EUR/USD 1.02897
-0.176%
Gold 2696.37
0.706%
Oil 79.113
2.826%
USD/JPY 156.462
-0.965%
GBP/USD 1.22432
0.225%
GBP/JPY 191.546
-0.712%
Browse More
  • English
  • 简体中文
  • 繁體中文
  • Tiếng Việt
  • ไทย
  • Indonesia
Subscribe
Real-time News
January 16, Tesla (TSLA.O) closed up 8% on Wednesday. The U.S. core CPI rose less than expected, and the market rebounded. This may put the Federal Reserve on the path of interest rate cuts, which will help more people afford new cars. Rivian (RIVN.O), General Motors (GM.N) and Ford Motor (FN) all had good gains, up 4.5%, 1.5% and 1.7% respectively, but Tesla still ranked at the top. Investors are not bothered by Musks new lawsuit with the SEC. In addition, Barclays analyst Dan Levy raised Teslas target share price from $270 to $325, maintaining a hold rating, but his target price is still lower than the current price. Levy said that the stock price has "departed from fundamentals" since the November 5 election. As of Wednesday, Teslas stock price has risen by about 70% (about $177) since the election, during which time analysts average target price for Tesla shares has risen from $235 to around $317 (about $82).US financial regulators fined BLOCK INC $80 million for violating anti-money laundering laws.Nate Anderson, founder of short-selling agency Hindenburg: Decided to dissolve Hindenburg.Canadian Prime Minister Trudeau: All options are under consideration for possible countermeasures to US tariffs.The Dow Jones Industrial Average closed at 43,221.55 on Wednesday, January 15, up 703.27 points, or 1.65%. The S&P 500 closed at 5,949.91 on Wednesday, January 15, up 107.00 points, or 1.83%. The Nasdaq Composite closed at 19,511.23 on Wednesday, January 15, up 466.84 points, or 2.45%.

The Dow Futures drop following a strong week

Charlie Brooks

Jul 11, 2022 10:59

20.png


After major benchmark indexes completed the week higher, U.S. stock futures dropped during Sunday evening trade as investors anticipated company earnings reports and important inflation data.


By 7:00pm ET (11:00pm GMT), the Dow Jones Futures were down 0.2 percent , the S&P 500 Futures were down 0.3 percent , and the Nasdaq 100 Futures were down 0.4 percent .


Ahead this week, market participants will concentrate on new CPI data, with the inflation rate predicted to hit 8.8 percent, the highest level since December 1981. Investors will examine, among other data releases, retail sales, manufacturing production, Michigan consumer mood, NFIB Small Business Optimism, consumer inflation expectations, producer pricing, export and import prices, and the New York Empire State Manufacturing Index.


PepsiCo Inc (NASDAQ:PEP) and Delta Air Lines Inc (NYSE:DAL) are scheduled to report earnings on Tuesday and Wednesday, respectively, while JPMorgan Chase & Co (NYSE:JPM), Morgan Stanley (NYSE:MS), Wells Fargo & Company (NYSE:WFC), and Citigroup Inc (NYSE:C) are scheduled to report earnings later in the week.


During trading on Friday, the Dow Jones Industrial Average sank 46.4 points, or 0.2 percent, to 31,338.2, the S&P 500 finished 0.3 points, or 0.1 percent, down at 3,894.4, and the NASDAQ Composite climbed for the sixth consecutive day, adding 14 points, or 0.1 percent, to 11,635.3. The Dow rose 1.4 percent for the week, while the S&P 500 climbed 2.7 percent and the NASDAQ gained 6.1 percent .


On the bond markets, 10-Year United States rates jumped to 3.08 percent.


Suggestion