- Spark Newswire

4 minute read

After the Jobs Report, Investors are Looking at The Fed for Tapering Signals

Today, 5:48 AM

Investors were in wait-and-see mode before the Employment Situation Report and then the volatility hit. Non-farm job growth was expected to be around 500,000 but the number was only 194,000. This shows how difficult predicting job growth has been during the pandemic.

EBAY

4 minute read

Unexpected Help from Moscow Could Bring Relief to Energy Crises

By JJ Kinahan

Today, 5:48 AM

Stocks look to push higher for the third day in a row as futures point to a higher open. Stocks built some positive momentum on Wednesday with news of a temporary debt ceiling resolution and easing in the global energy crunch. The developments appear to have assuaged investor fears and now investors may see the pullback as buying opportunity.

APP

5 minute read

Airlines Downgraded by Goldman Sachs Despite Higher Bookings

By JJ Kinahan

Today, 5:48 AM

Wall Street appears to be living up to its roller coaster reputation as stock futures point to a lower open after yesterday’s rally. Inflation continues to be a concern for investors. European markets were shaken by European natural gas prices which exploded 13% overnight.

AAL

5 minute read

Rising Oil Prices and Yields Makes Market Navigation More Complex

By JJ Kinahan

Today, 5:48 AM

Bitcoin (/BTC) topped $50,000 this morning for the first since May, but traders may be more focused on oil prices and yields. Crude oil (/CL) is continuing its rise as futures traded more than 1% higher before the market open.

AAL

5 minute read

Tesla and Merck Give Investors Some Hope

By JJ Kinahan

Today, 5:48 AM

Friday’s rally appears to have lost its momentum over the weekend because stock futures are trading lower before Monday’s open. China’s troubled real estate developer Evergrande continues to be a drag on stocks. Hong Kong’s Hang Seng Index (HIS:HK) dropped 2% as trading on Evergrande was halted.

GILD

6 minute read

Merck Announcement Helps Prompt Positive Pre-Market Price Moves

By JJ Kinahan

Today, 5:48 AM

The new quarter appears to be starting off on a slightly higher note as futures are pointing to a positive opening.

BBBY

9 minute read

Closing Out the Quarter: Tech Rebounds a Bit but Supply Chain Issues Slam Bed, Bath & Beyond

By JJ Kinahan

Today, 5:48 AM

With Treasury yields losing a bit of their grip and volatility edging lower, stocks have a slight green tint this final morning of the quarter. Barring one of the greatest rallies ever, September is going to be a down month.

BBBY

8 minute read

Jobs, Jobs Jobs: October’s Focus Turns to Key Employment Data as Fed Waits in Wings

By JJ Kinahan

Today, 5:48 AM

For Fed watchers, Sept. 22 was a “eureka” moment that could help determine where Wall Street heads in October. That was the day Fed Chairman Jerome Powell helped light up the market by hinting that a “taper” could be closer than ever.

6 minute read

Technology Stocks Pull Down the S&P 500, Can Other Sectors Pull It Higher?

By JJ Kinahan

Today, 5:48 AM

Futures are pointing to a higher open. News and announcements were light before the open which gave investors a chance to digest Tuesday’s selloff. The selloff was orderly which may suggest that the selloff wasn’t a taper tantrum but a “normal” September slump where money managers are rearranging their portfolios for the final quarter.

AAPL

6 minute read

Troubling Tuesday: Second Selloff in Seven Sessions Comes as Tech Gets Hit by Yield Climb

By JJ Kinahan

Today, 5:48 AM

Investors probably look forward to Friday more than usual this week. That’s because Friday is the start of a new month, ending what’s been a disappointing and ugly September that got uglier Tuesday as rising Treasury yields and a volatile situation in Washington took their collective tolls.

AAPL