Headline News: Wall Street is set for a lower open on the year’s last trading day. Trading volume is expected to be thin, with many participants taking the day off for the new year. Several markets in Asia and Europe were closed today, while others closed early. The U.S. stock market will be open for… Read More
Headline News: Wall Street is set for a flat open as Omicron cases in the U.S hit record highs. However, investors appear encouraged by reports the variant has a lesser chance of hospitalization than the Delta variant. Almost 900,000 cases were detected on average between December 22-28, and countries worldwide are also posting a record-high… Read More
Headline News: Wall Street is set to open higher for the fifth day in a row as investors continue to look past Omicron travel delays and store closings. However, recent data has shown that the Omicron variant is less several than initially thought; new medicines to fight the variant have come to the market. Markets:… Read More
Headline News: U.S. stock futures are set to open higher after reports showed the omicron virus has a lower risk of hospitalization. Also, the jobless claims for the week ended December 18th came in as expected at 205,000, while durable goods for November rose 2.5% vs. estimates of 1.5%. The Commerce Department also reported that… Read More
Headline News: Wall Street is set for a lower open after the U.S. economic growth slowed in the third quarter. The Commerce Department reported GDP increased at a 2.3% annualized rate. The rise in COVID-19 cases was cited as the growth rate came in at the slowest since the second quarter of 2020. Later today,… Read More
Headline News: Wall Street is set for a higher open after two positive earnings reports. Nike (NKE) rose 3.5% after beating quarterly estimates for profits and revenues, and the company sounded confident the supply chain problem could let up soon. Micron Technology (MU) rose 8% after forecasting second-quarter solid earnings and beating quarterly profit and… Read More
Headline News: Wall Street is set for a lower open as investors deal with a surge in Covid cases and changes in the Fed’s monetary policy. According to CDC data, there have been 150,000 cases of omicron reported in the United States. Fears of renewed lockdowns causing an economic slowdown while inflation remains high had… Read More
Headline News: Wall Street is set for a flat open as investors await the Federal Reserve monetary policy decision later today. Fed Chairman Jerome Powell will hold a news conference at 2:30 p.m. today, and he is expected to announce an acceleration of the tapering of its bond-buying program. Meanwhile, U.S. retail sales increased less… Read More
Headline News: Wall Street is set for lower open after new inflation data showed a rise in producer prices. Wholesale prices increased at the fastest pace ever in November, with the producer price index rising 9.6% year over year. Excluding food and energy, the core PPI increased 6.9% year over year. Investors appear to be… Read More
Headline News: Wall Street is set for a higher open despite inflation rising at the fastest pace since 1982. The Labor Department’s CPI report rose 0.8% for the month and 6.8% year over year. Food and energy prices, core CPI, were up 0.5% for the month and 4.9% year over year. Investors appear to feel… Read More