US stock futures were mostly up Sunday evening as investors came off a volatile stretch marked by the government shutdown ending, a stalled rally in the tech sector, and fading hopes for Federal Reserve rate cuts before a crucial update on the US labor market. Dow Jones Industrial Average futures (YM=F) held steady, while contracts…
By Jamie McGeever ORLANDO, Florida (Reuters) -Tech shares on Wall Street took a beating on Thursday after some megacap earnings reports, while the dollar and U.S. bond yields rose further following the Fed’s “hawkish” rate cut as investors also digested the outcome of the U.S.-China leaders’ summit. In my column today, I consider one overlooked…
By Lewis Krauskopf NEW YORK (Reuters) -Next week’s U.S. jobs data may need to tread a fine line for Wall Street, revealing a cooling labor market that supports further interest rate cuts without fueling fears about a recession. While stocks have edged lower this week, U.S. equity indexes remain near record highs after a relentless…
(Bloomberg) — The Federal Reserve poured fresh fuel on the Wall Street rally this week, pushing September toward the broadest cross-asset surge since the 2021 frenzy — with fear in retreat and greed unleashed. Most Read from Bloomberg An interest-rate cut meant to cushion the weakening labor market might once have sparked caution. Instead, it…
By Purvi Agarwal and Sukriti Gupta (Reuters) – U.S. stock index futures gained on Thursday, with those tied to the S&P 500 and the Nasdaq at record highs a day after the U.S. central bank delivered a quarter-point interest rate cut, while Intel climbed after Nvidia decided to build a stake in the company. Intel…
“ US stocks pulled back from records on Tuesday as the Federal Reserve kicked off its September policy meeting. “ The benchmark S&P 500 (^GSPC) and the tech-heavy Nasdaq Composite (^IXIC) slipped roughly 0.1%. The Dow Jones Industrial Average (^DJI) fell about 0.3%. “ In an otherwise light week on economic data, investors received the…
Wall Street closed sharply higher on Thursday, pulled up by materials and discretionary stocks. Inflation numbers and labor market data released through the day further fueled the notion that there would be multiple rate cuts in 2025 by the Fed starting next week. All three benchmark indexes finished in the green, attaining record closes. The…
US nonfarm payrolls for the 12 months ended March 2025 were slashed by 911,000 jobs, according to preliminary revisions released Tuesday by the Bureau of Labor Statistics. Economists had predicted a downward shift of 682,000 jobs for the period, according to analysts tracked by Bloomberg data. The revisions follow an August payrolls increase of only…
US stock futures trod water on Tuesday as investors waited for a revision to jobs numbers, seen as likely to show further labor-market weakness that could reset expectations for interest-rate cuts. Dow Jones Industrial Average futures (YM=F) nudged up 0.1%, while those on the S&P 500 (ES=F) gained 0.2%. Contracts on the tech-heavy Nasdaq 100…
US stock futures nudged up on Tuesday as investors eyed the prospects for interest-rate cuts ahead of marquee inflation readings later in the week, with Apple’s (AAPL) annual iPhone event in closer view. Futures attached to the Dow Jones Industrial Average (YM=F) hovered above the flat line, while those on the S&P 500 (ES=F) inched…