Oil Trading Higher On Hurricane Supply Woes, Stronger Demand
There’s a mixed tone early after an overnight rally flagged amid political turmoil in Washington, D.C., and concerns about more supply chain challenges.
Inflation Appears To Be Setting The Tone For Stocks Going Forward
Nike (NYSE: NKE) was trading down 5% in pre-market action after reporting lower than expected revenues last quarter and slashed its revenue projections. The company cited high demand for its athletic gear, but the broken supply chain is giving Nike issues in Vietnam and Indonesia.
Chinese Real Estate Giant Evergrande Expected To Pay Off Some Debt
Wall Street got some clarification from the Fed yesterday after a long wait, which helps explain why major indices are painted green this morning. The Fed basically said the economy is doing better, and that’s good to hear.
Major Indices Fall On Chinese Real Estate Debt: Eyes Are On Fed
It was “manic Monday” on Wall Street.
Ripple Effect Pressuring Global Stock Markets
The orderly selloff we’ve been having just got a bit disorderly. The markets started the week feeling like it was a Manic Monday with stock futures sharply lower on extended concerns regarding China’s real estate sector.
Breaking Down The Inflation Numbers Draws Attention To Oil Prices
Oil futures (/CL) are up 1% this morning ahead of the crude oil inventories report. While the NY Empire State Manufacturing Index was nearly double forecast. However, the news failed to move markets.
Playing Yo-Yo: Market Swings Up And Down Amid Lack Of Major Data, Earnings
Inflation continues to be a major issue, but today’s August consumer price index (CPI) report offered a flash of hope for anyone who wants to see prices start coming down a bit.
Tech Market In Focus After Big Friday Slide From Apple, Alphabet Following Judge’s Decision
September has a bad reputation around Wall Street. It’s living up to that so far as last week was the worst in three months, but some green shoots pushed through the sidewalk cracks this morning as eyes turn to the Tech sector after a ragged Friday.
Taper Or Tarry: Will Delta, Inflation, And Employment Data Spur Fed Action Or Delay?
It makes sense that tonight is the start of football season because the market’s been taking a few hits.
Major indices headed lower again overnight as the mood seems to remain cautious. Treasury yields fell ahead of a series of auctions that could help us get a sense of how much demand is out there for U.S. debt.
Downgrades On Economy And Pandemic Pharmaceuticals
The futures markets are pointing to a lower open on Wednesday, weighed down by European markets. The uncertainty around infrastructure, stimulus, and other government spending appears to be on investor’s minds.