Stock futures rose slightly as investors reacted to Apple’s earnings report, which exceeded expectations despite disappointing iPhone sales. The Nasdaq 100 futures gained 0.2%, while the S&P 500 and Dow also saw modest increases. Attention now shifts to upcoming inflation data and continued earnings reports, with a significant portion of S&P 500 companies having surpassed analyst forecasts this quarter.
read moreJay Hatfield
0 posts last weekDow Jones Industrial Average experiences longest losing streak since 1974
The Dow Jones Industrial Average plummeted over 1,100 points, marking its longest losing streak since 1974, as the Federal Reserve forecasted only two interest rate cuts in 2025, contrary to earlier expectations. This “hawkish cut” led to a sharp decline in stocks and bonds, with the S&P 500 and Nasdaq also falling significantly. Despite the downturn, the Dow remains up 14% for the year, buoyed by earlier market optimism.
read moreOctober historically signals stock market rallies despite summer downturns
October is historically a strong month for stock market rallies, with 19 of 61 significant surges since World War II beginning then. Despite recent economic concerns, key fundamentals remain robust, suggesting a potential rebound through the end of the year, supported by seasonal trends and positive job growth indicators. However, some analysts warn of a cooling job market that could signal an impending recession.
read moreStock Market Experts Offer Diverging Views on Market Outlook
Renowned investors Bill Gross and Warren Buffett have expressed bearish views on the stock market, with Gross advising against buying the dip and Buffett’s significant stock sales hinting at a potential downturn. While some on Wall Street remain optimistic, others see Buffett’s actions as a sell signal and a move to brace for a weaker economic climate. The market’s future trajectory remains uncertain as conflicting perspectives emerge.
read moreStock Futures Rise as Corporate Earnings Exceed Expectations
S&P 500 and Nasdaq 100 futures rose, with Tesla climbing 11% in extended trading after announcing a push into more affordable electric vehicle models. Visa also jumped 2.5% on a stronger-than-expected report. The market saw a second winning day, with a focus on upcoming earnings reports from Boeing, Hasbro, Meta Platforms, Ford, Chipotle, and IBM, as well as economic data on durable goods.
read moreGlobal Equity Index Rises Slightly as U.S. Bond Yields Hit High
Global equity index rose slightly, while Wall Street stocks were muted as U.S. bond yields hit their highest levels since late November. Dollar index slid as investors focused on U.S. inflation data due later this week. Oil prices fell on renewed push for Middle East ceasefire. Stronger-than-expected U.S. jobs report tempered bets on Federal Reserve rate cut in June. Earnings season and U.S. consumer price index report were in focus. Trading volume on Wall Street was quiet as millions witnessed a rare solar eclipse. U.S. Treasury yields moved higher as fixed income investors lowered their expectations for Fed interest rate cuts. In currencies, the dollar index fell, and gold prices hit a record high for a seventh straight session.
read moreGlobal Markets Monitor: Corporate Earnings, Interest Rates, and Tech Stocks Outlook
European markets are set for a higher open as investors focus on corporate earnings and interest rate prospects. The S&P 500 hit a record high, with expectations of further growth in 2024, while tech stocks continue to attract investor interest. Major Asia-Pacific markets were closed for the Lunar New Year, and the U.S. consumer price index will be released on Tuesday.
read moreU.S. Stock Futures Open Slightly Lower Ahead of Key Economic Data
U.S. stock futures opened slightly lower, with key economic data and earnings releases expected this week. The S&P 500 closed above 5,000 for the first time, while the Nasdaq Composite added 1.25%. Earnings reports from gig economy stocks like Lyft, Instacart, and DoorDash, as well as key economic data including the consumer price index and retail sales, are anticipated.
read more