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Inventory futures are little modified because the S&P 500 appears to be like to carry on to report

Stock futures are little changed as the S&P 500 looks to hold on to record

Futures contracts, which are pegged to the major US stock indices, changed little on Monday after the S&P 500 posted its best week since February and a new record on Friday.

Futures pegged to the S&P 500 hovered around the flatline and those pegged to the Dow Jones Industrial Average fell 17 points. Nasdaq 100 futures rose 0.2%.

A massive, bipartisan infrastructure deal appeared to be resurrected on Sunday evening after President Joe Biden made it clear on Saturday that he would not veto the bill if it comes without a separate Democrat-favored reconciliation bill. Republican senators then said on Sunday that the deal can move forward.

The president, flanked by a bipartisan group of senators, said Thursday that after weeks of negotiations, the group had reached a billion-dollar deal to improve the country’s roads, bridges, waterways and broadband. Democrats are pushing for a second bill that would include funding for issues such as climate change, childcare, health care and education.

Caterpillar stocks were higher in the pre-trading session and should add to their gains last week.

“The bipartisan infrastructure deal negotiated in Washington DC last week seems to have a chance of becoming a reality,” wrote John Stoltzfus, chief investment strategist at Oppenheimer Asset Management, in a press release. “This program could serve the country in the short and long term in job creation, economic growth, corporate sales and profit growth, and US ability to compete with other nations in the relatively new but hypercompetitive twenty-first century compete.”

Stocks had their best week in months on Friday as investors become more confident that current US inflation is not a persistent economic threat, but rather a temporary upward trend.

The S&P 500 finished Friday with a record high of 4,280.70 while the Dow rose 237.02 points, less than 2% off its record high. While the Nasdaq Composite closed slightly lower on Friday, it rose 2.35% for the week, its best since April 9, and rose 4.45% for the month of June.

The weekly gains even came after the Commerce Department reported that the inflation indicator rose 3.4% in May, the fastest increase since the early 1990s.

Spikes in the core consumer spending index can cause heartburn among investors as the Federal Reserve likes to watch it for signs of inflation. Still, the increase actually fell short of what economists polled by Dow Jones had forecast, and reaffirmed for investors that macroeconomic price increases are likely to be temporary and manageable.

The next key economic data is the June job report that the Department of Labor is slated to release on Friday.

Economists expect the number of non-farm workers to have increased by 683,000 in June. While such a robust figure would top 559,000 in May, it would still be below the 1 million some had hoped a US economy could see a rebound after the Covid-19 crisis.

Investors will also check the June report for signs of wage inflation as employers struggle to find workers to fill positions and pandemic-era unemployment benefits run out in some states.

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U.S. inventory futures rise because the S&P 500 heads for its finest week since April

Stocks drift higher at open, S&P 500 trades just under record

US stock futures rose Friday, with the S&P 500 heading for its best week since April as a comeback from last week’s swoon caused by worries over a more restrictive Federal Reserve.

The Dow Jones Industrial Average futures rose 89 points, or 0.3%. S&P 500 futures gained 0.1% and Nasdaq 100 futures gained 0.2%.

The S&P 500, which closed on a record Thursday, is up 2.4% this week, which would be its best gain since early April. The Dow is up 2.7% this week and the Nasdaq is up 2.4% since last Friday.

Nike stock rose 12% in pre-trading hours, which helped boost sentiment for the Dow. The company reported profits and revenues that exceeded Wall Street estimates. Digital sales have also increased by 41% since last year and by 147% compared to two years ago.

Caterpillar shares rose 2.6% on Thursday on optimism about an infrastructure deal. The shares were up another 1% in the pre-trading session on Friday.

On the flip side, FedEx was down 4% in pre-trading on Friday, despite outperforming it in gains and gains. FedEx also gave a strong outlook for the year.

Major US bank stocks rose after the Federal Reserve announced that the industry could easily weather a severe recession. The Fed announced when it released the results of its annual stress test that the 23 institutions in the 2021 test had remained “well above” the minimum capital requirement during a hypothetical economic downturn. The decision paved the way for banks to increase dividends and buy back more shares that were suspended during the pandemic.

Bank of America and Wells Fargo gained 1.4% and 2%, respectively, early on.

Investors will be on the lookout for a key inflation indicator on Friday morning when the Department of Commerce releases its core consumer spending index. Economists polled by Dow Jones expect prices to have risen 3.4% year over year in May. Economists also estimate that prices rose 0.6% from April to May.

The index tracks price movements across a wide range of goods and services. It is also generally viewed as a broader measure of inflation as it captures changes in consumer behavior and has a broader scope than the Department of Labor’s consumer price index.

On Thursday, the Dow Jones Industrial Average rose 322 points and the S&P 500 hit a new high of 4,266.49 after up 0.6%.

The tech-heavy Nasdaq Composite rose to a new record of 14,369.71 as investors continued to invest in growth stocks. Cathie Wood’s flagship fund, ARK Innovation, gained 1.5% and performed well for the year.

President Joe Biden announced Thursday that the White House had signed an infrastructure deal with a non-partisan group of senators. Legislators have worked for weeks to put together a roughly $ 1 trillion package that could get through Congress with support from both parties. Among other things, the framework provides for new expenditures of 579 billion US dollars for transport such as roads, bridges and rail, the infrastructure for electric vehicles and electric mass transit.

Last week the Dow fell 3.5% and the S&P 500 lost 1.9% as the Federal Reserve extended its rate hike schedule.

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Inventory futures begin month barely decrease after main indexes noticed beneficial properties in Might

Stock futures slip as Wall Street looks to rebound from losing week

Traders on the floor of the New York Stock Exchange.

Source: NYSE

Stock futures are slightly lower in overnight trading after major indexes saw gains in May.

Futures on the Dow Jones Industrial Average fell 30 points, or 0.09%. S&P 500 futures shed 0.09% and Nasdaq 100 futures ticked 0.04% lower.

The moves in overnight trading come after the blue-chip Dow and the S&P 500 gained 1.93% and 0.55% in May, respectively, to mark their fourth consecutive positive month. The S&P 500 closed Friday just 0.8% off its record high.

The small cap Russell 2000 rose 0.11% in May to post its eighth positive month in a row — its longest monthly win streak since 1995.

The Nasdaq gained 2.06% last week to post its best weekly performance since April. However, the tech-heavy composite lost 1.53% in May, breaking a 6-month win streak.

A key inflation gauge — the core personal consumption expenditures index — rose 3.1% in April from a year earlier, faster than the forecasted 2.9% increase. Despite the hotter-than-expected inflation data, treasury yields fell on Friday.

“Overall, given the market’s reaction to [Friday]’s PCE release, investor concerns about inflation may have been exaggerated — or perhaps already priced in,” Chris Hussey, a managing director at Goldman Sachs, said in a note.

“Consensus may be building that the inflation we are seeing today is ‘good’ inflation — the kind of rise in prices that accompanies accelerating growth, not a monetary policy mistake,” Hussey said.

Investors are awaiting the Federal Reserve’s meeting scheduled for June 15-16. Key for the markets is whether the Fed begins to believe that inflation is higher than it expected or that the economy is strengthening enough to progress without so much monetary support. 

May’s employment report, set to be released on Friday, will provide a key reading of the economy. According to Dow Jones, economists expect to see about 674,000 jobs created in May, after the much fewer-than-expected 266,000 jobs added in April.

Zoom Video Communications and Hewlett Packard Enterprise are set to report quarterly earnings results on Tuesday after the bell.

— CNBC’s Patti Domm contributed reporting.

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Inventory futures edge greater following a rebound day on Wall Avenue

Stock futures edge higher following a rebound day on Wall Street

Traders on the floor of the New York Stock Exchange.

Source: NYSE

Stock futures rose early Friday after averages rebounded from a three-day losing streak the day before, led by technology stocks.

Futures on the Dow Jones Industrial Average showed an opening gain of around 65 points. S&P 500 futures and Nasdaq 100 futures also traded slightly higher.

The futures move followed a comeback day on Wall Street with the Dow gaining 186 points and the S&P 500 and Nasdaq Composite ending the day 1.06% and 1.77% higher, respectively. Microsoft, Facebook, and Alphabet all gained more than 1%, while Netflix and Apple each gained more than 2%.

Stocks of Tesla and other speculative parts of the market rebounded as Bitcoin prices rebounded after a roller coaster ride on Wednesday. However, Bitcoin briefly went negative after the finance department called for stricter cryptocurrency compliance with the IRS.

A new pandemic low in unemployment claims also added to the mood on Thursday. Initial unemployment benefits for the week ending May 15 stood at 444,000, the lowest since March 14, 2020, the Labor Department reported Thursday. Economists polled by Dow Jones had expected 452,000 new claims.

“Thursday’s improvement in jobless claims confirms our view that April’s disappointing job report was more of a slip than a sign of slowdown, and we expect the labor market to see significant improvement in the coming months,” he said Scott Ruesterholz, Portfolio Manager at Insight Investment.

Despite Thursday’s rebound, the Dow is down 0.9% over the past week on track to see its fourth negative week in the past five weeks. The S&P 500 is 0.4% lower from the week, in line with the pace of the second negative week in a row. The Nasdaq Composite is up 0.8% and is positioned to break a 4-week losing streak.

Home Depot shares rose 0.66% in expanded trading Thursday after the retailer announced a new $ 20 billion share buyback program. Home Depot’s announcement came after the company reported first quarter earnings and sales on Tuesday that weighed on analysts’ expectations

– CNBC’s Yun Li contributed to this report.

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Inventory futures dip barely after Wall Avenue’s worst week since February

Stock futures dip slightly after Wall Street's worst week since February

Dealer on the floor of the NYSE.

Source: NYSE

Stock futures fell back in overnight trading on Sunday after last week’s sell-off triggered by inflationary fluctuations.

The futures on the Dow Jones Industrial Average were down 60 points. S&P 500 futures and Nasdaq 100 futures also traded in slightly negative territory.

Bitcoin price fell more than 7% to around $ 44,000 after Tesla CEO Elon Musk hinted in a Twitter exchange on Sunday that the electric vehicle maker may have dumped its Bitcoin holdings. Last week, for environmental reasons, Tesla decided to stop Bitcoin for car purchases.

Wall Street has had one of the wildest weeks of 2021, with the S&P 500 down 4% midweek on heightened inflation fears. The broad equity benchmark ended the week after a consecutive rally with a loss of 1.4%. The tech-heavy Nasdaq Composite, which was particularly hard hit by higher price pressures, fell 2.3% last week. The blue chip Dow fell 1.1% over the period. All three benchmarks had their worst week since February 26th.

“Not only [last] The week’s events are a warning sign of how uncomfortable inflationary pressures can get, but also a warning sign of how overbought the stock markets have become, “JPMorgan chief executive officer Nikolaos Panigirtzoglou said in a note.

Last week’s data showed that the consumer price index was up 4.2% yoy in April. This was the fastest rate since 2008, adding to fears that the Federal Reserve may be forced to taper its loose monetary policy if price pressures persist.

The Fed’s minutes of its last meeting, released on Wednesday, may provide some clues as to how policymakers are thinking about inflation.

Elsewhere, the first quarter earnings season ends with more than 90% of the S&P 500 companies reporting their results. So far, 86% of the S&P 500 companies have reported a positive EPS surprise. That would be the highest percentage of positive earnings surprises since 2008 when FactSet started tracking this metric.

Walmart, Home Depot and Macy’s will all be making profits on Tuesday.

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Business

Gasoline futures bounce as a lot of significant pipeline stays shutdown following cyberattack

Ransomware attack forces shutdown of largest fuel pipeline in the U.S.

Signage will be displayed on a fence at the Colonial Pipeline Co. Pelham intersection and terminal in Pelham, Alabama, USA on Monday, September 19, 2016.

Luke Sharrett | Bloomberg | Getty Images

Fuel prices rose in stores on Sunday evening as one of the largest pipelines in the US remains closed after a cybersecurity attack.

West Texas Intermediate’s crude oil futures, the US oil benchmark, rose 47 cents to $ 65.37 a barrel. The international benchmark Brent crude was trading at $ 68.76 a barrel, which translates into a profit of 48 cents. Natural gas futures were trading at $ 2.96 per million British thermal units, while gasoline futures rose 3% to $ 2.193 per gallon.

Colonial Pipeline announced Sunday evening that some of its smaller side lines between terminals and delivery points are back online, but the main lines are still down.

“We are in the process of restoring service to other side panels, and will only bring our entire system back online if we believe it is safe and fully comply with all federal regulations,” the company said in a statement.

How quickly service is restored in the pipeline remains the deciding factor. While fuel depots are usually stored for a few days in tank farms, a prolonged outage can lead to an increase in fuel prices.

The Colonial Pipeline, which operates the largest pipeline transporting fuel from the Gulf Coast to the northeast, “suspended all pipeline operations” on Friday evening as a proactive measure following a ransomware cyberattack.

The pipeline is an essential part of the US petroleum infrastructure and transports around 2.5 million barrels of gasoline, diesel fuel, heating oil and jet fuel every day. The pipeline is more than 5,500 miles and carries nearly half of the east coast’s fuel supply. The system also supplies fuel to airports, including in Atlanta and Baltimore.

“Without this there is no transport in the region, so it is important that the pipeline is back on stream as soon as possible,” said Patrick De Haan, Head of Petroleum Analysis at GasBuddy. “The effects will potentially increase exponentially after about day 5,” he added.

President Joe Biden was notified of the pipeline’s closure Saturday morning, and the Department of Homeland Security’s cybersecurity and infrastructure security agency is coordinating with the Colonial Pipeline.

US Secretary of Commerce Gina Raimondo said on Sunday that “everything is on deck at the moment”.

“We are working closely with the company, state and local authorities to ensure that they are back to normal operations as soon as possible and that there are no disruptions in supply,” she told CBS ‘Face the Nation.

The pipeline failure comes as Americans start traveling again as restrictions are lifted and Covid vaccination rollout accelerates. On Friday, the TSA checked more than 1.7 million passengers, the highest figure in more than a year.

“The colonial outage comes at a critical time for the recovering US economy: the start of the summer driving season,” said ClearView Energy Partners. “Persistent disruption that causes pump prices to rise significantly could increase the prospect of domestic policy intervention,” the company added.

The national average for a gallon of gasoline was $ 2,962 on Sunday, up 60% year over year, according to AAA.

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– CNBC’s Emma Newburger contributed to the coverage.

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World News

S&P, Nasdaq 100 futures are larger after Apple & Fb beat estimates

S&P, Nasdaq 100 futures are higher after Apple & Facebook beat estimates

US stock index futures were higher early Thursday morning after major averages posted losses the previous day.

Futures contracts linked to the Dow Jones Industrial Average gained 88 points. S&P 500 futures and Nasdaq 100 futures also traded in positive territory.

The strong quarterly results from Apple and Facebook have fueled the future. Sales rose 54% for the quarter, with each product category posting double-digit growth, according to Apple. The company also announced it would increase its dividend by 7% and approved share buybacks of $ 90 billion. Facebook revenue increased 48% due to more expensive ads. Apple shares rose more than 2% in after-hours trading, while Facebook rose 6.15%.

The main averages closed in the red during normal trading. The Dow lost 165 points and lost 0.48%. The S&P 500 hit a record high but failed to sustain those gains and closed 0.08% lower. The Nasdaq Composite was down 0.28%.

The Federal Reserve said Wednesday that it would keep interest rates near zero. The S&P slid from its high after Federal Reserve Chairman Jerome Powell said during a press conference following the Federal Open Market Committee’s decision that there was some signs of froth in the market.

“Interest rates are unchanged for now, and despite the improvement in economic data, the cone talk was off the table at today’s Federal Reserve meeting,” said Bethany Payne, portfolio manager at Janus Henderson.

“As vaccination rates accelerate, employment boosts and expansive fiscal policies continue to support household and corporate incomes, investors are now looking for signs of whether the central bank’s safety net may be pulled out sooner than expected,” she added.

Thursday is the busiest day of the winning season. Around 11% of the S&P 500 is to be updated quarterly. Caterpillar, McDonald’s, Comcast, and Merck are among the names on deck before the market opens. Amazon, Gilead Sciences, Twitter, US Steel and Western Digital will publish quarterly results after the market closes.

According to Refinitiv, as of Wednesday morning, 86% of the S&P 500 components reported were above earnings estimates, with earnings 22.7% above expectations. In terms of sales, 77% of companies exceeded expectations.

The economic data released on Thursday will give investors a glimpse of the progress of the economic recovery. The first jobless claim numbers are released, with economists polled by Dow Jones expecting a pressure of 528,000. Pending home sales are also posted.

“The primary market trend remains positive,” said Keith Lerner, chief marketing strategist at Truist. “We expect a more troubled environment, however, as tensions between better economic growth and better earnings prospects versus the potential for higher taxes and rising interest rates as the economy normalizes,” he added.

Thursday marks the 100th day of President Joe Biden’s tenure. On Wednesday evening, he gave his first address to a joint congressional session where he unveiled his previously popular agenda, which included a $ 2 trillion infrastructure plan and a freshly unveiled $ 1.8 trillion plan for families, Includes children and students.

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Inventory futures are flat after S&P 500 and Nasdaq shut at information, Tesla shares decline

Stock futures are flat after S&P 500 and Nasdaq close at records, Tesla shares decline

Stock futures were unchanged on Tuesday as investors braced themselves for a large amount of technical gains.

Futures on the Dow Jones Industrial Average lost 30 points. The S&P 500 futures were flat. The Nasdaq 100 futures were also flat.

Tesla’s shares fell 3% in premarket trading even after the electric automaker posted a record $ 438 million profit. Tesla also significantly exceeded Wall Street’s earnings and earnings expectations, fueled by bitcoin sales and regulatory credit. Stocks have struggled this year, more than 18% from their record. Though the stock is still up 360% over the past 12 months.

The winning season for the first quarter starts in full swing on Tuesday. Major tech companies like Alphabet, Microsoft, and AMD are reporting after the bell.

So far, 84% of companies have had a positive earnings surprise, according to FactSet, as around a third of the S&P 500 have reported numbers. However, share movements were relatively subdued after the strong results as the market was at record levels with high valuations.

GameStop’s stock rose more than 8% in premarket trading after the video game retailer said it sold 3.5 million additional shares and raised $ 551 million to accelerate the company’s e-commerce transformation .

The S&P 500 rose to another record high on Monday, while the tech-heavy Nasdaq Composite rose 0.9% to hit its first new record high since February 12.

“Strong action suggests stocks may have even more upside,” said Jeff Buchbinder, equity strategist at LPL Financial. “Although valuations are elevated, they still seem reasonable given interest rates and inflation.”

The Federal Reserve starts its two-day session on Tuesday. The central bank is not expected to take action, but economists expect it to defend its policies to keep inflation running hot.

Apple and Facebook wins will follow after the bell on Wednesday.

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S&P 500 futures fall barely in in a single day buying and selling, Netflix shares tank

S&P 500 futures fall slightly in overnight trading, Netflix shares tank

Trader on the New York Stock Exchange.

Source: NYSE

Stock futures fell slightly in night trading Tuesday as Netflix stocks fell sharply, suggesting a third consecutive negative day on Wall Street.

S&P 500 futures fell 0.1% and Nasdaq 100 futures fell 0.4%. Futures on the Dow Jones Industrial Average traded near the flat line.

Netflix shares fell about 9% in expanded trading after the streaming giant reported subscriber additions well below Wall Street estimates as the pandemic’s surge in demand wore off. However, Netflix did better than expected in the first quarter.

Wall Street has suffered consecutive losses as the reopening dragged the market down amid renewed concerns about the rising number of new Covid cases around the world. The Dow fell 250 points on Tuesday for its worst daily performance since March 23, while the S&P 500 and Nasdaq fell 0.7% and 0.9%, respectively.

United Airlines fell 8.5% on Tuesday after the airline reported its fifth straight quarterly loss, saying business and international travel are still far from recovering. The State Department said it would increase “do not travel” advice to 80% of the world’s countries, adding that the pandemic poses an “unprecedented risk to travelers”.

The Cboe Volatility Index, also known as the VIX or Market Fear Indicator, rose for two consecutive days to top 18 after hitting a 14-month low last week.

Companies have posted solid quarterly results, but the bar is high to lift the stock market to record highs this year after a strong rally. The Dow and S&P 500 are still up 10% over the year after breaking records on Friday.

“This has been a very good earnings season as 90% of the S&P 500 companies had robust results. The problem with stocks, however, is that most of the good news has already been priced in,” said Edward Moya, senior market analyst at Oanda in one Note.

Verizon and Chipotle Mexican Grill are expected to report numbers on Wednesday.

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Inventory futures combined forward of main company earnings

Stock futures mixed ahead of major corporate earnings

US stock futures rose slightly early on Tuesday morning as investors prepared for the next corporate earnings.

Dow futures rose 63 points. S&P 500 futures and Nasdaq 100 futures both traded in slightly positive territory.

The main averages fell on Monday, reflecting the general weakness in the tech sector. The Dow Jones Industrial Average lost more than 120 points, hurt by a more than 1.5% drop in Intel stock.

The S&P 500 fell more than 0.5%.

The Nasdaq Composite was the relative underperformer, falling nearly 1% as Facebook, Amazon and Microsoft all closed lower. Tesla fell more than 3% over the weekend as Bitcoin – which makes up part of Tesla’s balance sheet – fell after an all-time high of $ 64,841 on Wednesday morning, according to Coin Metrics.

The small-cap benchmark Russell 2000 fell 1.4% on Monday.

“Real estate and healthcare had another good day last week to build on outperformance and technology stocks pulled back today after a strong start into April,” said Jim Paulsen, chief investment strategist at Leuthold Group. “The US dollar’s recent decline this month has accelerated today, driving raw material prices higher, keeping energy stocks below today’s leaders.”

The first quarter earnings season got off to a good start last week, major US banks reported. Financial results exceeded expectations by 38%, while others in the S&P 500 surprised upward by 12%, according to data from Credit Suisse.

The winning season continues on Tuesday with streaming giant Netflix after the bell. Wall Street analysts expected Netflix to remain a winner in the streaming arena even as the pandemic recovery improves.

More big reports from Johnson & Johnson, Procter & Gamble and Travelers land before the market opens. CSX and Interactive Brokers publish the results after the bell.

“The bond market will continue to be the focus this week after last week’s inexplicable slump in 10-year bond yields amid surprisingly strong economic data. The 10-year return, which is back above 1.6% today, is driven by both bonds as well as stocks, traders are watching closely this week to see if the next move is back above 1.7% or if the technical level is retested below 1.5%, “added Paulsen.

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