Overnight News and Futures
Futures are up again, with the tech sector leading the charge and small-caps lagging, mirroring the trend observed following the Powell press conference despite small-caps leading for most of the session.
Overnight News and Futures
Futures are up again, with the tech sector leading the charge and small-caps lagging, mirroring the trend observed following the Powell press conference despite small-caps leading for most of the session.
Thursday Market Update
Futures are up again, with the tech sector leading the charge and small-caps lagging, mirroring the trend observed following the Powell press conference despite small-caps leading for most of the session.
Friday Market Update
On Thursday, the stock market hit its 4th consecutive record and 30th All Time High, despite poor performance in individual stocks, with more than two-thirds of the S&P 500 closing in the red. By 8:00 am ET today, S&P futures were down 0.5%, although they had recovered from earlier lows, while Nasdaq futures, which had reached a fresh all-time high despite over 70% of its components trading lower, were down 0.2%.
PPI Release – Less than expected
After a softer-than-expected CPI report yesterday led to a buying frenzy in both stocks and bonds (until Powell intervened), this morning’s PPI report is anticipated to show mixed results, with a smaller month-over-month (MoM) increase but a higher year-over-year (YoY) rise, exceeding the 12-month highs reached in the previous month.