News That Matters

Tag: stock

U.S. stock futures open flat after Monday’s tech-powered rally

Finance
Traders work during the closing bell at the New York Stock Exchange (NYSE) on March 18, 2020.Johannes Eisele | AFP via Getty ImagesU.S. stock futures traded along the flatline on Monday night after the major averages logged in sharp gains to start the new month earlier in the day.Dow Jones Industrial Average futures were down 14 points, or less than 0.1%. S&P 500 and Nasdaq 100 futures traded marginally lower as well. The Dow closed Monday's session up more than 200 points, or 0.9%. The S&P 500 rallied to its highest level since Feb. 21 and the Nasdaq closed at a record high. The S&P 500 also ended the session less than 3% below the intraday record set on Feb. 19.Those gains came after Microsoft and Apple powered the S&P 500 tech sector to an all-time high, rising 5.6%...

Stock futures rise slightly after Fed rate decision, Big Tech earnings loom

Finance
A cyclist passes by the New York Stock Exchange in New York, on May 26, 2020.Wang Ying | Xinhua News Agency | Getty ImagesU.S. stock futures rose on Wednesday night following a session in which the major averages posted solid gains as the Federal Reserve pledged to maintain current stimulative measures.Dow Jones Industrial Average futures climbed 18 points, or 0.1%. S&P 500 futures gained 0.1% and Nasdaq 100 futures advanced 0.2%.The Fed kept the overnight U.S. rate in a range between 0% and 0.25%. The central bank noted that while the economy has recovered slightly, activity and employment remain "well below their levels at the beginning of the year." Fed Chairman Jerome Powell added the central bank will keep an accommodative stance until the economy has "weathered" the effects of th...

Stock futures rise slightly after Thursday’s sharp sell-off

Finance
Brendan McDermid | ReutersU.S. stock futures rose on Thursday night after broad declines in the major tech names pushed the major averages lower during regular trading.The Dow ended Thursday's cash session down more than 1% along with the S&P 500. The Nasdaq Composite dropped more than 3% as Microsoft and Apple each lost more than 4%. Facebook and Amazon were both down more than 3% and Netflix lost 2.5%.Big Tech has been the market leader this year as investors grapple with the coronavirus pandemic and its impact on corporate profits. Amazon and Netflix were both up more than 47% year to date. Alphabet and Facebook are up over 13% in that time."Concerns of another technology bubble are rising," said Keith Lerner, chief market strategist at Truist/SunTrust Advisory, in a note. "There is...
Stock futures open flat after Thursday’s wild session

Stock futures open flat after Thursday’s wild session

Finance
People walk by the New York Stock Exchange (NYSE) on May 18, 2020 in New York City.Spencer Platt | Getty ImagesStock futures were flat on Thursday night following a mixed session in which coronavirus concerns pushed investors further into tech shares.Dow Jones Industrial Average futures were up just 18 points, or 0.1%. S&P 500 and Nasdaq-100 futures traded marginally higher as well. The Nasdaq Composite closed at an all-time high during regular trading as Amazon jumped 3% to a record. Microsoft, Apple and Netflix were also higher.But the rest of the market struggled. The Dow dropped more than 300 points, erasing its week-to-date gains. The S&P 500 dipped 0.6%."It was a relatively quiet session, yet a roller coaster ride nonetheless," said Frank Cappelleri, executive director a...
Stock futures flat following sell-off on Wall Street

Stock futures flat following sell-off on Wall Street

Finance
U.S. stock futures were flat in overnight trading, following weakness in equities in the previous session. Dow futures rose 40 points, indicating a gain of 0.16%. The S&P 500 and Nasdaq-100 also were set to open higher, with gains of 0.08% and 0.12%, respectively. On Tuesday, the Dow Jones Industrial Average fell 397 points, or 1.5%, breaking a two-day winning streak. The Dow was brought down by a 4.8% drop in Boeing. The S&P 500 also registered a loss, slipping 1.1%, to break a five day win streak. The Nasdaq Composite lost 0.86%, after notching its 27th intra-day all-time high of the year earlier in the session on Tuesday. The technology-heavy index was positive for most of the day thanks to strength in Apple, Microsoft, Facebook and Netflix, which all hit record h...