Wall Street Likely To Open Weak

RTTNews | 1035 dias atrás

(RTTNews) - Lower futures and weak commodity prices point to a negative start for stocks on Wall Street Tuesday morning.

The Dow futures are down 0.34% and the S&P Futures are down 0.23%, while the Nasdaq futures are down 0.08%.

With several big-name tech companies scheduled to report thier earnings today and tomorrow, the market is likely to exhibit a mixed trend.

Microsoft (MSFT) and Alphabet (GOOGL) are reporting their earnings today. On Wednesday, Meta Platforms (META) is scheduled to announce its earnings, while results from Amazon (AMZN) and Apple Inc (AAPL) are due on Thursday.

Several other companies, including Ford, 3M, Exxon Mobil, Boeing and Chevron are also due to release their earnings update during the course of this week.

On the economic front, a reading of SUP/CAse-Shiller Composite index is due at 9 AM ET.

At 10 AM ET, the Richmond Fed Manufacturing Index score is due. The consumer confidence index reading is also due out at 10 AM ET.

U.S. stocks moved sharply higher on Monday after struggling for direction earlier in the session. The major averages added to the strong gains posted in the previous session, with the Dow and the S&P 500 reaching their best closing levels in a month.

The Dow surged 417.06 points or 1.3% to 31,499.62, the Nasdaq advanced 92.90 points or 0.9% to 10,952.61 and the S&P 500 jumped 44.59 points or 1.2% to 3,797.34.

The strength that emerged on Wall Street partly reflected optimism the Federal Reserve will signal a slowdown in monetary policy tightening following its meeting next week.

Asian stocks ended mixed on Tuesday as concerns over China's growth prospects and a new political order in the country offset hopes of a Fed pivot.

European stocks are turning in a mixed performance with investors digesting a slew of earnings updates and looking ahead to the policy meetings by the European Central Bank and Federal Reserve for directional clues.

In commodities trading, West Texas Intermediate Crude oil futures are down $1.29 or 1.41% at $83.39 a barrel. Gold futures are down $6.70 or 0.41% at $1,647.40 an ounce.

Japan Stock Market May Spin Its Wheels On Tuesday

The Japan stock market has moved higher in back-to-back sessions, gathering almost 200 points or 0.5 percent along the way. The Nikkei 225 now rests just above the 42,800-point plateau although it may be stuck in neutral on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water. The Nikkei finished modestly higher on Monday following gains from the financial shares, weakness from the technology stocks and a mixed picture from the automobile companies. For the day, the index advanced 174.53 points or 0.41 percent to finish at 42,807.82 after trading between 42,681.37 and 43,201.42. Among the actives, Nissan Motor accelerated 3.15 percent, while Mazda Motor shed 0.55 percent, Toyota Motor eased 0.10 percent, Honda Motor climbed 1.01 percent, Softbank Group soared 3.53 percent, Mitsubishi UFJ Financial dipped 0.11 percent, Mizuho Financial collected 0.79 percent, Sumitomo Mitsui Financial added 0.41 percent, Mitsubishi Electric rose 0.35 percent, Sony Group slumped 1.11 percent, Panasonic Holdings lost 0.49 percent and Hitachi fell 0.24 percent.

RTTNews | 17 minutos atrás

KOSPI May Run Out Of Steam On Tuesday

The South Korea stock market has tracked higher in three straight sessions, collecting almost 80 points or 2.6 percent along the way. The KOSPI now sits just shy of the 3,210-point plateau although it's due for consolidation on Tuesday. The global forecast for the Asian markets is soft, with profit-taking likely on the menu. The European markets were mixed and the U.S. bourses were down and the Asian markets are also expected to open under water.

RTTNews | 32 minutos atrás

RBA Minutes On Tap For Tuesday

The Reserve Bank of Australia will on Tuesday release the minutes from its August 12 monetary policy meeting, highlighting a modest day for Asia-Pacific economic activity.

RTTNews | 1 h 32 min atrás

U.S. Dollar Climbs Against Majors

The U.S. dollar strengthened against its major counterparts in the New York session on Monday.

RTTNews | 2 h 44 min atrás

Swiss Market Ends Moderately Lower

After a weak start and a subsequent long spell in negative territory, the Switzerland market briefly moved slightly above the flat line in late afternoon trades on Monday, but quickly tumbled again to eventually settle on a weak note.

RTTNews | 5 h 30 min atrás

European Markets Close Weak After Cautious Session

European stocks closed on a weak note on Monday after a cautious session as investors awaited key inflation data from major economies in the region, and looked for more details about U.S. - EU trade deal.

RTTNews | 5 h 51 min atrás

Canadian Market Down More Than 0.5% On Profit Taking

After opening slightly down, the Canadian market slipped deeper into the red on Monday, weighed down by losses in healthcare, consumer staples, utilities and materials sectors.

RTTNews | 6 h 31 min atrás

U.S. New Home Sales Pull Back From Upwardly Revised Level In July

New home sales in the U.S. decreased from an upwardly revised level in the month of July, according to a report released by the Commerce Department on Monday. The Commerce Department said new home sales fell by 0.6 percent to an annual rate of 652,000 in July after surging by 4.1 percent to an upwardly revised rate of 656,000 in June.

RTTNews | 8 h 15 min atrás

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