The overall U.S. economy expanded more than expected in the third quarter, while inflation in the U.S. picked up in September, likely reinforcing expectations for a Federal Reserve interest rate increase in December. Gross domestic product increased by 3.4% during the July-September period, a rise from 2.2% in the second quarter and surpassing expectations of Read More
Major U.S. stock indexes experienced a slight uptick at the opening bell in anticipation of the Federal Reserve’s interest-rate decision on Wednesday. Later in the day, investor attention will shift to a duo of earnings reports from the Magnificent Seven tech giants. The tech-focused Nasdaq Composite and benchmark S&P 500 commenced trading with an increase Read More
Stock futures indicated an upward trajectory on Wednesday in anticipation of the Federal Reserve’s significant interest-rate decision, coinciding with a decline in crude prices and Treasury yields. Futures for the Nasdaq 100, S&P 500, and Dow Jones Industrial Average experienced increases of 0.5%, 0.3%, and 0.3%, respectively, in recent trading sessions. Yesterday, the three major Read More
Nasdaq futures exhibited a mixed performance and remained relatively unchanged on Thursday, following a three-session losing streak for major U.S. equities indexes. Futures for the Dow Jones Industrial Average and S&P 500 increased by 0.2% and 0.1%, respectively, whereas the Nasdaq 100 indicated a decline of 0.1%. Yesterday, the blue-chip Dow Jones Industrial Average experienced Read More
With the rise in energy prices and increasing concerns over inflation, the anticipation of interest rate cuts by the Federal Reserve is diminishing. Participants in the fed funds futures market have effectively ruled out a rate cut in September and now anticipate only one reduction, projected for December, as indicated by the CME gauge. In Read More
Nasdaq futures indicated a positive opening on Wednesday, coinciding with the Federal Reserve’s announcement regarding the decision on interest rates, alongside earnings reports from various prominent tech firms within the Magnificent Seven. Futures for the Nasdaq 100, S&P 500, and Dow Jones Industrial Average indicated increases of 0.9%, 0.3%, and less than 0.1%, respectively. Yesterday, Read More
