President Donald Trump expressed a preference for retaining National Economic Council Director Kevin Hassett as his chief economic advisor, a declaration that may alter the competitive landscape regarding the successor to Jerome Powell as chair of the Federal Reserve. During an appearance in the White House, Trump remarked, “I see Kevin’s in the audience, and Read More
Nasdaq futures experienced an uptick on Friday, driven by the continued ascent of semiconductor shares, which have been propelled by advancements in artificial intelligence. This movement occurred at the conclusion of a volatile trading week that marked the onset of the fourth-quarter earnings season. Memory chipmakers led the gains, with Micron up 6.4% in premarket Read More
Nasdaq futures indicated a significant decline, while the price of gold, often regarded as a safe haven, reached a record high on Monday following the announcement of a criminal investigation by the Justice Department into Federal Reserve Chair Jerome Powell. Last night, Powell indicated that the U.S. Department of Justice had issued grand jury subpoenas Read More
Nasdaq futures indicated a significant upward movement, while gold approached its historical peak as the final full trading week of the year commenced. Futures linked to the blue-chip Dow Jones Industrial Average, the benchmark S&P 500, and the tech-heavy Nasdaq all experienced an increase of approximately 0.5%. On Friday, the three major stock indexes experienced Read More
Nasdaq futures indicated a modest decline on Wednesday ahead of the Federal Reserve’s decision regarding interest rate adjustments, as financial markets largely anticipate a reduction of a quarter-percentage point. Futures linked to the tech-heavy Nasdaq, the blue-chip Dow Jones Industrial Average, and the benchmark S&P 500 indicated declines of 0.2%, 0.1%, and 0.1%, respectively. On Read More
Morgan Stanley has returned to an earlier prediction for a quarter-point interest rate reduction by the Federal Reserve at the central bank’s forthcoming meeting this month. The lender has abandoned its prediction for a 25-basis point reduction at the conclusion of the Fed’s December 9-10 meeting, subsequent to the release of a robust employment report Read More
Nasdaq Futures rise on Friday, with investors awaiting a key inflation report for confirmation that the Federal Reserve will cut interest rates next week. At 05:40, Dow Jones Futures slipped 18 points, or 0.1%, while S&P 500 Futures gained 11 points, or 0.2%, and Nasdaq 100 Futures rose 104 points, or 0.4%. The main averages Read More
Futures on the Nasdaq exhibited minimal variation. On Thursday, following a sequence where the three major equities indexes experienced an increase for the seventh time in eight sessions, weak private-sector employment data reinforced traders’ expectations that the Federal Reserve is likely to reduce interest rates at its upcoming meeting next week. Futures linked to the Read More
Nasdaq futures indicated an upward trajectory on Monday as the holiday-shortened week commenced, reflecting growing investor confidence that the Federal Reserve is poised to reduce interest rates during its December meeting. Futures linked to the tech-heavy Nasdaq, the benchmark S&P 500, and the blue-chip Dow Jones Industrial Average experienced increases of 0.7%, 0.5%, and 0.2%, Read More
The Bureau of Labor Statistics announced on Friday that the initial economic data report, which was previously withheld because of the government shutdown, is set to be released next week. With the U.S. government resuming operations, market’s focus shifts to the timing of the release of essential data concerning employment, inflation, and other economic indicators. Read More
