …
Read More »Retail sales plummet, but home purchases on the rise
As states begin to reopen, home purchases are slowly beginning to regain steam. The latest data from the Mortgage Bankers Association shows that home purchases, while down compared to last year at this time, are up 11% week-over-week. Mortgage lenders, like Movement, are relying heavily on technological enhancements to allow …
Read More »Europe Markets: European stocks rise at the open on lockdown-lifting optimism
European stocks rose on Monday on optimism over lockdown restrictions being lifted across the globe. The German DAX DAX, +0.36% rose 0.3% and the U.K. FTSE 100 UKX, +0.76% , after a three-day break, rose 0.8%. Stocks hit hard during the crisis including Virgin Money UK VMUK, +8.45% and CINE, …
Read More »Futures Movers: Oil futures fall as concerns about storage capacity prevail despite a smaller-than-expected rise in U.S. crude supplies
Crude futures traded lower on Wednesday, with the U.S. benchmark contract at risk of snapping a five-session streak, pressured by concerns over tightening oil-storage capacity even as weekly crude inventories rose less than expected and domestic production declined. The build in weekly U.S. crude inventories reported by the Energy Information …
Read More »Stock market rally went too far, too fast — expect a decline before prices rise again
U.S. stocks have soared, but low trading volume suggests many investors got shaken out in March and have been sulking on the sidelines. As the chart below shows, trading volume for the SPDR S&P 500 Trust SPY, -2.23%, which tracks the benchmark S&P 500 Index SPX, -2.28%, rose during the …
Read More »Key Words: Trump touts ‘biggest stock market rise in history yesterday,’ but many investors believe worst isn’t over amid coronavirus panic
‘BIGGEST STOCK MARKET RISE IN HISTORY YESTERDAY!’ President Donald Trump That is Trump on Saturday morning, referencing the Friday surge by the Dow Jones Industrial Average DJIA, +9.36% , the S&P 500 index SPX, +9.29% and the Nasdaq Composite COMP, +9.35% , which constituted the major equity benchmarks’ biggest daily percentage …
Read More »Market Snapshot: A pause after the plunge? U.S. stock futures rise, suggesting Tuesday gains
Stocks on Wall Street plunged Monday, but futures trading suggests a rebound — or a least a respite — on Tuesday. Dow Jones Industrial Average futures YM00, +0.73% rose more than 200 points on Tuesday, while S&P 500 futures ES00, +0.84% gained 0.8% and Nasdaq Composite futures NQ00, +1.20% …
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