Tesla buys from 240

Another stack up on DJ30 from support

Rising Wedge

Rising Channel

Descending Triangle

Breakout and retest at 182 on GBPJPY

Gold in a range to drop down

USDCAD 1.3520 shorts

DJ30 on a major weekly level

LONG ON USDCAD

Flag and Pole

Start Booking and Shift to DOMINION

Opportunity Ahead

Falling Parallel Channel

Apple still bullish

GBPJPY buys from the support level at 181.25

Range Bound

Rectangle Pattern

Falling Trend Line

Falling Wedge

Keeping the trend alive

EURUSD still bearish

Link stacks from 6.63

Lets stack Ripple at 0.5040

Book Partial

Book Full Profit

Flag And Pole

Ranging shorts on Ethereum

Bitcoin another drop down

Double Top Formation

Rising Parallel Channel

RISING WEDGE

Apple 9% trade setup

EURJPY sells from 158.50

Still checking on AUDUSD

Massive drop on DJ30

SHORT ON GBPCAD AS CAD GAINS STRENGTH

Symmetric Pattern

Rising Trend Line Breakout

Lets short gold from a premium level

AUDUSD buys from 0.6410

Dear GBPJPY, show us some love

Starbucks Falling Wedge

EURUSD is still still bearish

Trendline breakout buy on gold

Chainlink to the moon!

Betting on inverse head and shoulders on Ethereum

Ascending Triangle

Finally some push on Ripple

BTC nearing for a short sell

Cup and Handle Breakout

Long time no see USDCAD

EURUSD sells from 1.0690

Book 50% profit and trail sl to 243

Hard bound DJ30

GBPUSD bearish trend

We are shorting gold till 1880

Falling Wedga

Cup And Handle

Did you get in on GBPJPY?

Nasdaq another attempt on shorts

EURUSD buys from 1.0690

GBPJPY bullish on higher time frames

Gold in a range bound market to continue moving down

Ripple to be bullish from support

What a bullish trap on BITCOIN

Start Booking

US stocks were lower on Wednesday, with the Dow Jones losing more than 100 points while both the S&P 500 and the Nasdaq fell around 0.5%. Concerns resurfaced that interest rates in the US will remain elevated for some time as fresh data continues to point to a resilient economy. The ISM Services PMI unexpectedly jumped to 54.5 in August, pointing to the strongest growth in the services sector in six months, well above forecasts of 52.5. At the same time, oil prices hold near November highs, which raised further concerns about a rise in inflation. Consumer discretionary, health, and tech shares were among the worst performers. Apple shares lost more than 2% after reports that China had ordered officials at central government agencies to not use iPhones and other foreign-branded devices for work. Also, the European Commission designated Amazon, Apple, Alphabet, Meta, Microsoft, and China’s ByteDance as “gatekeepers” under its new Digital Markets Act.

US Stocks Trade Lower

US stocks were lower on Wednesday, with the Dow Jones losing more than 100 points while both the S&P 500 and the Nasdaq fell around 0.4%. Concerns resurfaced that interest rates in the US will remain elevated for some time as fresh data continues to point to a resilient economy. Final S&P Global Services PMI and the ISM Services PMI due today will be keenly watched for further clues on how the US economy is doing. At the same time, oil prices hold near November highs, which raised further concerns about a rise inflation. Consumer discretionary, health and tech shares were among the worst performers. Apple shares lost about 1% after reports that China had ordered officials at central government agencies to not use iPhones and other foreign-branded devices for work. Also, the European Commission designated  Amazon, Apple, Alphabet, Meta, Microsoft and China’s ByteDance as “gatekeepers” under its new Digital Markets Act.

US Stocks Lower

Stock futures in the US were lower on Wednesday, with contracts on the Dow Jones falling about 70 points while both the S&P 500 and Nasdaq 100 futures lost nearly 0.2%. Concerns resurfaced that interest rates in the US will remain elevated for some time as fresh data continues to point to a resilient economy. Final S&P Global Services PMI and the ISM Services PMI due today will be keenly watched for further clues on how the US economy is doing. At the same time, oil prices hold near November highs, which raised further concerns about a rise inflation. On the corporate front, Shares of Apple were under pressure before the bell after reports that China had ordered officials at central government agencies to not use iPhones and other foreign-branded devices for work.

US Stocks Set for Lower Open

US stock futures were little changed on Wednesday after the major averages ended lower during Tuesday’s regular session, as higher oil prices and global economic uncertainties weighed on sentiment. In extended trading, Gitlab, Gogo and AeroVironment advanced on upbeat corporate updates, while Zscaler and Asana tumbled despite strong quarterly reports. In regular trading on Tuesday, the Dow fell 0.56%, the S&P 500 lost 0.42% and the Nasdaq Composite shed 0.08%, with 8 out of the 11 S&P sectors ending lower led to the downside by materials, industrials and utilities. Meanwhile, energy and technology firms outperformed the market. Those moves came as oil prices jumped after Saudi Arabia and Russia extended their voluntary supply cuts, sending the energy sector higher but stoking fears of stronger inflation. Rising treasury yields also pressured equities.

US Futures Flat After Losing Session

The Dow Jones finished 195 points lower on Tuesday, and the S&P 500 lost 0.4% and the Nasdaq closed slightly below the flatline, pressured by higher crude oil prices and concerns about the global economy growth following PMI for China pointed to slowest expansion in China’s services output in 8 months. The risk-off mood sent the dollar to March level highs while Treasury yields continued to edge up as the US economy remains resilient. Meanwhile, oil prices jumped after Saudi Arabia and Russia announced to extend their supply cuts, sending the energy sector higher as shares of Occidental Petroleum, Permian Resources and Liberty Energy added 2.5%, 1.3% and 7.6%. Also, Chevron rose by 1.3%. In corporate news, Airbnb and Blackstone climbed 7.2% and 3.6%, respectively, after news that the companies will join the S&P 500 on Sept. 18. Tesla advanced 4.7% following reports that production at the electric vehicle maker’s manufacturing plant in Shanghai rebounded in August.

Wall Street Ends Lower

The Dow Jones was trading nearly 100 points lower on Tuesday afternoon, and the S&P 500 was down 0.2% while the Nasdaq added 0.1%, pressured by higher crude oil prices and concerns about the global economy growth following PMI for China pointed to slowest expansion in China’s services output in eight months. The risk-off mood sent the dollar to March level highs while Treasury yields continued to edge up as the US economy remains resilient. Meanwhile, a jump in oil prices after Saudi Arabia and Russia extended their supply cuts until December sent the energy sector to the top, limiting the losses of the session. Among stocks, Airbnb and Blackstone climbed 7.8% and 4%, respectively, after news that the companies will join the S&P 500 on Sept. 18. Tesla advanced 5.2% following reports that production at the electric vehicle maker’s manufacturing plant in Shanghai rebounded in August.

Dow and S&P 500 Fall

US stocks fell on Tuesday, with the Dow Jones down nearly 50 points and both the S&P 500 and the Nasdaq losing about 0.2%. Traders were cautious after disappointing PMIs for China and Europe raised concerns about the health of the global economy. The risk-off mood sent the dollar higher while Treasury yields continued to edge up as the US economy remains resilient. Factory orders for the US fell less than expected last month. Meanwhile, concerns the Fed would need to keep interest rate higher for a long period persist, even after Fed Governor Waller stated that "there's nothing that is saying we need to do anything imminent anytime soon, so we can just sit there, wait for the data, see if things continue". Industrials, materials and utilities were the worst performers while the energy sector was a bright spot as oil prices surged after Saudi Arabia and Russia announced further curbs.

US stocks lack direction to kick off a holiday-shortened week, with the Dow Jones trading around the flatline, while the S&P 500 fell nearly 0.1% and the Nasdaq lost 0.3%. Traders were cautious after disappointing PMIs for China and Europe raised concerns about the health of the global economy. The risk-off mood sent the dollar higher while Treasury yields continued to edge up as the US economy remains resilient. On the other hand, investors welcomed comments from Fed Governor Christopher Waller on the Fed's interest rate trajectory during an interview with CNBC. Waller stated that "there's nothing that is saying we need to do anything imminent anytime soon, so we can just sit there, wait for the data, see if things continue". On the corporate front, shares of Airbnb and Blackstone added 6.8% and 3.4%, respectively, as the companies were set to join the S&P 500 index.

US Stocks Mixed

Dow Jones futures traded around the flatline while contracts on the S&P 500 lost about 0.2% and the Nasdaq 100 fell 0.5% on Tuesday to start a holiday-shortened week. Traders were cautious after disappointing PMIs for China and Europe raised concerns about the health of the global economy. The risk-off mood sent the dollar higher while Treasury yields continued to edge up as the US economy remains resilient. Traders now await further economic data for the US including factory orders and the ISM Services PMI this week for further updates. On the corporate front, shares of Airbnb and Blackstone BX.N added 5.2% and 4.3%, respectively, in premarket trading as the companies were set to join the S&P 500 index.

US Futures Point to Lower Open

US stock futures were muted on Tuesday to start the holiday-shortened week, while investors look for fresh cues that could fuel the recent market rally further. Last week, the Dow and Nasdaq Composite gained 1.4% and 3.3%, respectively, notching their best performances since July. The S&P 500 also added 2.5% for its best week since June. Those gains came as a slowing economy and easing inflationary pressures in the US raised hopes that the Federal Reserve won’t need to raise interest rates further. The latest US nonfarm payrolls report showed the unemployment rate increased to 3.8% in August, the highest since February 2022 and above forecasts of 3.5%. ISM data also showed that US manufacturing activity improved in August, but stayed contractionary for the tenth consecutive month.

US Futures Muted to Start the Week

The Dow Jones closed 116 points higher on Friday, the S&P 500 added almost 0.2% and while the Nasdaq finished marginally lower, following job data that showed the labor market is cooling, to give Fed room to pause the tightening cycle. The US economy added 187K jobs, exceeding market expectations of 170K but following a 110K downward revision to the prior two months of payrolls. Also, the jobless rate rose to 3.8%, the highest since February 2022 and above forecasts of 3.5%. Meanwhile, the ISM report showed the manufacturing downturn eased more than anticipated in August pressuring tech companies. Tesla fell by 5% after the EV maker cut prices for two of its models in the US. On the earnings front, Dell Technologies, MongoDB, and Lululemon jumped 21.1%, 3%, and 6%, respectively on better-than-expected quarterly results. On the other hand, Broadcom fell by 5.5% and VMware lost 2.8% on disappointing updates. On the week, the Dow is up 0.6% so far, the S&P 500 1.9% and the Nasdaq 2.6%.

Wall Street Ends Mixed, Books Weekly Gains

US stocks were little changed on Friday afternoon, with the Dow Jones up 50 points while the S&P 500 and the Nasdaq were trading near flatline, following job data that showed the labor market is cooling, to give Fed room to pause the tightening cycle. The US economy added 187K jobs, exceeding market expectations of 170K but following a 110K downward revision to the prior two months of payrolls. Also, the jobless rate rose to 3.8%, the highest since February 2022 and above forecasts of 3.5%. Meanwhile, the ISM report showed the manufacturing downturn eased more than anticipated in August pressuring tech companies. Tesla fell by 4.3%, Nvidia declined 1.5%. On the earnings front, Dell Technologies, MongoDB, and Lululemon were up 21%, 4%, and 5%, respectively on better-than-expected quarterly results. On the other hand, Broadcom fell by 5% and VMware was down 2.5% on disappointing updates. On the week, the Dow is up 0.5% so far, the S&P 500 1.7% and the Nasdaq 2.5%.

US Stocks Little Changed after Job Data

US stocks fell after a positive open on Friday, due to a decline in major tech companies after the ISM report showed the manufacturing downturn eased more than anticipated in August. Tesla fell by 4%, Nvidia declined almost 2%, and Amazon went down 0.5%. Apple, Microsoft and Meta were up by less than 0.5%. Meanwhile, the latest jobs report showed the economy added 187,000 jobs, exceeding market expectations of 170,000 but following a 110K downward revision to the prior two months of payrolls. Also, the jobless rate rose to 3.8% in August, the highest since February 2022 and above market expectations of 3.5%. In corporate headlines, Dell Technologies, MongoDB, and Lululemon were up 23%, 6%, and 4%, respectively on better-than-expected quarterly results. On the other hand,  Broadcom fell by 6% and VMware was down almost 3% on disappointing updates. On the week, the Dow is up 1.1% so far, the S&P 500 2.2% and the Nasdaq 3.2%.

US Stocks Pare Gains

The Dow Jones added around 150 points on Friday, while the S&P 500 and the Nasdaq gained 0.4% and 0.3%, respectively, driven by the expectation that a surprisingly sharp increase in the August unemployment rate would discourage the Federal Reserve from further tightening monetary policy. The jobless rate rose to 3.8% in August, the highest since February 2022 and above market expectations of 3.5%. Meanwhile, the economy added 187,000 jobs, exceeding market expectations of 170,000 but following a 110K downward revision to the prior two months of payrolls. Stocks of MongoDB and Dell Technologies soared by over 6% and 20%, respectively, on better-than-expected earnings results. Lululemon's shares were more than 2% higher following an upbeat guidance and surpassing analyst estimates. On the other hand, Broadcom fell by 4% and VMware was down almost 2% on disappointing updates. On the week, the Dow is up 1.5% so far, the S&P 500 2.6% and the Nasdaq 3.3%.

US Stocks End the Week With Gains

US stock index futures extended gains on Friday, driven by the expectation that a surprisingly sharp increase in the August unemployment rate would discourage the Federal Reserve from further tightening monetary policy. The US unemployment rate rose to 3.8% in August from 3.5% in July, the highest since February 2022 and above market expectations of 3.5%. Meanwhile, the economy added 187,000 jobs, exceeding market expectations of 170,000. In pre-market trading, stocks of MongoDB and Dell Technologies soared by over 5% and 10%, respectively, on better-than-expected earnings results. Lululemon's shares were more than 2% higher following an upbeat guidance and surpassing analyst estimates. On the other hand, Broadcom fell by nearly 4% and VMware was down almost 1% on disappointing updates. On Thursday, the Dow Jones lost 0.5% and the S&P 500 retreated 0.2%, while the Nasdaq Composite edged up 0.1%.

US Futures Extend Gains after Jobs Report

Stock futures contracts tied to the Dow Jones rose more than 100 points on Friday, while those linked to the S&P 500 and Nasdaq 100 were up roughly 0.3% each, driven by expectations that the upcoming August jobs report would continue to show signs of a slight slowdown in the US labor market. US nonfarm payrolls likely increased by 170K last month, the lowest gain since December 2020. In pre-market trading, stocks of MongoDB and Dell Technologies soared by over 5% and 10%, respectively, on better-than-expected earnings results. Lululemon's shares were more than 2% higher following an upbeat guidance and surpassing analyst estimates. On the other hand, Broadcom fell by nearly 4% and VMware was down almost 1% on disappointing updates. On Thursday, the Dow Jones lost 0.5% and the S&P 500 retreated 0.2%, while the Nasdaq Composite edged up 0.1%.

US Futures Rise Ahead of Key Jobs Report

US stock futures steadied on Friday after the major averages ended mixed during Thursday’s regular session, while investors look ahead to the August payrolls report that could guide the economic and interest rate outlook in the US. In extended trading, MongoDB, Dell Technologies and Lululemon Athletica gained on better-than-expected quarterly results, while Broadcom and VMware fell on disappointing corporate updates. In regular trading on Thursday, the Dow and S&P 500 lost 0.48% and 0.16%, respectively, while the Nasdaq Composite edged up 0.11%. Those moves came as investors took some profits off the table following a string of positive sessions, while awaiting more cues on the rates path. The major averages also booked losses for the month of August, with the Dow falling 2.36%, while the S&P 500 and Nasdaq Composite tumbled 1.77% and 2.17%, respectively.

US Futures Steady Ahead of Key Jobs Report

The Dow Jones finished 169 points lower on Thursday, the S&P 500 lost 0.1% while the Nasdaq gained 0.1% to book its fifth session of gains. Investors await tomorrow’s jobs report for insights on the monetary policy future path, while the latest economic data backed expectations that the Federal Reserve may refrain from hiking rates further this year. The core PCE price index edged 0.2% higher in July, extending disinflation hopes from the latest CPI report. Additionally, job cuts from August surged over 200% from the previous month, aligned with soft labor data released this week ahead of tomorrow’s NFP report. In corporate news, Salesforce jumped 2.9% after its quarterly results surpassed estimates. Cannabis stocks popped after the news of  easing restrictions on marijuana recommended by the Department of Health and Human Services. Conversely, Dollar General shed 12.2% on missing its June-quarter earnings.

Wall Street Ends Mixed

US stocks were little changed on Thursday afternoon, with investors awaiting tomorrow’s jobs report for insights on the outlook for Federal Reserve policy. The S&P 500 was up by 0.2% and the Nasdaq gained 0.4% both poised to extend gains for the fifth session, while the Dow Jones was trading slightly in the red. The latest economic data backed expectations that the Federal Reserve may refrain from hiking rates further this year. The core PCE price index edged 0.2% higher in July, extending disinflation hopes from the latest CPI report. Additionally, job cuts from August surged over 200% from the previous month, aligned with soft labor data released this week ahead of tomorrow’s NFP report. In corporate news, Salesforce jumped 3% after its quarterly results surpassed estimates. Cannabis stocks popped after the news of  easing restrictions on marijuana recommended by the Department of Health and Human Services. Conversely, Dollar General shed 13% on missing its June-quarter earnings.

Wall Street Little Changed Ahead of Job Data

USNDX increased to a 4-week high of 15525

The Nasdaq 100 Hit 4-week High

Major US stock indices advanced on Thursday, set to extend gains for a fifth consecutive session as the latest economic data backed expectations that the Federal Reserve may refrain from hiking rates further this year. The core PCE price index edged 0.2% higher in July, marking the lowest back-to-back rise in over two years and extending disinflation hopes from the latest CPI report. Additionally, job cuts from August surged over 200% from the previous month, aligned with soft labor data released this week ahead of tomorrow’s NFP report. The Dow Jones added 150 points, outperforming other benchmarks amid a 5% surge for Salesforce after the company upgraded profit forecasts. The S&P 500 added a softer 0.3% increase, while the Nasdaq extended yesterday’s outperformance with support from another strong session for Treasury securities.

Wall Street Eyes 5th Consecutive Advance

US stock futures pointed to a higher open on Thursday, set to extend gains for a fifth consecutive session as markets continued to digest corporate earnings and assess the latest economic data for hints on the Federal Reserve’s upcoming policy decisions. The Dow was 0.5% higher in pre-market trading, while the S&P 500 added 0.4% and the Nasdaq hovered above the flatline. Investors still expect the Fed to hold rates at 5.5% next month after its preferred inflation gauge, the core PCE price inflation, was at 0.2% in July and remained unchanged from the prior month’s seven-month low, marking the smallest back-to-back increase in over two years. Additionally, personal spending surpassed estimates at a 0.8% monthly growth rate, underscoring resilience from the US consumer and raising hopes that the US economy will refrain from contracting. Salesforce surged in pre-market trading after upgrading profit forecasts, although Palantir sank after being downgraded by Morgan Stanley.

Wall Street Futures Advance on Thursday

US stock futures were little changed on Thursday after the major averages advanced for the fourth straight day during Wednesday’s regular session. In extended trading, Salesforce jumped about 6% after the software firm reported better-than-expected second quarter results and third quarter guidance. In regular trading on Wednesday, the Dow rose 0.11%, the S&P 500 gained 0.38% and the Nasdaq Composite advanced 0.54%, with 9 out of the 11 S&P sectors ending higher led to the upside by technology, energy and industrials. Those moves came as weaker-than-expected US data suggested the Federal Reserve could be done with policy tightening, boosting equities. Updated GDP figures showed the US economy grew less than previously thought in the second quarter and job creation slowed more than expected in August according to ADP. Investors now look ahead to July personal consumption expenditures and weekly jobless claims data on Thursday.

US Futures Flat After 4-Day Winning Streak

Major US stock indexes closed higher on Wednesday, as investors digested fresh economic data that could persuade the US Federal Reserve to stop raising interest rates in September. The Dow Jones finished 38 points higher, while the S&P 500 and the Nasdaq added 0.4% and 0.5%, respectively lifted by Nvidia and 
Apple. The Updated GDP figures showed the US economy grew less than previously thought in the second quarter and job creation slowed more than expected in August, according to ADP.  Also, PCE price indexes rose less than previously anticipated. On the corporate front,  shares of Nvidia rose 1% and  Apple gained 1.9%, after the company sent invitations to unveil the iPhone 15 on Sept. 12. Also, Insulet added 6.4% after its chief executive increased his personal stake in the company by 19.4%. Conversely, Hewlett-Packard tumbled 6.6% after the company lowered its full-year cash flow and profit outlook. Now, investors await the release of the monthly US jobs data scheduled for Friday.

Wall Street Posts 4-Session Winning Streak

The S&P 500 and the Nasdaq were up by 0.3% and 0.5%, respectively on Wednesday afternoon, extending gains for the fourth session boosted by Nvidia and Apple, while the Dow Jones swung near the flatline. Investors were digesting fresh economic data that could persuade the US Federal Reserve to stop raising interest rates in September. The Updated GDP figures showed the US economy grew less than previously thought in the second quarter and job creation slowed more than expected in August, according to ADP.  Also, PCE price indexes rose less than previously anticipated. On the corporate front, shares of Nvidia rose 1.5% and  Apple gained 1.8%, after the company sent invitations to unveil the iPhone 15 on Sept. 12. Also, Insulet added 7.9% after its chief executive increased his personal stake in the company by 19.4%. Conversely, Hewlett-Packard  tumbled 7.1% after the company lowered its full-year cash flow and profit outlook.

S&P 500 and Nasdaq Tick Up, Extend Gains for 4th Day

The Dow Jones and the S&P 500 rose on Wednesday, extending gains for the fourth session as more disappointing economic data boosted hopes of a pause in interest rate hikes by the US Federal Reserve. Updated GDP figures showed the US economy grew less than previously thought in the second quarter and job creation slowed more than expected in August, according to ADP. Also, PCE price indexes rose less than previously anticipated. Meanwhile, the Nasdaq switched between small gains and losses. Among individual stocks, HP tumbled more than 10% after the company lowered its full-year cash flow and profit outlook. Investors are likely to exercise caution as they await the release of the monthly US jobs data scheduled for Friday.

Wall Street Attempts Gains for 4th Day

US stock index futures pointed to a higher open on Wall Street on Wednesday, as more disappointing economic data boosted hopes of a pause in interest rate hikes by the US Federal Reserve. Updated GDP figures showed the US economy grew less than expected and job creation slowed more than expected in August, according to ADP. Also, PCE price indexes rose less than previously anticipated.

US Stock Futures Point to Higher Open

The dollar index held below 104 on Wednesday after losing half a percent in the previous session, weighed down by softer-than-expected US economic data which bolstered bets that the Federal Reserve will likely end its interest rate hikes. Data released on Tuesday showed that US JOLTS job openings declined to a 2-1/2 -year low in July, while consumer sentiment in the country fell by the most in two years in August amid souring views on the labor market, higher borrowing costs and persistent inflation. Markets now await the monthly jobs report, the PCE price index, the ISM Manufacturing PMI and Q2 GDP figures for further insight into interest rate trends. Meanwhile, Fed Chair Jerome Powell said in his Jackson Hole speech that the central bank is ready to raise rates again if needed, but stated that they are proceeding with caution amid risks to the economy.

Dollar Pressured by Soft US Data

US stock futures inched higher on Wednesday after the major averages extended their winning streak to a third consecutive day during Tuesday’s regular session. Futures contracts tied to the three major indexes drifted flat to slightly positive. In regular trading on Tuesday, the Dow rose 0.85%, the S&P 500 rallied 1.45% and the Nasdaq Composite surged 1.74%, with all 11 S&P sectors ending higher led to the upside by communication services, consumer discretionary and technology. Those gains came as weaker-than-expected US consumer sentiment and labor data bolstered bets that the Federal Reserve will likely pause its interest rate hikes in September. A sharp decline in Treasury yields also boosted technology and other growth stocks, with the benchmark 10-year yield hitting an almost three-week low of 4.1%. The upcoming release of the jobs report, PCE price index and updated Q2 GDP figures will provide further insights into the potential trajectory of interest rates.

US Futures Inch Higher After Strong Rally

US stocks rallied on Tuesday, fueled by the optimism that the Federal Reserve will likely pause interest-rate hikes in September following latest job data. The Nasdaq and the S&P 500 finished 1.4% and 1.7% higher, touching their highest in over two weeks, lifted by Tesla (+7.7%), Nvidia (+4.1%) and other megacap growth. Meanwhile, the Dow Jones added 292 points after the JOLTS report showed the US economy added the least jobs in 28-months in July, falling for the third straight month and signaling easing labor market pressures. The upcoming release of the jobs report, PCE price index, and updated Q2 GDP figures will provide further insights into the potential trajectory of interest rates. In corporate news, Oracle rose 3.3% after UBS upgraded the company from neutral to buy. AT&T and Verizon gained 4% and 3.4% after Citi upgraded the telecommunications companies to buy. Best Buy jumped 3.8% on the back of better-than-expected quarterly results.

Wall Street Ends Higher after Weak Job Data

US stocks wavered on Tuesday, as investors await a slew of economic releases this week including the key jobs report, PCE price index and updated Q2 GDP data. The Dow Jones was up around 50 points, while the S&P 500 and the Nasdaq edged up 0.2% each. Among single stocks, Oracle rose nearly 2% after UBS upgraded the company from neutral to buy. Also, AT&T and Verizon rose 3% and 2%, respectively, after Citi upgraded the telecommunication companies to buy. Best Buy soared 5% on better-than-expected quarterly results.

US Stocks Trade Cautiously Higher

US stock futures held steady on Tuesday after the major averages finished higher during Monday’s regular session, as the end of what has been a challenging August for the market approaches. Futures contracts tied to the three major indexes were all trading near breakeven. In regular trading on Monday, the Dow rose 0.62%, the S&P 500 gained 0.63% and the Nasdaq Composite jumped 0.84%, with all three benchmarks climbing for the second straight session. All 11 S&P sectors finished higher, led to the upside by materials, communication services and real estate. Major Dow component 3M surged 5.2% on news that the company has tentatively agreed to pay $5.5 billion to resolve more than 330,000 lawsuits related to its defective earplugs. US-listed Chinese stocks also rallied after Beijing said they would cut the stamp duty on trading by half. Investors now look ahead to the monthly jobs report later this week, as well as the PCE price index and ISM Manufacturing PMI.

US Futures Steady After Winning Session

Major US stocks indexes kicked off the last week of August on a positive note ahead of a batch of economic data with traders looking for clues on the future of interest rate path. The Dow Jones closed 213 points higher, while the S&P 500 and the Nasdaq gained 0.6% and 0.8%, respectively. Chinese stocks Alibaba and JD.com rose 2.7% and 2.6%, respectively, after the Chinese government said it would reduce a tax on trading. Also, 3M stocks surged by 5.2% on news that the company has tentatively agreed to pay $5.5 billion to resolve more than 330,000 lawsuits related to its defective earplugs. Meanwhile, megacap stocks were mixed, as Nvidia (+1.8%) and Meta (+1.7%) gained while Amazon finished slightly lower. It will be a very busy week in the United States with investors closely following the labor report, alongside the PCE price index, personal income and spending data, JOLTS job openings, ISM Manufacturing PMI, and the second estimate of Q2 GDP growth.

Wall Street Starts Week Higher

The Dow Jones rose more than 200 points on Monday, while the S&P 500 and the Nasdaq were up 0.5% and 0.7%, respectively. Tech stocks led gains at the open with Apple rising 0.6% and Microsoft adding 0.7%. Chineses stocks Alibaba and JD.com rose 2% and 1.4%, respectively,after the Chinese government said it would reduce a tax on trading. Also, 3M stocks surged by over 6% on news that the company agree to pay $5.5 billion to resolve more than 330,000 lawsuits related to its defective earplugs. It will be a very busy week in the United States with investors following closely the labor report, alongside the PCE price index, personal income and spending data, JOLTS job openings, ISM Manufacturing PMI, and the second estimate of Q2 GDP growth.

Wall Street Starts Week on Positive Note

US stock futures rose on Monday to start the final trading week of August. Futures contracts tied to the three major indexes were all up about 0.2%. On Friday, the S&P 500 and Nasdaq Composite gained 0.67% and 0.94%, respectively, with both benchmarks notching their first winning week in four. The Dow also climbed 0.73% in the previous session, but ended the week lower. Those moves came as Federal Reserve Chair Jerome Powell pointed to signs of continued strength in the US economy at his Jackson Hole speech, but indicated that the central bank would “proceed carefully” with additional hikes. He said the Fed is “prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level” until inflation moves sustainably lower towards the objective as it remains too high. Investors now look ahead to more economic data as August comes to a close, headlined by the monthly jobs report on Friday.

US Futures Rise to Start the Week

Major US indexes closed higher on Friday, as traders weighed the remarks from Fed Chair Powell at the Jackson Hole Summit. The Dow Jones rose 247 points, while the S&P 500 and the Nasdaq added 0.7% and 0.9%, respectively. Powell addressed the string of more resilient than expected economic data all summer long while stating that the Federal Reserve is prepared to raise rates further to bring inflation back to its 2% target. At the same time, Powell suggested that in September, interest rates would remain unchanged to evaluate incoming data, as well as the evolving outlook and potential risks. Among stock, Affirm soared 28.8% and Workday jumped 5.4% on the back of upbeat earnings and revenues. Gap gained 7.1% after delivering mixed quarterly results while Nordstrom slid 7.7% even after posting upbeat results. Marvell Tech sank 6.6% after giving a wary future outlook. On the week, the Dow lost 0.4% while S&P 500 and Nasdaq added 0.2% and 1.1%.

US Stocks Ends Higher after Powell Speech

Major US indexes were trading higher on Friday afternoon, as traders weighed the remarks from Fed Chair Powell at the Jackson Hole Summit. The Dow Jones was up over 100 points, while the S&P 500 and the Nasdaq added 0.1% each. Powell addressed the string of more resilient than expected economic data all summer long while stating that the Federal Reserve is prepared to raise rates further to bring inflation back to its 2% target. At the same time, Powell suggested that in September, interest rates would remain unchanged to evaluate incoming data, as well as the evolving outlook and potential risks. In corporate news, Marvell Tech beat earnings but gave a wary future outlook. Nordstrom exceeded earnings and revenue expectations but saw an 8.3% sales drop from last year. Ulta Beauty outperformed expectations, raising its profit outlook. On the week, the Dow and S&P 500 are set to book losses, while Nasdaq is poised for a  0.4% gain.

US Stocks Rise

US stocks held gains as Fed Chair Powell speaks at the Jackson Hole Symposium. "It is the Fed’s job to bring inflation down to our 2% goal, and we will do so," Powell said. "We have tightened policy significantly over the past year. Although inflation has moved down from its peak, a welcome development, it remains too high. We are prepared to raise rates further if appropriate, and intend to hold policy at a restrictive level until we are confident that inflation is moving sustainably down toward our objective.", Powell said. In corporate news, Marvell Technology surpassed earnings expectations but presented a cautious outlook for the future. Similarly, Nordstrom reported earnings and revenues that exceeded expectations, but sales from the previous year experienced an 8.3% decline. Ulta Beauty reported results that were better than anticipated and raised its profit outlook. On the flip side, Gap fell short of both sales and revenue estimates.

The Dow Jones rose more than 200 points on Friday, while the S&P 500 and the Nasdaq rose 0.6% and 0.6% respectively, as investors await Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Symposium. Powell's speech, scheduled for 10:05 am ET, is anticipated to provide insights into the final steps of the Federal Reserve's tightening cycle, aimed at curbing inflation and reiterating the commitment to bring inflation down to the target level. The Dow Jones is 0.7% lower so far this week, while the S&P 500 and the Nasdaq are both set for a weekly gain, up 0.5% and 1.3% respectively.

US Stocks Rise Ahead Powell Speech

US stock index futures pointed to a higher open on Wall Street on Friday, as investors await Federal Reserve Chair Jerome Powell's speech at the Jackson Hole Symposium. Powell's speech, scheduled for 10:05 am ET, is anticipated to provide insights into the final steps of the Federal Reserve's tightening cycle, aimed at curbing inflation and reiterating the commitment to bring inflation down to the target level. The Dow Jones is 0.7% lower so far this week, while the S&P 500 and the Nasdaq are both set for a weekly gain, up 0.5% and 1.3% respectively.

US stock futures were little changed on Friday as investors braced for Federal Reserve Chair Jerome Powell’s address at the central bank’s annual symposium in Jackson Hole, Wyoming. Futures contracts tied to the three major indexes were all trading near breakeven. In regular trading on Thursday, the major averages initially rallied on the back of Nvidia’s strong quarterly results, before reversing lower as investors booked profits and turned cautious ahead of Powell’s remarks. The Dow fell 1.08%, the S&P 500 dropped 1.35% and the Nasdaq Composite tumbled 1.87%, with all 11 S&P sectors ending lower led by technology, communication services and consumer discretionary. Investors will also assess US consumer sentiment data for August, while there are no major companies reporting earnings on Friday.

US Futures Flat Ahead of Powell’s Jackson Hole Address

All major US indexes closed deeply in the red on Thursday, with investors awaiting the Fed Chair Powell's speech due Friday at the annual central bank summit in Jackson Hole. The Dow Jones finished 374 points lower, the S&P 500 fell 1.3% and the Nasdaq lost 1.9% as early session big tech rallies ceased after bond yields rose. Megacap shares weighed including Tesla (-2.9%), Apple (-2.6%) and Amazon (-2.7%) while Nvidia's stock edged higher by 0.1% higher after hitting a record high. Shares of Boeing slid by 4.9% to a four-week low after the company said it found that fastener holes on the aft pressure bulkhead on some 737 planes were improperly drilled. On the data front, fresh data showed weekly jobless claims fell as labor market remains tight and Former Fed member James Bullard said that the boost in economic activity this summer might make the Federal Reserve hold off on its plans to finish raising interest rates.

US Stock Slide Sharply

The US stock rally halted on Thursday afternoon, and Treasury yields rose as investors shifted their focus to the Jackson Hole meeting and the Federal Reserve Chair Jerome Powell’s speech due Friday for additional guidance on interest rates. James Bullard, the ex-President of the Federal Reserve Bank of St Louis, said that the boost in economic activity this summer might make the Federal Reserve hold off on its plans to finish raising interest rates. Boeing was down by over 3% to a four-week low after the company said it found that fastener holes on the aft pressure bulkhead on some 737 planes were improperly drilled. On the other hand, Nvidia's stock is up 2.6% and hit a record high after the tech giant posted better-than-expected earnings and revenue for the second quarter. They also forecasted sales to jump 170% in the current quarter due to strong demand for artificial intelligence chips. The Dow Jones was down nearly 100 points, the S&P 500 fell 0.4% and the Nasdaq retreated 0.7%.

Wall Street Loses Footing

The Nasdaq rose 0.5% on Thursday, and the S&P 500 was up 0.3% driven by stronger-than-expected results from chipmaker Nvidia, which further fueled excitement around artificial intelligence (AI) technology. Nvidia's stocks surged by nearly 5% after the tech giant posted better-than-expected earnings and revenue for the second quarter and forecasted sales to jump 170% in the current quarter on the back of strong demand for artificial intelligence chips. On the other hand, Boeing was down by over 3% to a four-week low after the company said it found that fastener holes on the aft pressure bulkhead on some 737 planes were improperly drilled. The Dow Jones was switching between small gains and losses, with investors shifting their focus to the Jackson Hole meeting for additional guidance on interest rates. The latest data showed weekly claims fell as labour market remains tight.

Nasdaq & S&P Rise Boosted by Nvidia

Contracts on the tech-heavy Nasdaq 100 rose 1% on Thursday, and those on the S&P 500 were 0.4% higher driven by stronger-than-expected results from chipmaker Nvidia, which further fueled excitement around artificial intelligence (AI) technology. In pre-market trading, Nvidia's stocks surged by over 3% after the tech giant posted better-than-expected earnings and revenue for the second quarter and forecasted sales to jump 170% in the current quarter on the back of strong demand for artificial intelligence chips. On the other hand, Boeing lost 2% after the company said it found that fastener holes on the aft pressure bulkhead on some 737 planes were improperly drilled. Investors are now shifting their focus to the Jackson Hole meeting for additional guidance on interest rates. The latest data showed weekly claims fell as labour market remains tight. On Wednesday, the Dow rose 0.54%, the S&P 500 gained 1.1% and the Nasdaq Composite advanced 1.59%.

Nasdaq Futures Surge 1%

US stock futures climbed higher on Thursday as an upbeat earnings report from Nvidia fueled bullish sentiment. Nasdaq 100 and S&P 500 futures jumped 0.9% and 0.5%, respectively, while Dow futures were flat. In extended trading, Nvidia gained about 7% after the tech giant posted better-than-expected earnings and revenue for the second quarter and forecasted sales to jump 170% in the current quarter on the back of strong demand for artificial intelligence chips. In regular trading on Wednesday, the Dow rose 0.54%, the S&P 500 gained 1.1% and the Nasdaq Composite advanced 1.59%. Ten out of the 11 S&P sectors finished higher, led to the upside by technology and communication services, while the energy sector was the sole decliner. Those moves came as  weak PMI data in the US and Europe bolstered bets that major central banks would halt their interest rate hikes to avert a recession. Investors now look ahead to the Jackson Hole meet for further rates guidance.

US Futures Climb Higher on Nvidia Boost

The Dow Jones finished 185 points higher on Wednesday, while the S&P 500 and the Nasdaq added 1.1% and 1.6% respectively, fueled by weak PMI data across both the US and Europe, which bolstered expectations that major central banks would halt their interest rate hikes to avert a recession. Flash PMI data indicated a sluggish increase in output for US firms in August, with the overall activity level nearing stagnation. Big tech led the gains in anticipation of Nvidia's quarterly results due after the closing bell. Apple rose 2.2% and Microsoft 1.4% while Nvidia jumped 3.2%. On the flip side, Foot Locker's stock plunged 28.3% following a reduction in its 2023 earnings projection and a suspension of its dividends and Peloton shares tumbled 22.6% after announcing a revenue smaller than what was anticipated.

US Stocks End Higher

US stocks extended gains on Wednesday afternoon, with the Dow Jones up more than 150 points, while the S&P 500 and the Nasdaq rose 1% and 1.5% respectively, fueled by weak PMI data across both the US and Europe, which bolstered expectations that major central banks would halt their interest rate hikes to avert a recession. Flash PMI data indicated a sluggish increase in output for US firms in August, with the overall activity level nearing stagnation. Big tech led the gains in anticipation of Nvidia's quarterly results. Apple was up 2% and Microsoft 1.8% while Nvidia added over 2%. On the flip side, Foot Locker's stock plunged more than 30% following a reduction in its 2023 earnings projection and a suspension of its dividends and Peloton shares tumbled 24% after announcing a revenue smaller than what was anticipated.

Wall Street Extends Gains in Afternoon Trading

The Dow Jones rose about 50 points on Wednesday, while the S&P 500 advanced by 0.3% and the Nasdaq gained 0.4% as optimism regarding Nvidia's quarterly revenue potentially exceeding its forecast from three months ago outweighed disappointing earnings reports. Among individual movements, Foot Locker's stock plunged more than 30% following a reduction in its 2023 earnings projection and a suspension of its dividends and Peloton shares tumbled 20% after announcing a revenue smaller than what was anticipated. Meanwhile, investors await the annual symposium of central bankers at Jackson Hole this week, where policymakers might provide insights into the future direction of interest rates.

US Stocks Rise on Wednesday

US stock index futures pointed to a higher open on Wall Street on Wednesday, as optimism regarding Nvidia's quarterly revenue potentially exceeding its forecast from three months ago outweighed disappointing earnings reports. During pre-market trading, Foot Locker's stock tumbled 30% following a reduction in its 2023 earnings projection and a suspension of its dividends and Peloton shares plunged 25% after announcing a loss larger than what was anticipated. On Tuesday, the Dow Jones lost 175 points and the S&P 500 edged down 0.3% while the Nasdaq managed to achieve a marginal increase.

US stock futures were little changed on Wednesday as investors look ahead to the latest batch of corporate earnings reports from major firms including Nvidia. Futures contracts tied to the three major indexes drifted flat to slightly positive. In regular trading on Tuesday, the Dow and S&P 500 lost 0.51% and 0.28%, respectively, dragged lower by banks after S&P Global Ratings joined Moody’s Investors Service and downgraded some US banks due to a challenging economic environment. Meanwhile, the Nasdaq Composite inched up 0.06% as gains in Tesla (+0.8%) and Apple (+0.8%) outweighed losses in Nvidia (-2.8%) and AMD (-2.4%). Investors now look ahead to earnings reports from Nvidia, Snowflake, Peloton, Foot Locker and Abercrombie & Fitch, among others, on Wednesday. Markets also await US new home sales and purchasing data on Wednesday, as well as the start of the two-day Federal Reserve symposium in Jackson Hole, Wyoming, beginning Thursday.

US Futures Steady as More Earnings Eyed

The Dow Jones finished 174 points lower on Tuesday, while the S&P 500 lost 0.3%, dragged by banks after S&P Global Ratings joined Moody’s Investors Service and downgraded some US banks due to a challenging economic environment. Meanwhile, the Nasdaq ended slightly higher as gains in shares of Tesla (+0.8%) and Apple (+0.8%) overshadowed the losses of Nvidia (-2.8%) and AMD (-2.4%), also limiting losses of S&P500. Nvidia's stock initially rose to a record high but later fell in anticipation of its earnings report due on Wednesday. Macy's stock tumbled 14.2% as fewer overseas tourists in US hurt sales. Dick's Sporting Goods' stock also plunged by 24.2% after lowering its full-year profit forecast. Conversely, Lowe's stock added 3.7% after the home improvement store reported quarterly results that exceeded expectations and confirmed its full-year outlook.

The Dow Jones slid over 100 points on Tuesday afternoon and the S&P 500 lost 0.2% as banks dragged after S&P Global Ratings joined Moody’s Investors Service and downgraded some US banks due to a challenging economic environment. Meanwhile, the Nasdaq was trading 0.2% higher as gains in shares of Tesla (+0.8%) and Apple  (+0.7%) limited the losses of Nvidia (-2.3%) and AMD (-2.3%). Nvidia's stock initially rose to a record high but later fell by over 2% in anticipation of its upcoming earnings report on Wednesday. Macy's stock Tumbled over 14% due to lower sales and profit expectations. Dick's Sporting Goods' stock also plunged by 23% after lowering its full-year profit forecast. On the other hand, Lowe's stock was up by nearly 4% after the home improvement retailer reported quarterly results that exceeded expectations and confirmed its full-year outlook. Also, Activision Blizzard added 1% as Microsoft's $69 billion acquisition offer had a new chance of approval from UK regulators.

Dow, S&P 500 Fall

The Dow Jones lost more than 100 points on Tuesday, and both the S&P 500 and the Nasdaq also fell pressured by banks after S&P Global Ratings joined Moody’s Investors Service and downgraded some US banks due to a challenging economic environment. Nvidia's stock initially rose to a record high but later fell by over 2% in anticipation of its upcoming earnings report on Wednesday. Macy's stock dropped due to lower sales and profit expectations. Dick's Sporting Goods' stock also fell after lowering its full-year profit forecast. On the other hand, Lowe's stock was up by nearly 4% after the home improvement retailer reported quarterly results that exceeded expectations and confirmed its full-year outlook. Also, Activision Blizzard Inc. rose as Microsoft's $69 billion acquisition offer had a new chance of approval from UK regulators.

US Stocks Give Up Gains

The S&P 500 and the Nasdaq rose on Tuesday, extending gains for the second session as attention turned to major technology companies and the upcoming speech by Federal Reserve Chair Jerome Powell at the Jackson Hole Economic Policy Symposium on Friday. Nvidia was up more than 1%, following a 10% gain in the previous session in anticipation of its earnings report scheduled for Wednesday. Other big technology and growth stocks also rose, with Tesla up more than 3% after logging its biggest one-day percentage gain since March on Monday. Other big technology and growth stocks also rose, with Tesla up more than 3% after logging its biggest one-day percentage gain since March on Monday. Lowe's stock was up by nearly 4% after the home improvement retailer reported quarterly results that exceeded expectations and confirmed its full-year outlook. Meanwhile, the Dow Jones was switching between small gains and losses.

S&P 500 and Nasdaq Extend Gains for 2nd Session

US stock index futures pointed to a higher open on Wall Street on Tuesday, as attention turned to major technology companies and the upcoming speech by Federal Reserve Chair Jerome Powell at the Jackson Hole Economic Policy Symposium on Friday. In premarket trading, Nvidia added 1.5%, following a 10% gain in the previous session in anticipation of its earnings report scheduled for Wednesday. Lowe's stock was up by over 2% after the home improvement retailer reported quarterly results that exceeded expectations and confirmed its full-year outlook. On Monday, Nasdaq Composite booked its best session this month, and the S&P 500 snapped a four-day losing streak while the Dow Jones edged down 0.1%.

US stock futures steadied on Tuesday after the major averages ended mixed during Monday’s regular session, with mega-cap technology names outperforming the market. Futures contracts tied to the three major indexes drifted flat to slightly negative. In regular trading on Monday, the Dow lost 0.11%, while the S&P 500 and Nasdaq Composite gained 0.69% and 1.56%, respectively. Nvidia jumped 8.5% after HSBC raised its price target on the stock to $780 ahead of the chip designer's earnings on Wednesday. Tesla also advanced 7.3%, recouping some losses from last week following news of more price cuts in China. Meanwhile, Dow component Johnson & Johnson dropped 3% after the company said it’s expecting to retain a stake of about 9.5% in its newly separated consumer health unit, Kenvue. Investors now look ahead to Federal Reserve Chair Jerome Powell’s address at the central bank annual symposium at Jackson Hole, Wyoming on Friday for further clues on the rates path.

US Futures Steady After Mixed Session

The S&P 500 and the Nasdaq added 0.7% and 1.6% on Monday, boosted by gains in tech stocks. The upward movement was mostly led by gains in shares of Nvidia and Tesla outweighing traders' concerns over higher Treasury yields. Nvidia jumped 8.5% after HSBC raised its price target on the stock to $780 ahead of the chip designer's earnings on Wednesday. Also, Tesla advanced 7.3% after plunging 11% last week following news of more price cuts in China. Palo Alto Networks, a cybersecurity company, surged 14.8% in its stock price due to its higher-than-anticipated forecast for billings. On the other hand, the Dow Jones finished 0.1% lower, pressured by a 3% fall in shares of Johnson & Johnson after the company said it’s expecting to retain a stake of about 9.5% in its newly separated consumer health unit, Kenvue. This week, all eyes turn toward the upcoming annual Jackson Hole symposium and Powell's speech Friday, where further clues regarding the trajectory of interest rates.

Wall Street Ends Mixed, Tech Outperform

The S&P 500 and the Nasdaq rose on Monday, after a sharp selloff last week, boosted by gains in tech stocks. Nvidia added over 4% after HSBC raised its price target on the stock to $780 ahead of the chip designer's earnings on Wednesday. Also, growth-oriented stocks rose, with Tesla up more than 5%. Palo Alto Networks, a cybersecurity company, surged 15% in its stock price due to its higher-than-anticipated forecast for billings. On the other hand, the Dow Jones fell more than 100 points, as all eyes turned toward the upcoming annual Jackson Hole symposium and Powell's speech Friday, where further clues regarding the trajectory of interest rates are eagerly awaited.

Tech Stocks Lead Nasdaq and S&P Higher

US stocks rose on Monday, after a sharp selloff last week, as all eyes turn toward the upcoming annual Jackson Hole symposium, where further clues regarding the trajectory of interest rates are eagerly awaited. On the earnings front, markets await the latest quarterly results from key artificial intelligence beneficiary Nvidia on Wednesday. Nvidia added 3.7% after HSBC raised its price target on the stock to $780. Also, growth-oriented stocks rose, with Tesla up more than 3%. Palo Alto Networks, a cybersecurity company, surged 15% in its stock price due to its higher-than-anticipated forecast for billings.

US stock index futures pointed to a higher open on Wall Street on Monday, after a sharp selloff last week as all eyes turn toward the upcoming annual Jackson Hole symposium, where further clues regarding the trajectory of interest rates are eagerly awaited. On the earnings front, markets await the latest quarterly results from key artificial intelligence beneficiary Nvidia on Wednesday. In pre-market trading, Nvidia added 2% after HSBC raised its price target on the stock to $780. Also, growth-oriented stocks rose, with Tesla up nearly 3%. Palo Alto Networks, a cybersecurity company, surged 12.5% in its stock price due to its higher-than-anticipated forecast for billings. Last week, the Dow lost 2.2%, the most since March. Also, The S&P 500 and Nasdaq fell for the third consecutive week, their longest since February and December respectively.

US stock futures steadied on Monday after the major averages suffered another losing week, as higher Treasury yields and hawkish signals from the Federal Reserve pressured equities. Dow and S&P 500 futures were flat, while Nasdaq 100 futures rose 0.18%. Last week, the Dow fell 2.21%, the S&P 500 dropped 2.11% and the Nasdaq Composite tumbled 2.59%, with the last two benchmarks posting their third consecutive losing week. Minutes of the Fed’s July meeting released last week showed that policymakers remained concerned about upside risks to inflation, leaving the door open for further policy tightening. Investors now look ahead to Fed Chair Jerome Powell’s remarks at the central bank’s annual symposium in Jackson Hole, Wyoming on Friday. Markets also await the latest quarterly results from key artificial intelligence beneficiary Nvidia on Wednesday.

US Futures Steady After Losing Week

The Dow Jones finished slightly in the green on Friday, snapping losses in the last four sessions, while the S&P 500 was flat and the Nasdaq fell 0.2% amid worries over higher-for-longer interest rates and fresh credit risks in China. Meanwhile, the earning season continued with results from Keysight Technologies which lost 13.7% after its quarterly reports missed estimates. Deere and Estee Lauder also declined by 5.3% and 3.3%, respectively on the back of disappointing quarterly results. Meta shares continued their decline for the week, falling more than 2%. On the other hand, Applied Materials and Ross Stores gained 4.1% and 5% respectively, after publishing upbeat quarterly reports. Additionally, Evergrande filed for US bankruptcy as recent profit warnings from state developers and Country Garden's bond payment failure triggered a surge in Chinese private credit costs.

Wall Street Books Weekly Loss

Major US indexes were fluctuating near the flatline on Friday afternoon, with the Dow Jones on track to book a 2% weekly loss while the S&P 500 and the Nasdaq fell over 2% on the week and set to post the third consecutive week of losses amid worries over higher-for-longer interest rates and fresh credit risks in China. Meanwhile, the earning season continued with results from Keysight Technologies which plunged more than 14% after its quarterly reports missed estimates. Deere and Estee Lauder also declined by  5.1% and 3.1%, respectively on the back of disappointing quarterly results. Meta shares continued their decline for the week, falling more than 2%. On the other hand, Applied Materials and Ross Stores gained 4.1% and 5% respectively, after publishing upbeat quarterly reports.

US Stocks Little Changed

The Dow Jones pared losses on Friday, driven by an over 1% gain in shares of UnitedHealth. The S&P 500 fell 0.2% and the Nasdaq lost 0.7%, down for the fourth session amid worries over higher-for-longer interest rates and fresh credit risks in China. Applied Materials and Ross Stores gained on upbeat quarterly reports, while Keysight Technologies, Deere and Estee Lauder fell on disappointing results. On the week, the Dow is down 2.1% so far, the largest decrease since March. The S&P 500 and Nasdaq are both set for a third consecutive week of losses, their longest since February and December respectively. US stocks remained under pressure after minutes of the Federal Reserve’s July meeting suggested further interest rate hikes could be ahead as policymakers remain concerned about inflation. Additionally, Evergrande filed for US bankruptcy as recent profit warnings from state developers and Country Garden's bond payment failure triggered a surge in Chinese private credit costs.

Dow Pares Losses, S&P 500 and Nasdaq Fall

The Dow Jones was almost 100 points lower on Friday, extending losses for the fourth session amid renewed concerns that US monetary policy could remain restrictive for some time and fresh credit risks in China. Also, the S&P 500 was down 0.5% and the Nasdaq Composite 1%. Applied Materials and Ross Stores gained on upbeat quarterly reports, while Keysight Technologies fell on disappointing results. On the week, the Dow is down 2.3% so far, the largest decrease since March. The S&P 500 and Nasdaq are both set for a third consecutive week of losses, their longest since February and December respectively. US stocks remained under pressure after minutes of the Federal Reserve’s July meeting suggested further interest rate hikes could be ahead as policymakers remain concerned about inflation. Additionally, Evergrande filed for US bankruptcy as recent profit warnings from state developers and Country Garden's bond payment failure triggered a surge in Chinese private credit costs.

US Stocks Fall

US stock index futures pointed to a lower open on Wall Street on Friday, following three consecutive sessions of losses amid renewed concerns that US monetary policy could remain restrictive for some time and fresh credit risks in China. In pre-market trading, Applied Materials and Ross Stores gained on upbeat quarterly reports, while Keysight Technologies fell on disappointing results. On the week, the Dow is down 2.3% so far, the largest decrease since March. The S&P 500 and Nasdaq are both set for a third consecutive week of losses, their longest since February and December respectively. US stocks remained under pressure after minutes of the Federal Reserve’s July meeting suggested further interest rate hikes could be ahead as policymakers remain concerned about inflation. Additionally, Evergrande filed for US bankruptcy as recent profit warnings from state developers and Country Garden's bond payment failure triggered a surge in Chinese private credit costs.

US Stock Futures Point to Lower Open

US stock futures were little changed on Friday after the major averages declined for the third straight day during Thursday’s session, amid renewed concerns that US monetary policy could remain restrictive for some time. Futures contracts tied to the three major indexes were all trading near breakeven. In extended trading, Applied Materials and Ross Stores gained on upbeat quarterly reports, while Bill Holdings, Keysight Technologies and Farfetch plunged on disappointing results. In regular trading on Thursday, the Dow fell 0.84%, the S&P 500 lost 0.77% and the Nasdaq Composite tumbled 1.17%, with 10 of the 11 S&P sectors ending lower led to the downside by consumer discretionary, consumer staples and technology. US stocks remained under pressure from rising Treasury yields as minutes of the Federal Reserve’s July meeting suggested further interest rate hikes could be ahead as policymakers remain concerned about inflation.

US Futures Flat After Three-Day Decline

Wall Street finished in the red Thursday, as the Dow Jones lost 291 points, while the S&P 500 and the Nasdaq fell by 0.8% and 1.2%, respectively, and booked losses for the third session amid renewed concerns about interest rates remaining higher for longer. Minutes from the Fed's July meeting showed most policymakers prioritizing the battle against inflation, while other members asked for caution against overtightening. This hawkish stance lifted 10-year Treasury yields to their highest in nearly 16 years, pressuring the rate-sensitive tech sector as Meta (-3.1%) and Apple (-1.5%) dropped. Healthcare shares were also under pressure, with CVS tanking 8.1% after Blue Shield announced it will cut its reliance on the company as its pharmacy benefit manager. Shares of UnitedHealth and Cigna which also have pharmacy benefit manager units fell 2% and 6.3%, respectively. On the winning side was Cisco jumping 3.3% on upbeat quarterly results.

US Stocks End Lower

US stocks were lower on Thursday afternoon, with the Dow Jones losing over 150 points, while the S&P 500 and the Nasdaq fell by 0.3% and 0.6%, respectively, on track to book losses for the third session amid renewed concerns of interest rates remaining higher for longer. Minutes from the Fed's July meeting showed most policymakers prioritizing the battle against inflation, putting the possibility of more rate hikes on table, while other members asked for caution against overtightening. This hawkish stance, lifted 10-year Treasury yields to their highest in nearly 16 years and pressured the rate-sensitive tech sector. Healthcare shares were also under pressure, with CVS tanking 8.8% after Blue Shield announced it will cut its reliance on the company as its pharmacy benefit manager. Shares of UnitedHealth and Cigna fell 1.7% and 6.7%, respectively. On the winning side was Cisco that jumped 3.8% on upbeat quarterly results and its CEO talked up artificial intelligence opportunities.

US Stocks Slip

US stocks pared their early-afternoon recovery and hovered close to the flatline on Thursday, broadly holding the sharp declines from the prior two sessions amid persistent concerns of tight monetary policy following minutes from the FOMC’s latest meeting. The document underscored members’ concerns that upside risks to inflation continue, possibly warranting more rate hikes, although uncertainty over policy transmission lags drove other members to ask for caution against overtightening. All three benchmarks hovered close to the flatline. A rebound in energy and metal commodities lifted shares for oil producers, miners, and metallurgists, offsetting smaller declines for tech giants as the hawkish outlook for the Fed lifted 10-year Treasury yields to their highest in nearly 16 years. Healthcare shares were also under pressure, with CVS tanking 9% after Blue Shield announced it will cut its reliance on the company as its pharmacy benefit manager.

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