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
Nasdaq futures indicated a positive opening on Monday, marking the commencement of a week filled with significant events, including earnings announcements from three major technology companies and the Federal Reserve’s forthcoming interest rate decision. Futures for the Dow Jones Industrial Average, S&P 500, and Nasdaq 100 experienced increases of 0.3%, 0.2%, and 0.2%, respectively, in Read More
U.S. producer prices increased significantly in September, marking the largest rise in 4-1/2 years, driven partly by an unprecedented surge in goods costs. This development serves as a recent indicator of energy-related inflationary pressures that may influence the Federal Reserve’s forthcoming interest rate decision. The producer price index for final demand increased by 1.3% on Read More
Nasdaq futures indicated a mixed opening on Friday, following a positive session for the major U.S. equity indexes. The Nasdaq Composite and S&P 500 are set to conclude the week on a lower note. In recent trading, the Dow Jones Industrial Average futures increased by 0.3%, while the S&P 500 futures saw a rise of Read More
Nasdaq futures increased in anticipation of the U.S. employment report for September, coinciding with a decline in oil prices and fluctuations in the 10-year Treasury yield. The three major U.S. stock indexes approached Friday with indications of weekly losses. Futures for the Nasdaq 100, S&P 500, and Dow Jones Industrial Average indicated increases of 0.7%, Read More
Nasdaq futures experienced a modest increase on Tuesday, following a decline in major indexes at the start of the week, as both Treasury yields and oil prices halted their upward trajectory. Futures for the Nasdaq 100, S&P 500, and Dow Jones Industrial Average experienced increases of 0.2%, 0.1%, and 0.1%, respectively, in the latest trading Read More
Nasdaq futures indicated a significant decline on Thursday, following a market selloff, as Treasury yields persisted in their upward trajectory. Meanwhile, President Donald Trump is scheduled to engage in discussions with Chinese leader Xi Jinping today in Washington. Futures for the Nasdaq 100, S&P 500, and Dow Jones Industrial Average experienced declines of 0.9%, 0.5%, Read More
A 7% mortgage rate might soon be a hurdle that homebuyers would rather not face. Freddie Mac reports that the average 30-year fixed mortgage rate rose to 6.95% from 6.76% last week, drawing closer to that threshold. This is the biggest one-week spike in mortgage rates seen in the last sixteen months, and it comes 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
