S&P 500 futures were slightly lower early Friday as investors looked ahead to the November jobs report. Futures tied to the benchmark stock index dipped 0.16%. Dow Jones Industrial Average futures were lower by 0.1% and Nasdaq 100 futures fell 0.33%. Shares of tech companies were on the move in after-hours trading following quarterly results. … Read more
Store front view of Lands’ End opening of the NYC Pop-Up on Vererans Day with the Bob Woodruff foundation on November 11, 2015 in New York City. Brian Bedder | Getty Images Check out the companies making headlines before the bell: Designer Brands (DBI) – The footwear retailer’s shares slide 15.6% in the premarket after … Read more
Customers dine in at a McDonald’s in Guangzhou on Dec. 1, 2022, a day after the city eased Covid restrictions on restaurant operations. Yin Hon Chow | CNBC BEIJING — A trickle of changes around China’s Covid controls in the last 24 hours has raised hopes that broader relaxation is on its way. Local state … Read more
Japanese yen strengthens after Powell commentary on smaller hikes Temasek’s $245 million FTX loss ’caused reputational damage’ to Singapore, says deputy prime minister Singapore’s Deputy Prime Minister Lawrence Wong said the state sovereign wealth fund’s investment loss of $275 million in collapsed crypto exchange FTX is “disappointing and has caused reputational damage” to the city-state. … Read more
The Dow Jones Industrial Average fell Wednesday as Wall Street waded through new economic data and awaited an afternoon speech on the economy from Federal Reserve Chair Jerome Powell. The 30-stock index lost 175 points, or 0.5%. The S&P 500 shed 0.2%, while the Nasdaq Composite climbed 0.3%. Traders were hit with conflicting economic reports … Read more
China’s factory activity misses expectations, contracts for a second straight month China’s official manufacturing Purchasing Managers’ Index for November came in at 48, below the 50-point mark that separates growth from contraction. That’s lower than the expectations of analysts polled by Reuters, who predicted a reading of 49. October’s PMI was 49.2. PMI readings are … Read more
The Dow Jones Industrial Average fell Tuesday as traders struggled to recover from sharp losses suffered in the previous session and looked ahead to more economic data. The 30-stock index lost 43 points, or 0.1%. The Nasdaq Composite was down 0.4%, while the S&P 500 shed 0.3%. The major averages suffered steep losses Monday, with … Read more
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, November 10, 2022. Brendan McDermid | Reuters Here are the most important news items that investors need to start their trading day: 1. Bounce back? Wall Street is looking for a rebound after Monday’s rout, which came as investors … Read more
Traders work on the floor of the New York Stock Exchange (NYSE), September 6, 2022. Brendan McDermid | Reuters US stock futures were higher on Tuesday morning after the major averages came under pressure from Covid protests in China, and as investors anticipated more economic data and commentary from Federal Reserve leaders this week. Dow … Read more
Japan’s unemployment rate unchanged, retail sales miss estimates Japan’s unemployment rate for October was steady from September’s reading of 2.6%, according to official data. The figure is slightly higher than the mean expectation of 2.5% from economists polled by Reuters. The jobs-to-applicant ratio, which measures active job openings per jobseeker, was at 1.35. That indicates … Read more