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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...
Stock futures flat following a strong rally on Wall Street

Stock futures flat following a strong rally on Wall Street

Finance
The New York Stock Exchange (NYSE) is pictures on May 26, 2020 at Wall Street in New York City.Johannes Eisele | AFP | Getty ImagesStock futures held steady in overnight trading on Monday after a solid rally on Wall Street to start the week.Futures on the Dow Jones Industrial Average dipped about 20 points. The S&P 500 futures and the Nasdaq 100 futures were little changed.The overnight action followed a strong day on Wall Street that saw the Dow jumping more than 450 points. The S&P 500 gained 1.5% on Monday for its fifth straight positive session, while the Nasdaq rose 2.2% to hit an all-time high. The biggest technology shares built on their momentum as Amazon surged 5.7% to trade above $ 3,000 apiece for the first time ever. Netflix jumped 3.5% to hit a record high, while ...
Dow futures drop 400 points as Wall Street set to extend last week’s sharp losses

Dow futures drop 400 points as Wall Street set to extend last week’s sharp losses

Finance
The New York Stock Exchange (NYSE) stands in lower Manhattan on the first day that traders are allowed back onto the historic floor of the exchange on May 26, 2020 in New York City.Spencer Platt | Getty ImagesStock futures fell in overnight trading on Sunday, pointing to more losses ahead, as investors grapple with signs of a second wave of coronavirus cases amid the reopening economy.Futures on the Dow Jones Industrial Average dropped about 430 points. The S&P 500 and Nasdaq 100 futures were also down 1.9% and 1.6%, respectively.The overnight action in futures markets followed a big pullback last week triggered by rising fears of a resurgence in the virus as well as investors' profit-taking after the massive comeback. The Dow and S&P 500 lost 5.5% and 4.7% last week, res...
Trump wants to delist Chinese companies from U.S. exchanges. That could hurt Wall Street

Trump wants to delist Chinese companies from U.S. exchanges. That could hurt Wall Street

Finance
A new bill that targets Chinese companies listed on U.S. exchanges could not only "backfire" on American investors, but also hurt Wall Street — which will lobby against the legislation, a Harvard professor told CNBC on Tuesday.Amid a tide of anti-China sentiment stateside, the U.S. Senate last month passed a bill that could essentially ban many Chinese companies from listing their shares on U.S. exchanges, or raising money from American investors.It would require those companies to certify "they are not owned or controlled by a foreign government," and be subjected to audits by U.S. regulators for three consecutive years. If not, they would be banned from trade on the exchanges. I think in terms of protecting American investors, this bill if it becomes law, could backfire.Jesse F
The widely cited ‘disconnect’ between Wall Street and Main Street suddenly appears less confounding

The widely cited ‘disconnect’ between Wall Street and Main Street suddenly appears less confounding

Finance
A "Now Hiring" sign advertising jobs at Lowe's is seen as the spread of the coronavirus disease (COVID-19) continues, in Homestead, Florida, U.S., April 17, 2020.Marco Bello | ReutersQuite unexpectedly and rather suddenly, investors have been given a reset, a reprieve, a chance at a fresh start. What should they do with it?The furious stock-market rally, already the best-ever over 50 trading days through Tuesday, on Friday pulled the S&P 500 just about even for the year. Including dividends, the index has made you money in 2020, after a 37% collapse, a global pandemic and in a still-constrained economy.With Friday's burst higher on a far better-than-expected May jobs report, traders rushed to grab more exposure to the recovery scenario, which meant selling Treasury bonds and buyin...