Federal Reserve Board Chairman Jerome Powell speaks to reporters after the Federal Reserve raised its target interest rate by three-quarters of a percentage point to stem a disruptive surge in inflation, during a news conference following a two-day meeting of the Federal Open Market Committee (FOMC) in Washington, U.S., June 15, 2022. Elizabeth Frantz |
Finance
U.S. stock index futures were modestly higher during overnight trading on Wednesday after the Federal Reserve implemented the largest interest rate hike since 1994. Futures contracts tied to the Dow Jones Industrial Average added 0.22%. S&P 500 futures were up 0.23%, while Nasdaq 100 futures advanced 0.29%. The major averages ended Wednesday’s session higher, with
Traders on the floor of the NYSE, June 14, 2022. Source: NYSE Stock futures were little changed in overnight trading Tuesday as investors anxiously awaited the Federal Reserve’s aggressive action to tame surging inflation. Futures on the Dow Jones Industrial Average rose just 24 points. S&P 500 futures edged up 0.1% and Nasdaq 100 futures
Stocks may go into a deeper tailspin. Canaccord Genuity’s Tony Dwyer predicts 1980s-era interest rate hikes will exacerbate the turmoil and make a recession seem increasingly more likely. “Typically, I’ve been bullish over the years. But there’s a money availability problem,” the firm’s chief market strategist told CNBC’s “Fast Money” on Monday. “Ultimately, you have
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 3, 2022. Brendan McDermid | Reuters U.S. stock futures fell Sunday night as Wall Street tries to recover from one of its worst weeks of 2022. Futures tied to the Dow Jones Industrial Average dropped 115 points, or
In this article NFLX ILMN RENT SFIX MTN DOCU Check out the companies making headlines before the bell: DocuSign (DOCU) – The electronic-signature technology company’s stock plunged 26.1% in the premarket after its quarterly profit and revenue fell short of Wall Street forecasts. DocuSign had previously warned that a return to post-Covid working conditions could
Omar Marques | LightRocket | Getty Images The brokerage industry is exploring alternatives to payment for order flow as SEC chair Gary Gensler takes aim at the practice. One idea is coming from Apex Clearing, CNBC has learned. The clearing firm handles trades for SoFi, Webull and other fintechs and has been quietly building a
In this article 9866-HK FIVE SIG TSLA A Tesla dealership is seen in West Drayton, just outside London, Britain, February 7, 2018. Hannah McKay | Reuters Check out the companies making headlines in midday trading. Tesla — Shares rose about 2.2% after UBS upgraded the electric vehicle stock to buy from neutral. The firm said
Stock futures were flat in overnight trading Wednesday after the major averages ended the regular session lower and U.S. Treasury yields rose. Futures on the Dow Jones Industrial Average inched about 30 points higher, or 0.1%. S&P 500 futures and Nasdaq 100 futures were flat. Shares of Five Below dropped more than 6% in extended
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, June 7, 2022. Brendan McDermid | Reuters Stock futures fell marginally in overnight trading Tuesday after two consecutive days of gains on Wall Street. Futures on the Dow Jones Industrial Average dipped 55 points. S&P 500 futures and Nasdaq
Traders on the floor of the NYSE, June 3, 2022. Source: NYSE Stock futures were little changed Monday evening after a sleepy day of trading as investors await key inflation data due out later in the week. Futures tied to the Dow Jones Industrial Average inched higher by 0.01%. S&P 500 futures and Nasdaq 100
Traders on the floor of the NYSE, June 3, 2022. Source: NYSE Stock futures were little changed in overnight trading Sunday after a losing week as investors continued to bet that the Federal Reserve will tighten monetary policy aggressively to combat surging inflation. Futures on the Dow Jones Industrial Average gained 30 points. S&P 500