Just before the markets closed on Friday, major indexes turned up to secure a series of weekly gains. The S&P 500 and the Nasdaq saw their fifth straight week of gains, the Dow seeing its third. Although momentum and bullish market sentiments have driven new investment flows into the usual places, Trump-charged stocks like financials […]
Although major US indexes closed at record levels on Tuesday, trading today has been struggling to keep up. Investors are largely waiting on minutes from a recent FOMC meeting to be released, looking to comments from other members for more context around Fed thinking. Oil prices have also recessed, having an impact on trading. The […]
Stock futures are up Monday as investors look toward a data-heavy week from the retail sector. On top of economic reports, comments from the most recent FOMC meeting will be released this week as well. U.S stock exchanges are closed for President’s Day, and U.S stock futures closed trading at noon Eastern Time, reopening […]
Major indexes are poised to continue a positive streak today, following an announcement from President Donald Trump that a “massive” tax plan is forthcoming in the “not-too-distant future.” Investors and analysts had become somewhat apprehensive of market valuations when details around fiscal policy had been lacking. Some though valuations may be overstretched, and had concerns […]
Stocks are on the rise today, following a round of positive earnings reports and speculation around U.S tax cuts under the new administration. Driving this speculation is the expected confirmation of Steven Mnuchin as the new Treasury secretary. Aside from political news and economic data, an expected Fed rate hike in March has revived bullish […]
Main indexes are trading lower as uncertainty grows around the dynamic between increased U.S crude production and the OPEC deal for global production caps. Although stocks are trading lower today, West Texas Intermediate for March delivery has made positive corrections despite the news. A board split at the International Monetary Fund (IMF) has raised concerns […]
In the absence of upcoming reports and economic data, investors are turning to signals from the U.S political scene. President Trump is expected to submit a preliminary budget proposal soon, which is technically required for the first Monday of February. The process can be delayed, but investors are looking forward to seeing this in the […]
Futures for major indexes were all up this morning, following a better than expected earnings report from Apple and outstanding jobs numbers from the private sector. Apple (AAPL) has delivered strong earnings reports, which boosted the technology sector and overall market sentiment. Premarket trading was also favorable for a range of major tech companies, including […]
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