道琼斯指数结束一连串的上涨，指数呈现连三跌，考虑到经济背景仍然很不明朗，可继续做空。

道琼斯连三跌，继续做空

The Dow finished marginally higher on Friday, while the S&P 500 and the Nasdaq 100 were up 0.2% and 0.9% respectively, as investors weighed a batch of economic data ahead of next week’s Federal Reserve meeting. The US Core PCE inflation, the Fed's preferred inflation measure, eased increased by 4.4% in December and marked its smallest annual rise since October 2021, paving way for smaller Fed hikes. Meantime, US personal spending fell by 0.2% for the second consecutive month in December, due to higher borrowing costs. On the corporate side, American Express soared 10.5% and Visa gained almost 3%, while Intel and Silvergate Capital plunged 6.4% and 3.7%, respectively. Meantime, Tesla soared 11% and marked 31% weekly gain on its firm quarterly reports.  For the week, the Dow added 1.6 and the S&P 500 was up almost by 2% while Nasdaq 100 gained 3.3%. Next week, investors await earning results for Meta on Wednesday, and Apple, Google, and Amazon on Thursday.

Wall Street Ends Week on Positive Note

The Dow added more than 100 points on Friday, while the S&P 500 and the Nasdaq 100 were up 0.4% and 1% respectively, as investors weighed a batch of economic data ahead of next week’s Federal Reserve meeting. The US Core PCE inflation, the Fed's preferred inflation measure, increased by 4.4% in December and marked its smallest annual rise since October 2021, backing expectations that the Fed could slow down its tightening pace. Meantime, US personal spending declined by 0.2% for the second consecutive month in December, heightening the impact of higher borrowing costs on consumer spending. On the corporate side, American Express soared 12%, after its upbeat earnings and 2023 revenue forecast. Intel plunged 7% after a dismal first-quarter outlook, while Silvergate Capital, the crypto-focused bank, plunged 22% after it suspended dividend payments as its stock has been falling since November. Visa gained more than 2% on its earnings and first-quarter outlook.

Wall Street on Track for Gains

The Dow was trading virtually flat on Friday, while the S&P 500 and the Nasda1 100 were down roughly 0.5% each as investors digested a slew of economic data and earnings reports. The Fed's preferred inflation measure, the US core personal consumption expenditures price index, slowed to an over one-year low of 4.4% in December, cementing expectations that the Federal Reserve could slow its tightening campaign next week. However, a different report showed that personal spending declined for a second consecutive month in December, heightening the impact of higher borrowing costs on consumer spending, which accounts for more than two-thirds of US economic activity. On the corporate side, Intel plunged more than 10% after a dismal first-quarter outlook, sending shockwaves through other chipmakers. For the week, the Dow is up about 1.6%, while the S&P 500 and Nasdaq 100 are down 1.9% and 3.1%, respectively.

Wall Street Struggles For Traction

Stock futures contracts tied to the blue-chip Dow were virtually flat on Friday, while those linked to the S&P 500 and Nasdaq were down 0.3% and 0.5%, respectively, as investors digested new economic data while parsing a slew of earnings results. The Fed's preferred inflation measure, the US core personal consumption expenditures price index, slowed to an over one-year low of 4.4% in December, cementing expectations that the Federal Reserve could slow its tightening campaign. However, a different report showed that personal spending declined for a second consecutive month, heightening the impact of higher borrowing costs on the economy. On the corporate side, Intel plunged almost 10% in premarket trading after a dismal first-quarter outlook, sending shockwaves through other chipmakers. For the week, the Dow is up about 1.6%, while the S&P 500 and Nasdaq 100 are down 1.9% and 3.1%, respectively.

Wall Street Set to Open Lower

Stock futures contracts tied to the blue-chip Dow were virtually flat on Friday, while those linked to the S&P 500 and Nasdaq were down 0.3% and 0.5%, respectively, as investors away a slew of economic releases while parsing a slew of earnings results. The focus will be on the US PCE report later today, the Fed's favorite inflation gauge, following a robust GDP report yesterday that helped ease some concerns that the world's largest economy is on the brink of a recession. On the corporate side, Intel plunged more than 10% in premarket trading after a dismal first-quarter outlook, sending shockwaves through other chipmakers. AMD, Nvidia, Applied Materials, and Qualcomm were down between 1% and 3%. For the week, the Dow is up about 1.6%, while the S&P 500 and Nasdaq 100 are down 1.9% and 3.1%, respectively.

US Stock Futures Fall

US stock futures fell on Friday after the major averages extended their winning streak in Thursday’s regular session, while investors look ahead to more economic data and earnings reports that could guide the outlook for growth and monetary policy. Nasdaq 100 futures dropped 0.5%, while S&P 500 and Dow futures lost 0.3% and 0.15%, respectively. In extended trading, Intel plunged almost 10% after the chipmaker missed earnings and revenue estimates and offered a weak forecast. Hasbro and KLA Corp also tumbled on disappointing updates, while Visa jumped on an earnings beat. In regular trading on Thursday, the Dow rose 0.61%, the S&P 500 gained 1.1% and the Nasdaq Composite rallied 1.76%, with ten out of 11 S&P sectors ending higher led by energy, consumer discretionary and technology. Those moves came as investors cheered better-than-expected fourth quarter US GDP numbers that raised hopes of a soft landing, though recession fears persist.

US Futures Fall After Upbeat Session

The Dow added 200 points, while the S&P 500 and Nasdaq 100 were up 1.1% and 1.7%, respectively, after US fourth-quarter gross domestic product growth beat estimates while corporate earnings turned mixed. The American economy advanced 2.9% in Q4 of 2022, while analysts expected a 2.6% growth, raising hopes that a soft landing for the economy is possible despite the Federal Reserve's aggressive monetary tightening. Meanwhile, durable goods orders also exceeded expectations, while initial unemployment claims unexpectedly fell to nine-month lows. On the earnings front, tesla soared almost 11% after posting solid revenue and earnings and raised the forecasts for 2023. Among losers, IBM fell 4.5% on its announcement that it would cut jobs due to falling short of its annual cash target despite a revenue beat. Southwest Airlines slid 3.1% on warning of losses for the current quarter. Visa and Intel are due to post results after the bell.

Wall Street Extends Gains on Thursday

The Dow added 100 points on Thursday, while the S&P 500 and Nasdaq 100 were up 0.8% and 1.6%, respectively, after new data showed fourth-quarter GDP grew faster than expected and hinted at waning inflation. The Commerce Department's GDP report revealed that the American economy advanced 2.9% in the last three months of 2022, while analysts expected a 2.6% growth, raising hopes that a soft landing for the economy is possible despite the Federal Reserve's aggressive monetary tightening. Meanwhile, durable goods orders also exceeded expectations, while initial unemployment claims unexpectedly fell to nine-month lows. On the earnings front, tesla rallied 10% after the electric-vehicle maker topped Wall Street estimates on fourth-quarter revenue and earnings. Investors were awaiting another batch of updates from corporate America, with Intel and Visa among the most prominent companies to report.

Wall Street Extends Gains

Stock futures contracts tied to the blue-chip Dow rose 0.1%, while those linked to the S&P 500 and Nasdaq were up 0.4% and 0.8%, respectively, after new data showed fourth-quarter GDP grew faster than expected and hinted at waning inflation. The Commerce Department's GDP report revealed that the American economy advanced 2.9% in the last three months of 2022, while analysts expected a 2.6% growth, raising hopes that a soft landing for the economy is possible despite the Federal Reserve's aggressive monetary tightening. On the earnings front, tesla rallied almost 8% in premarket trading after the electric-vehicle maker topped Wall Street estimates on fourth-quarter revenue and earnings. Investors were awaiting another batch of updates from corporate America, with Intel and Visa among the most prominent companies to report.

Wall Street Set to Open Higher

Stock futures contracts tied to the blue-chip Dow were virtually flat on Thursday, while those linked to the S&P 500 and Nasdaq were up 0.4% and 0.8%, respectively, as investors awaited another slew of earnings reports and economic data. Tesla rallied almost 7% in premarket trading after the electric-vehicle maker topped Wall Street estimates on fourth-quarter revenue and earnings. On the other hand, IBM lost more than 2% after announcing the layoff of 3,900 workers. Still, the tech giant beat revenue expectations. Investors were awaiting another batch of updates from corporate America, with Intel and Visa among the most prominent companies to report. On top of that, a preliminary reading of the US Q4 GDP will fuel the debate on whether a soft landing for the economy is possible after the Federal Reserve's aggressive monetary tightening.

US Stock Futures Rise Ahead of GDP Data

US stock futures edged higher on Thursday after the major averages struggled for direction during Wednesday’s regular session, as investors digested the latest batch of corporate earnings that were released after the bell. Nasdaq 100 futures rose 0.3%, while S&P 500 and Dow futures gained about 0.1%. In extended trading, Tesla jumped 4.5% after the EV-maker’s fourth quarter earnings and revenue topped expectations. Chevron, Levi Strauss and Las Vegas Sands also gained on upbeat quarterly results, while ServiceNow and IBM tumbled on disappointing updates. In regular trading on Wednesday, the Dow inched up 0.03%, while the S&P 500 and Nasdaq Composite shed 0.02% and 0.18%, respectively. US stocks initially sold off as a bleak outlook from Microsoft triggered a tech rout, before recovering towards the close as investors shifted their focus to other pockets of the market. Investors now look ahead to more earnings reports and a slew of economic data on Thursday.

US Futures Edge Up as Traders Weigh Earnings

The Dow pared its losses during the session and finished in the green on Wednesday, while the S&P 500 finished muted and Nasdaq 100 was down almost 0.2%. Investors were concerned about the chance of a recession as higher borrowing costs keep more companies from growing while slower sales force some into layoffs. Microsoft was roughly down 0.3% after marking its slowest sales growth in more than six years and lowered its revenue forecast for the current quarter. Meantime, Boeing was up 0.3% after a reported loss but its first positive cash flow since 2018. AT&T added 6.6% after the earnings topped analyst estimates. In contrast, Google dipped 2.5% and its earning results are expected in the next week. Tesla almost gained 0.4% but IBM lost 0.5% while investors awaited earnings reports after the bell.

Wall Street Pares Some Losses

The Dow lost almost 300 points on Wednesday, while the S&P 500 and Nasdaq 100 were down 1.2% and 1.9%, respectively, as some disappointing corporate earnings results added to worries about a possible recession. Microsoft, the second most valuable US company, dropped over 3% after the tech bellwether registered its slowest sales growth in more than six years. Boeing fell roughly 3% after the aircraft maker posted earnings and revenue that missed expectations. On the other hand, AT&T added approximately 4% after the telecommunication company reported earnings results that topped analyst estimates. Now, all eyes turn to Tesla and IBM, which will announce their earnings after the close. Investors have grown concerned about the chance of a recession as higher borrowing costs keep more companies from growing while slower sales force some into layoffs. Adding to the bearish tone were fears of an escalation in the Ukraine war after Germany decided to supply tanks.

US Stocks Slide as Weak Earnings Weigh

Stock futures contracts tied to the blue-chip Dow fell 0.7% on Wednesday, while those linked to the S&P 500 and Nasdaq were down 0.8% and 1.3%, respectively, as investors monitored a slew of corporate earnings releases. Microsoft dropped more than 2% in premarket trading after the software giant registered its slowest sales growth in more than six years. Boeing fell roughly 2% after recording a $663 million loss in the fourth quarter amid labor and supply chain issues. On the other hand, AT&T added approximately 2% after the telecommunication company reported earnings results that topped analyst estimates. Now, all eyes turn to Tesla, which will announce its earnings after the close. Investors have grown concerned about the chance of a recession as higher borrowing costs keep more companies from growing while slower sales force some into layoffs.

US stock futures fell on Wednesday as Microsoft offered a weak revenue forecast for the current quarter, saying it saw a slowdown in its core businesses at the end of last year. Nasdaq 100 futures dropped 0.6%, while S&P 500 and Dow futures lost 0.4% and 0.3%, respectively. The major averages ended mixed during Tuesday’s regular session, with the Dow gaining 0.31%, while the S&P 500 and Nasdaq Composite fell 0.07% and 0.27%, respectively. Those moves came as investors assessed a slew of corporate earnings reports that yielded mixed results, while fears of a US recession vied with expectations of a slower pace of Federal Reserve policy tightening. Investors now look ahead to more quarterly reports from major firms, with Tesla, Abbott Laboratories, AT&T, IBM and Boeing scheduled for Wednesday.

US Futures Fall as Traders Mull Earnings

The Dow added more than 100 points on Tuesday, while the S&P 500 and Nasdaq 100 roughly dropped 0.1% and 0.3%, respectively, as investors digested a batch of economic data and earnings while recession fears remain. The latest flash PMI data from the US showed that business activity across manufacturing and services remained below pair, magnifying the impact of tightening financial conditions on growth and reinforcing bets that the Federal Reserve will slow their pace of tightening. On the corporate side, industrial conglomerate 3M plunged over 6.2% after reporting a drop in profit, while General Electric gained 1.1% after the industrial giant posted quarterly results that topped expectations. Meanwhile, Johnson & Johnson was marginally in red after reporting a 25% drop in earnings and declining sales for Q4 as demands for Covid-19 vaccine dropped. After the bell, all eyes turn to Microsoft reports.

Wall Street Fights for Direction, Mixed Earnings

The Dow added more than 100 points on Tuesday, while the S&P 500 and Nasdaq 100 crossed into positive territory as investors digested a slew of economic data and earnings. The latest flash purchasing managers’ index data from the US showed that business activity across manufacturing and services remained below pair, magnifying the impact of tightening financial conditions on growth and reinforcing bets that the Federal Reserve will slow their pace of tightening. 	On the corporate side, industrial conglomerate 3M plunged over 5% after reporting a drop in profit, while General Electric is up almost 1% after the industrial giant posted quarterly results that topped expectations. Meanwhile, Johnson & Johnson also came into the spotlight after the pharmaceutical giant posted better-than-expected quarterly results. Now, all eyes turn to Microsoft, which will announce its earnings after the close and most likely shape the outlook for tech.

Wall Street Finds Some Traction

The Dow lost more than 100 points on Tuesday, while the S&P 500 and Nasdaq 100 were down roughly 0.5% each, as investors fretted about the prospects of sharp downward earnings revisions from aggressive central bank actions to tame inflation. Industrial conglomerate 3M plunged over 5% after reporting a drop in profit, while General Electic is down 2% after offering weak guidance. Meanwhile, Johnson & Johnson rose nearly 1% after the pharmaceutical giant posted better-than-expected quarterly results. Now, all eyes turn to Microsoft, which will announce its earnings after the close and most likely shape the outlook for tech. On top of that, the S&P Global PMIs later today will fuel the debate on whether the world's largest economy is heading toward a recession or is already in one.

US Stocks Under Pressure

Stock futures contracts tied to the three major indices were down roughly 0.5% on Tuesday as investors awaited more earnings reports for clues about the health of the US economy. The corporate earnings season will kick into high gear, with 3M, General Electric, and Johnson & Johnson among that reporting before the bell, followed by Microsoft after the close. On top of that, the S&P Global PMIs later today will fuel the debate on whether the world's largest economy is heading toward a recession or is already in one. In regular trading on Monday, the Nasdaq Composite rallied 2.01%, the S&P 500 jumped 1.19%, and the Dow gained 0.76%, all three benchmarks turning positive again for the year.

US stock futures steadied on Tuesday after the major averages posted their second straight day of gains during Monday’s regular session, as investors looked ahead to more earnings reports for a glimpse on the state of corporate activity. Futures contracts tied to the three major indexes were all trading near breakeven. In regular trading on Monday, the Nasdaq Composite rallied 2.01%, the S&P 500 jumped 1.19% and the Dow gained 0.76%, with all three benchmarks turning positive again for the year. Ten out of the 11 S&P sectors advanced, led by technology, communication services and consumer discretionary. Those gains came despite mixed corporate earnings results and weakening US economic data, as investors focused on forward guidance and hopes that the economy was faring better than expected. Investors now look ahead to more earnings reports from major firms such as Microsoft, Johnson & Johnson, Danaher, Verizon and General Electric, among others.

US Futures Steady Ahead of More Earnings

All three major stock indexes finished in the green on Monday, as pessimism among investors has faded in past days betting on the Fed's slower tightening, ahead of busy earnings week. The Dow added 250 points after advancing more than 400 points during the session, while the S&P 500 roughly gained 1.2% and climbed above the 4000 mark. The Nasdaq 100 was up 2%, as investors are eyeing earnings after tech firms shift their focus to cost cuts in recent weeks. Apple was up % after UBS stuck with its earnings forecast ($1.93). Meanwhile, Tesla jumped 7.7% and Spotify was roughly up 2.1%.

Wall Street Rallies Ahead of Earnings

The Dow was trading around the flatline on Monday, and the S&P 500 and Nasdaq added 0.1% and 0.3%, respectively, as investors seemed reluctant to make significant moves ahead of a busy week of earnings and economic data. So far, the fourth-quarter earnings season has painted a mixed picture of the health of the US economy. Some companies, like Netflix, reported strong growth, while big banks, including JPMorgan Chase, have set aside more money for expected defaults. The season will kick into a higher gear this week as several big tech names, including Microsoft, Tesla, IBM, and Intel, report results. Meantime, recent economic data have magnified concerns that the US economy is near a recession while boosting bets that the Federal Reserve will continue to slow the pace of policy rate increases. On the corporate side, software firm Salesforce rose almost 2% after activist investor Elliott Management Corp invested in the company.

US Stocks Waver

Stock futures contracts tied to the three major indices fluctuated between small gains and losses on Monday as investors appeared reluctant to open new positions ahead of a busy week of earnings and economic data. So far, the fourth-quarter earnings season has painted a mixed picture of the health of the US economy. Some companies, like Netflix, reported strong growth, while big banks, including JPMorgan Chase, have set aside more money for expected defaults. The season will kick into a higher gear as several big tech names, including Microsoft, Tesla, IBM, and Intel, report results later this week. Meantime, recent economic data have magnified concerns that the US economy is near a recession while boosting bets that the Federal Reserve will continue to slow the pace of policy rate increases. Fourth-quarter GDP figures due Thursday will offer analysts clues about the health of the world's largest economy.

US Stock Futures Waver

US stock futures eased on Monday after the major averages staged a sharp rebound during Friday’s regular session, as risk assets were boosted by expectations of less aggressive interest rate hikes from the Federal Reserve. Nasdaq 100 futures fell 0.2%, while Dow and S&P 500 futures lost 0.1%. In regular trading on Friday, the Dow gained 1%, the S&P 500 jumped 1.89% and the Nasdaq Composite rallied 2.66%, with all 11 S&P sectors ending higher led by communication services, technology and consumer discretionary. For the week, however, only the tech-heavy Nasdaq finished higher, with the Dow and S&P 500 snapping a two-week winning streak. Those moves came as weak US data supported the case for a slower pace of monetary tightening, with Fed Governor Christopher Waller backing a more moderate 25 basis point rate increase at the next meeting. Investors now look ahead to a slew of US economic data and more earnings reports this week.

US Futures Ease After Friday’s Rally

The Dow added more than 300 points on Friday, while the S&P 500 and the Nasdaq 100 were up roughly 1.9% and 2.7%, respectively, backed by rallies in tech and other high-growth stocks, sweeping some of the week’s losses. Mega-cap companies, including Meta, Amazon, Microsoft and Tesla jumped between 1% and 5%. Meantime, Google (Alphabet) was up 5.3% after announcing that it will cut 12000 jobs. Netflix soared 8.5% amid weak earnings after reporting stronger-than-expected subscriber numbers. Earlier on Friday, Fed Governor Waller backed a 25 basis points interest rate hike for the next meeting. Comments from Federal Reserve officials have shown to expect interest rates to climb to at least 5% this year to tamp down high inflation. For the week, the Dow was down 2.1%. while the S&P 500 and Nasdaq 100 roughly added 0.3% and 2.9%. In the week ahead, investors’ eyes are on earning reports from Microsoft on Tuesday, Tesla and IBM on Wednesday.

Wall Street Ends in Green on Tech Rally

The Dow added more than 100 points on Friday, while the S&P 500 and the Nasdaq 100 were up 0.9% and 1.5%, respectively, as a rally among tech and other high-growth stocks helped Wall Street to recover from a weak start. Mega cap names, including Meta Platforms, Amazon.com, Microsoft, Tesla, and Google-owner Alphabet, soared between 1% and 4%. Adding to the bullish tone, Netflix jumped over 7% after reporting stronger-than-expected subscriber numbers. Still, concerns that further interest rate hikes will drag the US economy into a recession and lead to sharp downward earnings revisions limited any significant upside move. Even after dismal economic data, the US central bank kept its foot on the pedal. Fed Vice Chair Lael Brainard, considered a dove, said rates would need to stay elevated to bring down inflation to its 2% target. The Dow lost roughly 3.3% this week, while the S&P 500 and Nasdaq 100 are down around 1.7% and 0.7%, respectively.

Wall Street Regains Momentum

The Dow Jones lost roughly 100 points on Friday while the S&P 500 was trading flat with some negative bias as mounting concerns that further interest rate hikes will drag the US economy into a recession and lead to sharp downward earnings revisions continued to spook investors. The tech-heavy Nasdaq, however, outperformed by rising roughly 0.3%, with Netflix up almost 7% after reporting stronger-than-expected subscriber numbers. So far, the fourth-quarter earnings season has painted a mixed picture of the health of the US economy. Some companies, like Netflix, reported strong growth, while big banks, including JPMorgan Chase, have set aside more money for expected defaults. At the same time, dismal economic data have boosted bets that the Federal Reserve will continue to slow the pace of policy rate increases. Money markets see the rate peaking at 4.85% by June, expectations that Fed officials have pushed back on recently.

Wall Street Struggles for Traction

Stock futures contracts tied to the blue-chip Dow were flat on Friday, while those linked to the S&P 500 and Nasdaq were up 0.3% and 0.7%, respectively, as investors reassessed the outlook for monetary policy and growth. So far, the fourth-quarter earnings season has painted a mixed picture of the health of the US economy. Some companies, like Netflix, reported strong growth, while big banks, including JPMorgan Chase, have set aside more money for expected defaults. At the same time, recent data showed retail sales, producer prices, and industrial production fell more than expected in December, exacerbating worries of a slowdown in the world's largest economy. Dismal economic data have boosted bets that the Federal Reserve will continue to slow the pace of policy rate increases. Money markets see the rate peaking at 4.85% by June, with a 25-basis point hike baked in for February, expectations that Fed officials have pushed back on recently.

Wall Street Set To Open Slightly Higher

US stock futures rose on Friday after the major averages extended a losing streak during Thursday’s regular session, while investors continued to assess the outlook for growth and monetary policy. Nasdaq 100 futures gained 0.3%, while S&P 500 and Dow futures were up about 0.1%. In extended trading, Netflix jumped 7% on better-than-expected subscription figures, while Nordstrom tumbled 6% after cutting its annual profit forecast, dragging other retailers lower. In regular trading on Thursday, the Dow and S&P 500 both fell 0.76% for their third straight losing session, while the Nasdaq lost 0.96% to hit its second negative day in a row. Eight out of the 11 S&P sectors finished lower, led by industrials, consumer discretionary and financials. Those moves came as corporate earnings and economic data signaled a slowing economy, overshadowing optimism about a slower pace of central bank policy tightening.

US Futures Rise After Downbeat Session

The Dow shed more than 230 points on Thursday, while the S&P 500 and the Nasdaq 100 closed roughly 0.8% and 1% lower, respectively as selling pressure prevailed amid concerns of a looming recession. Fresh data showed that the labor market remains tight, with the number of Americans filing for unemployment benefits unexpectedly falling last week to the lowest in four months, backing hawkish remarks from Federal Reserve officials who signal further rate hikes. Recent data also showed that retail sales, producer prices, and industrial production fell more than expected in December, raising worries about an economic slowdown. On the corporate side, Procter & Gamble and Alcoa shed 2.1% and 7.2% respectively, after disappointing results, while Truist Financial rose 4.3%. Looking forward, investors await Netflix earnings after the bell.

US Stocks Fall on Recession Fears

The Dow lost 200 points on Thursday, while the S&P 500 and Nasdaq 100 were down roughly 0.5% as investors fled equities over concerns about a looming recession. The labor market remained tight, with the number of Americans filing for unemployment benefits falling last week to the lowest in four months, throwing some cold water into expectations that the Fed will pivot away from its aggressive stance. At the same time, recent data showed retail sales, producer prices, and industrial production fell more than expected in December, exacerbating worries of a slowdown in the world's largest economy. On the policy side, Boston Fed President Susan Collins was among the latest policymakers to warn that rates must rise further to bring down inflation. Focus now turns to the ongoing earnings season for clues about the health of corporate America. Netflix, Procter & Gamble, and Truist Financial are among the most prominent companies to report later today.

Wall Street Remains Under Pressure

In New York the Dow Jones Index dropped 614 points or 1.81 percent on Wednesday. Losses were led by IBM (-3.29%) and McDonalds (-2.94%).

The Dow Jones Index fell 1.81%

Stock futures contracts tied to the three major indices were down almost 1% on Thursday, putting Wall Street on track to open sharply lower as investors fled equities over concerns about a looming recession. Data on Wednesday showed retail sales, producer prices, and industrial production fell more than expected in December, exacerbating worries of a slowdown in the world's largest economy. At the same time, the Federal Reserve is shrugging off this dismal economic data, with St. Louis Fed President James Bullard and his Cleveland counterpart stressing the need to raise rates beyond 5% to bring inflation down to its 2% target. Focus now turns to the ongoing earnings season for clues about the health of corporate America. Netflix, Procter & Gamble, and Truist Financial are among the most prominent companies to report later today.

Wall Street Set to Open Sharply Lower

US stock futures steadied on Thursday after a broad market selloff during Wednesday’s regular session, as markets continued to grapple with economic uncertainties while assessing the outlook for monetary policy. Futures contracts tied to the three major indexes were all trading near breakeven. In extended trading, Discover Financial (-6%), H.B. Fuller (-4%) and Alcoa (-4%) all declined on disappointing quarterly results. In regular trading on Wednesday, the Dow tumbled 1.81%, the S&P 500 dropped 1.56% and the Nasdaq Composite lost 1.24%, with all 11 S&P sectors finishing lower. Those moves came as investors digested disappointing retail sales data and weaker-than-expected producer inflation reading in the US that fueled recession fears, as well as hawkish remarks from Federal Reserve officials. St. Louis Fed President James Bullard said rates were not yet restrictive and could rise up to 5.5% by year-end, while Fed’s Mester and Harker also backed more rate increases.

US Futures Steady After Weak Session

Wall Street failed to hold its upward momentum on Wednesday, with all three major indexes crossing into negative territory as investors digested a slew of US economic data and earnings while reassessing the outlook for monetary policy. The Dow Jones shed more than 600 points, while the S&P 500 and the Nasdaq 100 fell 1.6% and 1.2%, respectively. In an interview with the Associated Press, Fed’s Mester said that the Fed will have to raise the interest rate above 5% to get inflation at the goal level of 2%. On the data front, US producer prices declined in December by the most since the start of the pandemic, and a drop in retail sales exceeded estimates, reinforcing bets that the Federal Reserve will slow its aggressive tightening campaign but exacerbating worries about a recession.

Wall Street Fails to Keep New Year’s Rally

The Dow Jones lost more than 100 points on Wednesday as investors digested a slew of US economic data while reassessing the outlook for monetary policy. The S&P 500 and the Nasdaq 100 also turned negative, falling roughly 0.3% each, but losses were capped by softening Treasury yields which boosted appetite for tech and high-growth stocks. US producer prices declined in December by the most since the start of the pandemic, and a drop in retail sales exceeded estimates, reinforcing bets that the Federal Reserve will slow its aggressive tightening campaign but exacerbating worries about a recession. On the earnings front, United Airlines topped Wall Street’s estimates in the latest quarter due to robust travel demand. Meanwhile, Moderna jumped over 5% after saying its vaccine for the respiratory syncytial virus is effective at preventing the disease in older adults.

Wall Street Struggles to Keep Momentum

The Dow added roughly 50 points on Wednesday, and the S&P 500 and the Nasdaq 100 were up 0.4% and 0.8%, respectively, as investors digested a slew of economic data while reassessing the outlook for monetary policy. The producer price index, a gauge of prices for final demand products, declined 0.5% over the previous month in December, while analysts expected a 0.1% drop. At the same time, a Commerce Department report showed retail sales contracted 1.1% last month, the most in a year, as stubbornly high inflation and tight financial conditions hit consumer demand. Investors will now focus on the ongoing earnings season for clues on how companies navigate the macro environment. Meanwhile, Moderna jumped almost 7% after saying its vaccine for the respiratory syncytial virus is effective at preventing the disease in older adults.

US Stocks Enjoy Some Respite

Stock futures tied to the blue-chip Dow were up 0.3% on Wednesday, and those linked to the S&P 500 and Nasdaq added 0.5% and 0.7%, respectively, as a softer-than-expected reading for producer inflation reinforced bets that the Federal Reserve will slow its aggressive tightening campaign. The producer price index, a gauge of prices for final demand products, declined 0.5% over the previous month in December, while analysts expected a 0.1% drop.

US Stock Futures Extend Gains

Stock futures contracts tied to the blue-chip Dow rose 0.1% on Wednesday, and those linked to the S&P 500 and Nasdaq were up roughly 0.3% as investors await more earnings reports for clues on how companies are navigating through the current macro environment. So far, the fourth-quarter earnings season has yielded mixed results, with several big banks reporting better-than-expected results but warning about an upcoming recession. Meanwhile, Moderna jumped more than 7% in premarket trading after saying its vaccine for the respiratory syncytial virus is effective at preventing the disease in older adults. Aside from earnings, investors will look closely for PPI and retail sales data for insight into the state of the US economy and the direction of the Federal Reserve’s interest rate rises.

US Stock Futures Rise

US stock futures fell on Wednesday as the fourth quarter earnings season has so far yielded mixed results, while investors await more earnings reports for clues on how companies are coping with the current economic environment. Futures contracts tied to the three major indexes were all down at least 0.2%. In extended trading, Moderna jumped 5% after saying its vaccine for respiratory syncytial virus is effective at preventing the disease in older adults, while United Airlines gained 2% on better-than-expected quarterly results. In regular trading on Tuesday, the Dow and S&P 500 dropped 1.14% and 0.2%, respectively, dragged by the financial sector as Goldman Sachs posted an earnings miss. Meanwhile, the Nasdaq Composite rose 0.14%, helped by technology and consumer discretionary stocks. Investors now look ahead to more earnings reports from major firms such as Charles Schwab, PNC Financial Services and Discover Financial, among others.

US Futures Fall on Earnings Jitters

The blue-chip Dow lost almost 400 points on Tuesday, dragged by the financial sector, as investors digested a slew of earnings reports while reassessing the growth outlook. The S&P 500 seesawed around the 4,000 mark while the Nasdaq 100 outperformed by adding roughly 0.5%, driven by an over 7% rally in Tesla. Goldman Sachs reported a larger-than-expected 69% decline in fourth-quarter profits due to heavy losses in its investment banking unit and asset management revenue, which drove its shares down almost 7%. On the other hand, rival Morgan Stanley jumped 6% after surprising investors on the upside after its trading firm got a boost from market volatility. Whirlpool was also in the spotlight after the home appliances company said it is divesting its businesses across Europe, the Middle East, and Africa.

US Stocks Finish Mixed

The blue-chip Dow lost more than 100 points on Tuesday, while the S&P 500 and Nasdaq were trading around the flatline as investors digested a slew of earnings reports while reassessing the growth outlook. Goldman Sachs reported a larger-than-expected 69% decline in fourth-quarter profit due to heavy losses in its investment banking unit and asset management revenue, which, in turn, drove its shares down more than 2%. Conversely, rival Morgan Stanley jumped 4% after surprising investors on the upside as its trading business got a boost from market volatility. Whirlpool was also in the spotlight after the home appliances company said it is divesting its businesses across Europe, the Middle East, and Africa. Still, markets have been enjoying a wave of respite in 2023, with sentiment lifted by optimism about China's reopening and signs of a slowdown in inflation in the US and Europe.

Stock futures contracts tied to the blue-chip Dow fell 0.4% on Tuesday, while those linked to the S&P 500 and Nasdaq were down roughly 0.3% each as investors digested more earnings results from big banks. Goldman Sachs reported a larger-than-expected 69% decline in fourth-quarter profit due to heavy losses in its investment banking unit and asset management revenue, which, in turn, drove its shares down more than 2% in premarket trading. Meanwhile, Morgan Stanley surprised investors on the upside as its trading business got a boost from market volatility. Last week, JPMorgan, Bank of America, Citigroup, and Wells Fargo turned in mixed fourth-quarter results, with the nation's largest banks reporting better-than-expected numbers but issuing recession warnings. Still, markets have been enjoying a wave of respite in 2023 so far, with sentiment lifted by optimism about China's reopening and signs of a slowdown in inflation in the US and Europe.

Wall Street Set for Subdued Open

US stock futures tracking the broader market were down roughly 0.5% on Tuesday, putting Wall Street on track to start a holiday-shortened week lower as investors await a slew of earnings reports for clues on how corporate America performed against macro headwinds. Last week, JPMorgan, Bank of America, Citigroup, and Wells Fargo turned in mixed fourth-quarter results, with the nation's largest banks reporting better-than-expected numbers but issuing recession warnings. Investors now look ahead to more reports, including those from Morgan Stanley and Goldman Sachs. Equities have been enjoying a wave of respite in 2023 so far, with sentiment lifted by optimism about China's reopening and signs of a slowdown in inflation in the US and Europe.

US stock futures eased on Tuesday as investors assessed whether the recent rally could continue higher given the deteriorating outlook for growth, while awaiting more corporate earnings that could provide clues on US economic activity. Futures contracts tied to the three major indexes drifted flat to slightly negative. All three major averages are positive so far this year, with the Nasdaq Composite rallying 5.85%, while the S&P 500 and Dow are up 4.16% and 3.49%, respectively. Those gains came as easing US inflation cemented expectations that the Federal Reserve will downshift to a smaller 25 basis point interest rate hike in February after delivering a half-percentage point increase in December. Meanwhile, the fourth-quarter earnings season which kicked off last week has so far yielded mixed results, with major banks reporting better-than-expected numbers but issuing recession warnings. Investors now look ahead to more earnings from Morgan Stanley and Goldman Sachs, among others.

US Futures Ease Ahead of More Earnings

Stock futures contracts tied to the three major indices were trading flat with some negative bias on Monday as investors assessed whether the recent rally has legs given the deteriorating outlook for growth and sharp downward earnings revisions. Fourth-quarter earnings season kicked off last week with a bunch of big banks reporting mixed results, with JPMorgan Chase, Bank of America, and Citigroup surprising investors on the upside but warning that they are setting aside more money for a recession. This holiday-shortened week will bring more news for markets to gauge the health of the world's largest economy, including Wednesday's PPI and retail sales report and more results from corporate America. In regular trading on Friday, the Dow closed 0.3% higher and reported its best week since November. The S&P 500 added 0.4% while the Nasdaq 100 gained 0.7%, its longest winning rally since 2021.

US Stock Futures Muted

Major US stocks closed in the green on Friday, after investors digested new economic data and parsed a slew of earnings releases from big banks. The Dow closed 0.3% higher and reported its best week since November. The S&P 500 added 0.4% while the Nasdaq 100 gained 0.7%, its longest winning rally since 2021. JPMorgan Chase, the US largest bank, kicked off the fourth-quarter earnings reporting season with upbeat results. However, the bank warned that it is setting aside $1.4 billion in anticipation of a mild recession. Also, Bank of America JPMorgan Chase, Wells Fargo, and Citigroup advanced. Meantime, Tesla declined 0.9% after slashing prices for its vehicles sold in the US. For the week, the Dow added 1.6%, while the S&P 500 and Nasdaq 100 added 1.7% and 3.1%, respectively.

Wall Street Ends Higher After Earnings

US stocks pared some of their early losses on Friday, with the blue-chip Dow recovering from an over 200-point drop to cross over into positive territory, as investors digested new economic data while parsing a slew of earnings releases. The S&P 500 and the Nasdaq 100 also regained traction but remained red, down roughly 0.3% each. The University of Michigan's preliminary January survey showed that consumer sentiment improved to a nine-month high while year-ahead inflation expectations dropped to 4%, the lowest since April 2021. Meantime, JPMorgan Chase, the US largest bank, kicked off the fourth-quarter earnings reporting season with upbeat results. However, it warned that it is setting aside $1.4 billion in anticipation of a mild recession. In other corporate news, Tesla plunged over 2% after slashing prices for its vehicles sold in the US. The Dow is up roughly 1.7% for the week, while the S&P 500 and Nasdaq 100 added 2% and 3.5%, respectively.

Wall Street Pares Losses

The Dow lost more than 200 points on Friday, while the S&P 500 and Nasdaq 100 were down roughly 1%, as a slew of earnings reports from big banks exacerbated concerns about an economic downturn. JPMorgan Chase, the US largest bank, kicked off the fourth-quarter earnings reporting season with upbeat results. However, it warned that it is setting aside $1.4 billion in anticipation of a mild recession, which, in turn, drove its shares down 2%. Wells Fargo fell nearly 5% after reporting a 50% drop in quarterly profit as the bank piled cash to prepare for soured loans. Bank of America also declined about 2% despite reporting a better-than-expected fourth-quarter profit. In other corporate news, Tesla plunged over 6% after slashing prices for its vehicles sold in the US. For the week, the blue-chip Dow is up roughly 0.9%, while the S&P 500 and Nasdaq 100 added 1.4% and 2.9%, respectively.

US Stocks Plunge After Bank Earnings

Stock futures contracts tied to the three major indices were down roughly 1% on Friday, putting Wall Street on track to open lower as a slew of earnings reports from big banks added to concerns about an economic downturn. JPMorgan Chase kicked off the fourth-quarter earnings reporting season with upbeat results. However, it warned that it is setting aside $1.4 billion in anticipation of a mild recession, which, in turn, drove its shares down 3% in premarket trading. Wells Fargo fell nearly 4% after reporting a 50% drop in quarterly profit as the bank piled cash to prepare for soured loans. Bank of America also declined more than 2% despite reporting a better-than-expected fourth-quarter profit. In other corporate news, Tesla plunged almost 6% after slashing prices for its vehicles sold in the US. For the week, the blue-chip Dow is up roughly 0.9%, while the S&P 500 and Nasdaq 100 added 1.4% and 2.9%, respectively.

US stock futures were little changed on Friday as investors cautiously awaited earnings reports from major banks, while assessing the latest inflation report and its implication on monetary policy. Futures contracts tied to the three major indexes were all trading near breakeven. In regular trading on Thursday, the Dow and Nasdaq Composite both gained 0.64%, while the S&P 500 added 0.34%, with eight of the 11 S&P sectors finishing higher led by energy, real estate and communication services. Those moves came as the December CPI report showed that the annual headline and core inflation rates in the US slowed to 6.5% and 5.7%, respectively, confirming expectations of further easing in inflationary pressure and bolstering the case for a less aggressive tightening from the Federal Reserve. Investors now look ahead to the latest quarterly results from big bank stocks on Friday including JPMorgan Chase, Wells Fargo, Citigroup and Bank of America.

US Futures Flat Ahead of Big Bank Earnings

Major US stock indices booked slight gains on Thursday, glossing over initial disappointment as investors continued to digest December’s US CPI report. The annual headline and core inflation rates slowed to 6.5% and 5.7%, respectively, extending the retreat from their peaks last year and reinforcing bets that the Federal Reserve could further slow its aggressive tightening campaign. The Dow Jones advanced 200 points, while the S&P 500 and the Nasdaq added 0.3% each as Treasury yields retreated over 10bps. Energy shares benefitted from higher oil prices and led the gains for the session, followed by strong performances in real estate and communication services. Still, the CPI report pointed to a continued acceleration in prices for services, underscoring resilient consumer demand and backing the recent hawkish rhetoric from Fed policymakers. To add, initial unemployment claims unexpectedly fell to a three-month low last week, confirming the stubbornly tight labor market.

US Stocks End Higher on CPI Data

Major US stock indices booked slight gains on Thursday, glossing over initial disappointment as investors continued to digest December’s US CPI report. The annual headline and core inflation rates slowed to 6.5% and 5.7%, respectively, extending the retreat from their peaks last year and reinforcing bets that the Federal Reserve could further slow its aggressive tightening campaign. The Dow Jones advanced 200 points, while the S&P 500 and the Nasdaq added 0.4% each as Treasury yields retreated over 10bps. Energy shares benefitted from higher oil prices and led the gains for the session, followed by strong performances in real estate and communication services. Still, the CPI report pointed to a continued acceleration in prices for services, underscoring resilient consumer demand and backing the recent hawkish rhetoric from Fed policymakers. To add, initial unemployment claims unexpectedly fell to a three-month low last week, confirming the stubbornly tight labor market.

US Stocks Edge Higher in Afternoon Trade

All three major indexes fluctuated between gains and losses on Thursday as investors digested the recent US CPI report that largely matched Wall Street projections. Data from the Bureau of Labor Statistics showed that the annual headline and core inflation rate slowed to 6.5% and 5.7% in December, offering hope that inflation stateside has peaked and reinforcing bets that the Federal Reserve will slow its aggressive tightening campaign. However, while this data showed easing price pressures, inflation continues to run well above the Federal Reserve's 2% target. Meanwhile, initial unemployment claims unexpectedly fell to a three-month low last week, pointing to a tight labor market. Earlier this week, a chorus of hawkish comments from Fed policymakers warning that rates will have to go even higher brought more uncertainty around the magnitude of the Fed's next hike in February.

Wall Street Lacks Direction

Stock futures contracts tied to the three major indices were up over 0.5% on Thursday, putting Wall Street on track to build on the momentum from last session's solid performance as investors digested the recent US CPI report. Data from the Bureau of Labor Statistics showed that the annual headline and core inflation rate slowed to 6.5% and 5.7% in December, offering hope that inflation stateside has peaked and reinforced bets that the Federal Reserve will slow its aggressive tightening campaign. Meanwhile, initial unemployment claims unexpectedly fell to a three-month low last week, pointing to a tight labor market. Earlier this week, a chorus of hawkish comments from Fed policymakers warning that rates will have to go even higher brought uncertainty around the magnitude of the Fed's next hike. On the corporate front, Netflix rose 2% in premarket trading as Jefferies raised the rating on the company's shares to "buy".

Stock futures contracts tied to the three major indices fluctuated between small gains and losses on Thursday as investors digested the recent US CPI report. A Bureau of Labor Statistics report showed that the annual inflation rate slowed to 6.5% in December, mostly in line with market expectations. At the same time, a chorus of hawkish comments from Fed policymakers warning that rates will have to go even higher brought uncertainty around the magnitude of the Fed's next hike. On the corporate side, Netflix rose almost 2% in premarket trading as Jefferies raised the rating on the company's shares to "buy".

US Stock Futures Waver After CPI Report

Stock futures contracts tied to the three major indices fluctuated between small gains and losses on Thursday, as investors seemed reluctant to make significant moves ahead of the release of the December CPI report. The overall economic picture has improved recently on the back of signs that inflation could be cooling, with the latest payrolls report already pointing to slowing wage growth, which, in turn, fuelled bets on a less aggressive tightening from the Federal Reserve while allowing risk appetite to return. Still, a chorus of comments in recent days from Fed policymakers warning that rates will have to go even higher brought uncertainty around the magnitude of the Fed's next hike. Now all eyes are on the US CPI report, which likely showed annual inflation easing to 6.5%. On the corporate side, Netflix rose almost 2% in premarket trading as Jefferies raised the rating on the company's shares to "buy".

US Stock Futures Waver Ahead of US Inflation Data

US stock futures held steady on Thursday as investors avoided making big bets ahead of a key inflation report that could influence the trajectory of Federal Reserve interest rate hikes. Futures contracts tied to the three major indexes were all trading near breakeven. In regular trading on Wednesday, the Dow gained 0.8%, the S&P 500 jumped 1.28% and the Nasdaq Composite rallied 1.76%, with all 11 S&P sectors finishing higher led by real estate, consumer discretionary and technology. Those moves came as investors bet that upcoming US inflation data would show further easing in price pressures, supporting the case for a less aggressive tightening from the central bank. Meanwhile, markets remain cautious following a drumbeat of hawkish remarks from Fed officials this week and ahead of earnings reports from major banks on Friday.

US Futures Steady Ahead of Key Inflation Report

The Dow added more than 250 points on Wednesday, while the S&P 500 gained 1.3% and the Nasdaq 100 marked its 4-day winning streak since September, advancing 1.8%. Confidence rose among investors betting on the US Thursday’s inflation report to show cooling signals and a downshift in the Fed's rate hike. It comes after Fed Chair Jerome Powell, in a speech delivered to Sweden's Riksbank on Tuesday, abstained from commenting on the outlook for monetary policy, contrasting with some hawkish messages from his colleagues earlier this week. Globally, hopes grew that China's reopening would boost growth prospects for the country and other economies. On the corporate side, Bed Bath & Beyond shares posted a record one day, up more than 68%, on speculation that the company could be a potential acquisition target.

US Stocks End Higher As Optimism Remains

The Dow advanced more than 100 points on Wednesday, while the S&P 500 and the Nasdaq 100 were up roughly 0.5% each, with investors' focus turning to the US inflation report due on Thursday for hints on the Federal Reserve's next move. The overall economic picture has improved recently on the back of signs that inflation is cooling, allowing monetary policymakers to slow down the pace of tightening while easing some worries about a deep economic downturn. At the same time, hopes grew that China's reopening would boost growth prospects for the country and other economies. On the policy front, Fed Chair Jerome Powell, in a speech delivered to Sweden's Riksbank on Tuesday, abstained from commenting on the outlook for monetary policy, contrasting with some hawkish messages from his colleagues earlier this week. On the corporate side, Bed Bath & Beyond remained in the spotlight, up more than 20%, on speculation that the company could be a potential acquisition target.

Wall Street Extends Rally

Stock futures contracts tied to the three major indices were trading around the flatline with some positive bias on Wednesday as investors waited anxiously for US inflation data on Thursday for clues on the Federal Reserve's next move. The overall economic picture has improved recently on the back of signs that inflation is cooling, allowing monetary policymakers to slow down the pace of tightening while easing some worries about a deep recession. On top of that, hopes grew that China's reopening would boost growth prospects for the country and other economies. At the same time, Fed Chair Jerome Powell, in a speech delivered to Sweden's Riksbank, abstained from commenting on the outlook for monetary policy, contrasting with some hawkish messages from his colleagues earlier this week. On the corporate side, Bed Bath & Beyond remains in the spotlight, up more than 25% in premarket trading, on some speculation that the company could be a potential acquisition target.

Wall Street Set for Muted Open

US stock futures were little changed on Wednesday as investors cautiously awaited US inflation data on Thursday for further clues on the Federal Reserve’s next move, as well as major bank earnings on Friday. Futures contracts tied to the three major indexes were all trading near breakeven. In regular trading on Tuesday, the Dow rose 0.56%, the S&P 500 gained 0.7% and the Nasdaq Composite jumped 1.01%, with all three benchmarks having a positive start to the year so far. Ten out of 11 S&P sectors finished higher on Tuesday, led by technology, consumer discretionary and healthcare. Those moves came as investors bet that the upcoming CPI report will show further easing, while Fed Chair Jerome Powell avoided making comments on the outlook for monetary policy at an event on Tuesday. China’s reopening which bolsters the outlook for the global economy also continued to aid market sentiment.

US Futures Flat as More Data Awaited

The Dow added almost 200 points on Tuesday, while the S&P 500 and Nasdaq 100 rallied 0.7% and 0.9%, respectively, as investors reassessed the outlook for economic growth and monetary policy. Risk appetite continued to be lifted by hopes that China's reopening would boost growth prospects for the country and other economies despite some concerns that it could also trigger another wave of COVID-19 infections. On the policy front, Federal Reserve Governor Michelle Bowman was among the latest officials to warn that rates will have to rise further to bring down inflation to its 2% target. Meanwhile, in a speech delivered to Sweden's Riksbank, Chair Jerome Powell emphasized the need for the central bank to be free of political influence while noting that climate change should not be a priority for monetary policymakers. On the corporate side, Microsoft came into the spotlight after announcing that it plans to invest $10 billion in OpenAI, the company behind the popular ChatGPT.

Wall Street Ends Volatile Session Higher

The Dow added more than 100 points on Tuesday, while the S&P 500 and Nasdaq 100 were up 0.5% and 0.6%, respectively, as investors reassessed the outlook for economic growth and monetary policy. Risk appetite got a boost on hopes that China's reopening would spur growth prospects for the country and other economies despite some concerns that it could also trigger another wave of COVID-19 infections. On the policy front, Federal Reserve Governor Michelle Bowman was among the latest official to warn that rates will have to raise interest rates further to tame inflation. Meanwhile, in a speech delivered to Sweden's Riksbank, Chair Jerome Powell emphasized the need for the central bank to be free of political influence while noting that climate change should not be a priority for monetary policymakers. On the corporate side, Microsoft came into the spotlight after announcing that it plans to invest $10 billion in OpenAI, the company behind the popular ChatGPT.

All three major US stock indexes were trading virtually flat on Tuesday as investors continued to assess the outlook for growth while digesting a slew of Fed speeches. Investors remained optimistic that China's reopening would boost growth prospects for the country and other economies despite some concerns that it could also trigger another wave of COVID-19 outbreaks. On the policy side, San Francisco Fed president Mary Daly noted that she expects interest rates to rise beyond 5% in 2023. Her Atlanta counterpart Raphael Bostic echoed a similar view by saying that policymakers should hike above 5% by early in the second quarter and hold rates there for a long time. Meanwhile, in a speech on Federal Reserve independence, Chair Jerome Powell emphasized the need for the central bank to be free of political influence while noting that climate change should not be a priority for monetary policymakers.

Stock futures contracts tied to the three major indices were trading were down roughly 0.5% on Tuesday, putting Wall Street to open lower as hawkish remarks from Federal Reserve officials threw some cold water into expectations that the Federal Reserve will be less aggressive. San Francisco Fed president Mary Daly noted that she expects interest rates to rise beyond 5% in 2023. Her Atlanta counterpart Raphael Bostic echoed a similar view by saying that policymakers should hike above 5% by early in the second quarter and hold rates there for a long time. Now, investors turn their attention to a speech from Fed Chairman Jerome Powell later today for clues on its policy tightening path. On the corporate side, Coinbase dropped more than 3% in premarket trading after announcing that it is cutting about a fifth of its workforce.

US stock futures were little changed in Asian trade on Tuesday after the major averages ended mixed during Monday’s regular session, as hawkish remarks from Federal Reserve officials brought down hopes that the central bank might dial back its aggressive monetary tightening. Futures contracts tied to the three major indexes all traded near breakeven. In regular trading on Monday, the Dow and S&P 500 erased early gains to end 0.34% and 0.08% lower, respectively, as Fed’s Mary Daly said she expects rates to rise somewhere above 5% and Fed’s Raphael Bostic noted that policymakers should hike above 5% by early in the second quarter and hold rates there for a long time. Meanwhile, the Nasdaq Composite managed to close 0.63% higher despite downward market pressure, helped by a strong rally in Tesla and other technology stocks. Investors now look ahead to key inflation data on Thursday, as well as Fed Chair Jerome Powell’s speech later in the global day.

US Futures Flat After Mixed Session

US stocks erased almost all gains in the last hour of trading on Monday, with the Dow Jones turning negative after rising more than 200 points and S&P trading near the flat line after hawkish comments from two Fed officials brought down hopes that the Federal Reserve might dial back its aggressive monetary tightening. Fed Mary Daly said she expects the central bank to raise rates to somewhere above 5% and Fed Raphael Bostic noted that policymakers should hike above 5% by early in the second quarter and then go on hold for a long time. Still, the Nasdaq keep a 0.5% gain pushed by the Tesla rally as investors took advantage of low valuations.

Wall Street Pares Gains

US stocks pared some gains on Monday, with the Dow Jones almost erasing a 200-point gain after hawkish comments from two Fed officials partially offset hopes that the Federal Reserve might dial back its aggressive monetary tightening. Fed Mary Daly said she expects the central bank to raise rates to somewhere above 5% and Fed Raphael Bostic noted that policymakers should hike above 5% by early in the second quarter and then go on hold for a long time. Still, the S&P 500 added more than 0.5% and the Nasdaq was 1.5% higher. On the corporate side, Bed Bath & Beyond jumped around 40% in another bout of extreme volatility ahead of the company's earnings report later this week. Bed Bath & Beyond warned last week that bankruptcy is likely due to a massive drop in sales.

Wall Street Pares Some Gains

The Dow added 100 points on Monday, while the S&P 500 and the Nasdaq 100 were up 0.5% and 1%, respectively, as hopes grew that the Federal Reserve might dial back its aggressive monetary tightening. Signs that inflation could be easing and concerns about an imminent recession prompted bets that the Federal Reserve would slow down the pace of interest-rate hikes in February and that it would even be cutting rates later this year. Adding to the cheaper mood was optimism around China's reopening after the world's second-largest economy announced more financial aid to households and companies to shore up growth while moving away from a strict Covid-Zero policy. On the corporate side, Bed Bath & Beyond jumped around 20% in another bout of extreme volatility after the WSJ reported that the company was preparing to file for bankruptcy within weeks.

Wall Street Enjoys Wave of Momentum

US stock futures tracking the broader market were up roughly 0.5% on Monday, putting Wall Street on track to start the week higher as hopes grew that the Federal Reserve might dial back it's aggressive monetary tightening. Signs that inflation could be easing and concerns about an imminent recession prompted bets that the Federal Reserve would slow down the pace of interest-rate hikes in February and that it would even be cutting rates later this year. Adding to the cheaper mood was optimism around China's reopening after the world's second-largest economy announced more financial aid to households and companies to shore up growth while moving away from a strict Covid-Zero policy. On the corporate side, Bed Bath & Beyond jumped roughly 20% in premarket trading in another bout of extreme volatility after the WSJ reported that the company was preparing to file for bankruptcy within weeks.

US stock futures edged higher on Monday after the major averages notched their biggest one-day gain so far this year during Friday’s session, as a slowdown in wage growth and a surprise contraction in services activity in the US tempered expectations that the Federal Reserve will continue to hike rates aggressively. Futures contracts tied to the three major indexes were all up at least 0.1%. In regular trading on Friday, the Dow gained 2.13%, the S&P 500 jumped 2.28% and the Nasdaq Composite rallied 2.56%, with all three benchmarks finishing the week higher. Nonfarm payrolls came in slightly higher than expectations, though wages increased at a slower pace than anticipated. ISM data also showed that services sector activity declined at the steepest pace since April 2020. Investors now look ahead to the December inflation report on Thursday, followed by big bank earnings on Friday.

US Futures Edge Higher After Friday’s Rally

US stocks closed sharply higher on Friday, lifting major equity indices enough to book strong weekly gains after a batch of economic data drove investors to ease expectations of aggressive monetary tightening by the Federal Reserve. US wage growth unexpectedly slowed in December and values from prior months were revised sharply lower. To add, ISM data showed that non-manufacturing business activity declined, while factory orders contracted well above expectations. Still, the jobs report showed that the US economy added more jobs than expected for the ninth consecutive month, adding to evidence of stubborn tightness in the US labor market. The Dow Jones added 700 points and the S&P 500 gained 2.3%, both notching gains of 1.4% on the first week of the year. In the meantime, the Nasdaq 100 outperformed and gained 2.8% in the session, rebounding after the hawkish signals from FOMC minutes as 10-year Treasury yields retreated 15bps.

Wall Street Rallies to Close Week Higher

The blue-chip Dow added more than 300 points on Friday, and the S&P 500 and Nasdaq 100 were up nearly 1% each, respectively,  after the latest jobs report showed weaker-than-expected wage growth, which helped ease some concerns about the pace of the Federal Reserve's interest rate rises. Still, the Labor Department's closely watched employment report showed that US employers hired more workers than expected in December, with nonfarm payrolls increasing by 223,000 jobs last month. Friday's US jobs report followed hawkish FOMC minutes, with policymakers reassuring markets that the tightening cycle is not over as inflation risks remain tilted to the upside. On the corporate side, Tesla plunged over 5% after the electric-car maker cut prices in China for the second time in less than three months. The Dow and the S&P 500 were virtually flat for the week, while the Nasdaq 100 lost roughly 1%.

Wall Street Rallies After Jobs Data

Stock futures contracts tied to the three major indices rose on Friday, putting Wall Street on track for a firm open as weaker-than-expected wage growth helped ease some concerns about the pace of the Federal Reserve's interest rate rises. Friday's US jobs report followed hawkish FOMC minutes, with policymakers reassuring markets that the tightening cycle is not over as inflation risks remain tilted to the upside. On the corporate side, Tesla plunged over 7% in premarket trading after the electric-car maker cut in China for the second time in less than three months. For the week, the blue-chip Dow is down roughly 0.7%, while the S&P 500 and Nasdaq 100 lost 1% and 2.4%, respectively.

US Stock Futures Rally After Jobs Report

Stock futures contracts tied to the three major indices swung between small gains and losses on Friday as investors refrained from opening new positions ahead of the highly anticipated monthly federal jobs report. Data released earlier this week, including stronger-than-forecasted ADP and JOLTs Job Openings figures and a drop in jobless claims, pointed to a still-tight labor market while putting pressure on the Federal Reserve to stick to its aggressive policy tightening. Now, all eyes are on the December nonfarm payrolls report later today, which will offer critical insight into the next move in interest rates and the health of the world's largest economy. On the corporate side, Tesla plunged almost 6% in premarket trading after the electric-car maker cut in China for the second time in less than three months. In regular trading on Thursday, the Dow fell 1%, the S&P 500 dropped 1.2%, and the Nasdaq Composite tumbled 1.5%.

US Stocks Waver Ahead of Jobs Report

US stock futures stabilized on Friday after the major averages closed sharply lower during Thursday's session, as investors look ahead to a key jobs report that could throw light on the Federal Reserve’s policy tightening path. Futures contracts tied to the three major indexes were all up at least 0.1%. In regular trading on Thursday, the Dow fell 1.02%, the S&P 500 dropped 1.17% and the Nasdaq Composite tumbled 1.47%, with ten out of 11 S&P sectors finishing in negative territory. Those moves came as data showed that US private companies added more jobs than expected in December, giving the central bank room to keep raising interest rates. The prospect of even tighter financial conditions fueled fears about a looming recession in the world’s largest economy. Investors now await the December jobs report which is expected to decelerate from the previous month, but a strong reading pointing to a resilient labor market will likely exacerbate rate hike concerns.

US Futures Steady Ahead of Key Jobs Report

US stocks closed sharply lower on Thursday as strong employment results added leeway for more interest rate hikes by the Federal Reserve. Data from ADP showed that 235 thousand private-sector jobs were added in December, well above estimates, while initial jobless claims surprised to the downside. The results further backed evidence of a stubbornly tight labor market after JOLTS Job Opening figures yesterday also surpassed expectations, backing the hawkish rhetoric unveiled in the FOMC’s latest meeting. Per the document, Fed policymakers warned markets to not expect a dovish pivot any time soon, adding that it hampers the transmission of monetary tightening. The Dow closed 300 points lower and the S&P 500 lost 1.2%. The rate-sensitive Nasdaq underperformed and lost and 1.4%, quickly approaching levels last seen in July 2020. Amazon fell over 2% after the e-commerce giant said it plans to shed more than 18,000 jobs, while Microsoft extended its selloff to slide nearly 8% this year.

Wall Street Tumbles on Further Tightening Jitters

The Dow lost more than 300 points on Thursday, and the S&P 500 and Nasdaq 100 were down 0.8% and 1.1%, respectively, as investors digested a slew of economic data and the latest Federal Reserve meeting minutes. Evidence that the job market remains tight, with stronger-than-forecasted ADP and JOLTs Job Openings figures, reinforced the narrative that the Federal Reserve will stick to its aggressive tightening. At the same time, initial jobless claims, the most timely snapshot of the labor market, came in below expectations. Minutes from the FOMC December meeting also echoed this view, with policymakers committed to pushing rates even higher and holding them at a restrictive level until there were clear signs that inflation was easing despite prospects of a domestic economic slowdown. On the corporate side, Amazon.com lost roughly 1% after the e-commerce giant said it plans to shed more than 18,000 jobs.

Wall Street Sell-off Resumes

Stock futures contracts tied to the three major indices were down roughly 0.5% on Thursday as investors digested a slew of economic data and the latest Federal Reserve meeting minutes. Evidence that the job market remains tight, with stronger-than-forecasted ADP and JOLTs Job Openings figures, reinforced the narrative that the Federal Reserve will stick to its aggressive tightening. At the same time, initial jobless claims, the most timely snapshot of the labor market, came in below expectations. Minutes from the FOMC December meeting also echoed this view, with policymakers committed to pushing rates even higher and holding them at a restrictive level until there were clear signs that inflation was easing despite prospects of a domestic economic slowdown. On the corporate side, the e-commerce giant Amazon.com plans to shed more than 18,000 jobs.

US Stock Futures Turn Negative

US stock futures tracking the broader market were virtually unchanged on Thursday, putting Wall Street on track for a muted open as investors digested the latest Federal Reserve meeting minutes while awaiting another slew of economic data. Policymakers were committed to pushing rates even higher and holding them at a restrictive level until there were clear signs that inflation was easing despite prospects of a domestic economic slowdown. Today, investors will be looking for initial jobless claims numbers for clues about the state of the job market ahead of the week's main event, the nonfarm payroll report on Friday. Meanwhile, optimism about China's reopening spurring global growth lent some optimism to bulls. On the corporate side, the e-commerce giant Amazon.com plans to shed more than 18,000 jobs.

US stock futures were little changed on Thursday as investors digested the latest Federal Reserve meeting minutes, which showed that officials highlighted the need to curb inflation without slowing the economy too much. Futures contracts tied to the three major indexes were all trading near breakeven. In regular trading on Wednesday, the Dow rose 0.4%, the S&P 500 gained 0.75% and the Nasdaq Composite climbed 0.69%, with all 11 S&P sectors finishing higher. Those moves came as policymakers indicated concern over the economy in the latest Fed minutes, but signaled that they would not be easing or cutting rates anytime this year. Investors also assessed data showing US manufacturing activity contracted for the second straight month in December, while job openings pointed to a resilient labor market in November. Investors now look ahead to the December jobs report on Friday, which will be the last employment report before the Fed meets in February.

US Futures Steady as Fed Minutes Mulled

US stocks closed marginally higher on a choppy Wednesday, as minutes from the December FOMC meeting confirmed policymakers’ previous signals that interest rates must continue to rise and remain elevated for this year. Officials also emphasized that investors should not interpret the slower 50bps rate hike as a dovish pivot, warning markets against pricing interest rate cuts this year. The Dow added 130 points, while the S&P 500 added 0.8% and 0.7%, respectively. In the meantime, PMI data showed that factory activity in the US contracted for a second straight month, adding to investors’ skepticism that the central bank can maintain high borrowing costs without major damage. Also, US job openings fell slightly to 10.5 million in December but remained at considerably high levels. Banks led the gains on the corporate front, while Microsoft tanked 5.3% after UBS downgraded the company's stocks to "neutral".

US Stocks Close Higher Despite Hawkish Minutes

The Dow added more than 100 points on Wednesday, while the S&P 500 and Nasdaq 100 were up roughly 0.5% each after minutes from the last Federal Reserve meeting showed officials agreed they had made significant progress in moving rates to a restrictive level. Still, the December minutes also revealed that policymakers see further increases ahead as inflation remains stubbornly high while assessing the effects of cumulative adjustment on the economy. On the data front, US job openings fell slightly to 10.5 million in December. However, they stayed at considerably high levels, suggesting that wages would increase further as companies try to attract workers. Meanwhile, Microsoft fell more than 4% after UBS downgraded the company's stocks to "neutral".

Wall Street Pares Some Gains After Fed Minutes

Volatility gripped US stocks on Wednesday, with the Dow advancing more than 250 points and the S&P 500 and Nasdaq 100 up roughly 1% each,  as investors digested mixed economic data ahead of the FOMC minutes. US job openings fell slightly to 10.5 million in December but remained at considerably high levels, suggesting that wages would increase further as companies try to attract workers. However, the ISM Manufacturing PMI fell for a second consecutive month to 48.4 in December 2022, the lowest since May 2020, adding to concerns about the health of the world's largest economy while sparking speculation about a less aggressive tightening. Now, the focus turns to minutes of the latest Fed policy meeting later today, which will offer critical insight into the next move in interest rates. Rate-sensitive companies, including Apple,  Facebook-parent Meta, and Tesla, were up between 2% and 4%. Meanwhile, Microsoft fell more than 4% after UBS downgraded the company's stocks to "neutral".

US Stocks Rise Ahead of Fed Minutes

Wall Street failed to hold its initial upside momentum on Wednesday, with all three major indexes crossing into negative territory as investors digested a slew of economic data while refraining from placing big bets ahead of the FOMC minutes. US job openings fell slightly to 10.5 million in December but remained at considerably high levels, suggesting that wages would continue to rise as companies try to attract workers. At the same time, the ISM Manufacturing PMI fell for a second consecutive month to 48.4 in December 2022, the lowest since May 2020, adding to concerns about the health of the world's largest economy. Now, the focus turns to minutes of the latest Fed policy meeting later today, which will offer critical insight into the next move in interest rates. On the corporate side, Microsoft fell more than 5% after UBS downgraded the company's stocks to "neutral". Salesforce also came under pressure after announcing that it would lay off 10% of staff.

US Stocks Turn Negative

The Dow added more than 100 points on Wednesday, while the S&P 500 and the Nasdaq 100 were up 0.6% and 0.8%, respectively,  as investors await a slew of data releases in the US calendar and the FOMC minutes for clues on the central bank's rate-hike path. Signs that global inflationary pressures may be peaking encouraged central banks to slow the pace of interest-rate hikes later last year while offering some relief to investors. Rate-sensitive companies, including Alphabet, Apple, and Facebook-parent Meta, were up between 1% and 2%. Now, minutes of the latest Fed policy meeting and JOLT job openings data later today will offer critical insight into the next move in interest rates and the health of the world's largest economy. In other corporate news, Microsoft fell more than 4% after UBS downgraded the company's stocks to "neutral". Salesforce also came under pressure after announcing that it would lay off 10% of staff.

Stock futures contracts tied to the three major indices were up roughly 0.5% on Wednesday, putting Wall Street on track to rebound as investors await a slew of data releases in the US calendar and the FOMC minutes for clues on the central bank's rate-hike path. Signs that global inflationary pressures may be peaking encouraged central banks to slow the pace of interest-rate hikes later last year while offering some relief to investors. However, as 2023 rolls out, the narrative starts changing from inflation and tightening to recession and sharp downward earnings revisions. Minutes of the latest Fed policy meeting and JOLT job openings data later today will offer critical insight into the next move in interest rates and the health of the world's largest economy. On the corporate side, Microsoft fell more than 2% in premarket trading after UBS downgraded the company's stocks to "neutral".

Wall Street Set to Open Slightly Higher

US stock futures were little changed on Wednesday after Wall Street started 2023 on a weak note, as concerns about further interest rate hikes, persistent inflation and a looming recession dominated sentiment at the start of the year. Futures contracts tied to the three major indexes fluctuated around the flatline. In regular trading on Tuesday, the Dow shed 0.03%, while the S&P 500 and Nasdaq Composite lost 0.4% and 0.76%, respectively, with six out of 11 S&P sectors finishing lower led by energy and technology. Tesla plunged 12.2% on Tuesday after the electric-vehicle maker missed its 2022 delivery target, while Apple dropped 3.7% following reports that the tech giant will cut production due to weak demand. Investors now look ahead to the latest Federal Reserve policy meeting minutes on Wednesday that could guide the rates outlook, as well as the December jobs report on Friday.

US Futures Muted After Downbeat Session

Major US stock indices failed to sustain early gains and closed in the red on Tuesday, the first trading day of the year, amid persistent concerns that the Federal Reserve will continue to raise interest rates and hurt growth to bring inflation down to its target. The Dow erased a near 200-point gain and closed below the flatline and the S&P 500 lost 0.4% as the 4% decline in crude oil prices pressured energy giants. In the meantime, the Nasdaq 100 underperformed and dropped 0.7%, remaining under pressure after sliding 33% in 2022 as aggressive monetary tightening continues to hit the rate-sensitive tech sector. Tesla plummeted 12% after the electric-vehicle maker missed its 2022 delivery target, and Apple dropped 4% after reports that the tech giant will cut production due to weak demand. Now, investors' focus turns to minutes of the latest Fed policy meeting on Wednesday, which may provide insight into where the pain threshold lies for Fed officials.

US Stocks Start Year on Sour Note

The Dow erased an almost 200-point gain to cross into negative territory on Tuesday, the first trading day of 2023, while the S&P 500 and the Nasdaq fell 0.6% and 0.8%, respectively, as volatility continued to grip equities. Investors remained concerned over the prospect of a recession and a hit to corporate earnings from the Federal Reserve's aggressive policy tightening moves to suppress inflation. On the corporate side, Tesla dropped more than 10% after the electric-vehicle market missed its 2022 delivery target. Apple dropped roughly 3% on headlines suggesting that the tech giant will cut production due to weak demand. Now, investors' focus turns to minutes of the latest Fed policy meeting on Wednesday, which may provide insight into where the pain threshold lies for Fed officials, who are still somewhat hawkish despite evidence of cooling inflation and sluggish growth.

Wall Street Fails to Hold Gains

The Dow added roughly 100 points on Tuesday, while the S&P 500 and Nasdaq rallied 0.5% and 0.9%, respectively, buoyed by some dip-buying strategies while fading Treasury yield brought some respite to tech and other high-growth stocks. Still, volatility is expected to remain elevated amid growing concerns that an aggressive tightening from the Federal Reserve will tip the US economy into a recession later this year. Minutes of the latest Fed policy meeting on Wednesday may provide insight into where the pain threshold lies for Fed officials, who are still somewhat hawkish despite evidence of cooling inflation and sluggish growth. On the corporate side, Tesla dropped more than 5% after the electric-vehicle market missed its 2022 delivery target.

US Stocks Start 2023 on Bright Note

Stock futures contracts tied to the three major indices were up roughly 0.5% on Tuesday, the first trading day of 2023, as investors continued to assess the outlook for monetary policy and economic growth. A dismal 2022 prompted investors to take advantage of lower valuations while rebalancing their portfolios to cope with the current environment of fading  Treasury yields. Still, volatility is expected to remain elevated amid growing concerns that an aggressive tightening from the Federal Reserve will tip the US economy into a recession later this year. Minutes of the latest Fed policy meeting on Wednesday may provide insight into where the pain threshold lies for Fed officials, who are still somewhat hawkish despite evidence of cooling inflation and sluggish growth. On the corporate side, Tesla dropped 5% in premarket trading after the electric-vehicle market missed its 2022 delivery target.

US stock futures fell on Tuesday ahead of the first trading day of 2023, as investors continued to assess the outlook for monetary policy and economic growth. Dow futures dropped 0.2%, while S&P 500 and Nasdaq 100 futures declined 0.3% and 0.4%, respectively. The major averages suffered heavy losses in 2022 as the Federal Reserve embarked on a historic tightening campaign to combat surging inflation. The Dow lost 8.8% last year, the S&P 500 tumbled 19.4% and the tech-heavy Nasdaq Composite plunged 33.1%, with US stocks posting their worst annual performances since 2008. Investors now look ahead to a raft of economic data this week, including US manufacturing PMI data on Tuesday, the latest Fed policy meeting minutes on Wednesday and the December jobs report on Friday. The prospect of further Fed rate hikes that could push the economy into recession this year remains a top concern among investors.

US Futures Fall to Kick Off the New Year

US stocks ended a dismal year on a sour note with the Dow closing 80 points down, while the S&P 500 and Nasdaq fell 0.3% and 0.1%, respectively, as investors continued to assess the outlook for growth and tighter monetary policy worldwide. The Dow fell 8.8% in 2022, while the S&P 500 and Nasdaq 100 plunged 19.5% and 33.3%, respectively, marking Wall Street’s worst annual performance since 2008. Governments and central banks grappled with stubbornly high inflation arising from years of loose monetary policy and the fallout from Russia’s war in Ukraine. The sharp declines in global equities worldwide wiped out nearly one-fifth of the capitalization of global stocks, preceding largely pessimistic expectations for next year as central banks signaled further aggressive monetary tightening to rein in unstable price growth, ultimately leading to job losses and downward earnings revisions. In December, the Dow lost 4.2%, the S&P 500 lost 5.9%, and the Nasdaq 100 dropped 9%.

US Stocks Book Worst Year Since 2008, Nasdaq Plunges 33%

The Dow lost over 100 points on Friday, and the S&P 500 and Nasdaq 100 were down 0.7% and 1.1%, respectively, with investors reassessing the outlook for growth and monetary policy after a dismal year that could mark Wall Street’s worst annual performance since 2008. Governments and central banks grappled with stubbornly high inflation arising from years of ultra-ease monetary policy and the fallout from Russia’s war in Ukraine. At the same time, it is now widely expected that the developed world is heading for a severe recession in 2023 amid an aggressive tightening from major central banks to rein in such price growth, ultimately leading to job losses and downward earnings revisions. For December, the Dow is currently down around 4.4%, the S&P 500 lost 6.4%, and the Nasdaq 100 dropped 10.2%. Regarding 2022, the Dow is down 8.9%, while the S&P 500 and Nasdaq 100 plunged 19.7% and 33.5%, respectively.

Wall Street Heads for Worst Year Since 2008

Stock futures contracts tied to the three major indices were down roughly 0.5% on Friday, the last trading day of 2022, with investors reassessing the outlook for growth and monetary policy after a dismal year that could mark Wall Street’s worst annual performance since 2008. Governments and central banks grappled with stubbornly high inflation arising from years of ultra-ease monetary policy and the fallout from Russia’s war in Ukraine. At the same time, it is now widely seen that the developed world is heading for a severe recession in 2023 amid an aggressive tightening from major central banks to rein in such price growth, ultimately leading to job losses and downward earnings revisions. For December, the Dow is currently down around 4.4%, the S&P 500 lost 6.4%, and the Nasdaq 100 dropped 10.2%. Regarding 2022, the Dow is down 8.9%, while the S&P 500 and Nasdaq 100 plunged 19.7% and 33.5%, respectively.

US stock futures inched lower on Friday after the major averages rallied during Thursday’s regular session, as investors prepare for the last trading day of the year which is on track to be Wall Street’s worst annual performance since 2008. Futures contracts tied to the three major indexes were all down about 0.1%. In regular trading on Thursday, the Dow gained 1.05%, the S&P 500 jumped 1.75% and the Nasdaq Composite rallied 2.59%, with all 11 S&P sectors finishing higher led by communication services, technology and consumer discretionary. Analysts attributed Thursday’s rally to a normal bounce after the market extended to the downside. The major averages are set to close out their worst year since 2008, as persistently high inflation and aggressive rate hikes from the Federal Reserve triggered a sharp selloff in risk assets. So far this year, the Dow is down 8.58%, while the S&P 500 and Nasdaq Composite plunged 19.24% and 33.03%, respectively.

US Futures Ease as 2022 Draws to a Close

Major US stock indices booked gains on Thursday after cooler jobs data eased fears that the Federal Reserve will have to raise interest rates aggressively to tame a stubbornly tight labor market. Initial jobless claims rose from the last week to 225,000 on the week ending December 24th and continuing claims crossed 1.7 million in the week ending December 17th, the most since early February. The Dow Jones closed 350 points higher at 33,220 and the S&P 500 added 1.7%. In the meantime, the Nasdaq outperformed its peers and jumped 2.6%, rebounding from the 29-month low from the last session as Treasury yields retreated. Tesla rose almost 8%, while other tech titans Microsoft, Amazon, Apple, Alphabet, and Meta rose over 3%. Still, the reopening of the Chinese economy has kept investors in a cautious mood. On one hand, the reopening is seen as boosting global growth, but concerns of renewed coronavirus outbreaks and fears of further inflationary pressure remain.

US Stocks Rebound Sharply

The Dow added more than 100 points on Thursday, while the S&P 500 and Nasdaq 100 added 0.7% and 0.9%, respectively, helped by some bargain-hunting for beaten-down technology stocks. Tesla rose almost 5%, while other tech titans, including Microsoft, Amazon.com, and Apple, were up between 1% and 3%. Still, the reopening of the Chinese economy has kept investors in a cautious mood. On the one hand, the reopening is seen as boosting global growth, but on the other, it led to renewed coronavirus outbreaks and fears of further inflationary pressures. On the data front, first-time filings for unemployment benefits rose by 9K to 225K in the week ending December 24, the second consecutive week of increases, which could be a sign of a cooling labor market. For December, the Dow is currently down 4.5%, while the S&P 500 and Nasdaq 100 lost 6.8% and 10.7%, respectively, setting the three benchmarks up for their worst annual performances since 2008.

技术分析

大家都在看

最新分析

罗贝贝

马斯克卸任众望所归，特斯拉股价无力起飞

罗贝贝

特斯拉股价日涨11%，财报究竟是有多好？

Peter Pan

黄金价格回到趋势线支撑，短线看涨

Ken Zheng

下周整体黄金趋势预测

Gary Hsieh

軍火之王，修正到重要支撐附近，伺機作多

Peter Pan

四十年最大反垄断诉讼，谷歌面临拆分危机