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☆ Stock futures are little changed after Dow posts four-day win streak: Live updates
▼ + stars: | 2024-05-06 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Traders work on the floor at the New York Stock Exchange (NYSE) in New York City, U.S., April 25, 2024. U.S. stock futures flickered near the flatline Monday evening after the Dow Jones Industrial Average wrapped its fourth positive day in a row. Dow futures inched higher by just 8 points, or 0.02%. S&P 500 futures ticked up 0.01%, while Nasdaq 100 futures slipped 0.03%. Investors carried over their bullish market sentiment from Friday, when the latest nonfarm payrolls data showed that job growth came in below expectations in April and unemployment ticked higher.

Persons: Rob Haworth, Haworth, Johnson Organizations: New York Stock Exchange, Dow Jones, Dow, Nasdaq, Federal Reserve, U.S . Bank, Disney, UBS, Johnson Locations: New York City, U.S, Swiss

☆ Oil prices rise on concerns of lower supply, signs of U.S. economic growth
▼ + stars: | 2024-04-04 | by ( ) www.cnbc.com time to read: +1 min

Oil prices rose in early Asian trade on Thursday on concerns of lower supply as major producers are keeping output cuts in place and on signs of stronger economic growth in the U.S., the world's biggest oil consumer. Brent futures for June rose 15 cents, or 0.2%, to settle at $89.51 a barrel at 0037 GMT. U.S. West Texas Intermediate (WTI) futures for May rose 15 cents, or 0.2%, to $85.59 a barrel. The comments were positive for oil because they indicated solid U.S. economic growth, said Rob Haworth, senior investment strategist for U.S. Bank's asset management group. In the Middle East, Iran has vowed revenge against Israel for an attack on Monday that killed high-ranking Iranian military personnel.

Persons: Brent, Jerome Powell, Rob Haworth, Israel Organizations: . West Texas, Oil, Organization of Petroleum, oversupply Locations: Los Angeles , California, U.S, Israel, Gaza, Iran, Russia, East

☆ Oil prices fall 1% after surprise US storage build
▼ + stars: | 2024-01-10 | by ( ) www.cnbc.com time to read: +2 min

Oil prices fell nearly a dollar a barrel on Wednesday after a surprise jump in U.S. crude stockpiles raised worries about demand in the largest oil market. Global benchmark Brent crude oil futures settled 79 cents, or 1%, to $76.80 a barrel. Early in the session, both contracts had risen by more than a dollar before the U.S. Energy Information Administration reported a surprise build in crude oil stockpiles and larger-than-expected jumps in storage of gasoline and distillates. Gasoline stocks rose by 8 million barrels while distillate stocks jumped by 6.5 million barrels, the EIA reported. Europe's weak economic outlook also added to oil demand concerns.

Persons: Rob Haworth, Haworth, Luis de Guindos, majeure Organizations: U.S . West Texas, Brent, U.S . Energy Information Administration, U.S, Bank Asset Management, EIA, European Central Bank, National Oil Corporation Locations: Nolan , Texas, U.S, Israel

☆ The market has shaken off government shutdowns in the past. Here's what Wall Street expects
▼ + stars: | 2023-09-29 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

A government shutdown looming on the horizon could dampen sentiment to start October even as Wall Street wraps up what's been a challenging month and quarter. Many market participants expect that the financial markets and economy will broadly shake off concerns from a shutdown as they have in the past. "The market's probably going to set it aside until or unless it starts to have a larger impact on behaviors." Economic impact Historically, government shutdowns have been relatively short-lived, though they have been longer and more disruptive recently. Meanwhile, Jay Woods, chief global strategist at Freedom Capital Markets, expects the government shutdown is "all bark and no bite" when it comes to market reaction.

Persons: Wells Fargo, Rob Haworth, Wells, Michael Pugliese, Bank's Haworth, Aditya Bhave, Jay Woods, Woods, Jeff Hirsch, Hirsch, Lamb Weston Organizations: RBC Capital Markets, Federal Reserve, U.S . Bank, Nasdaq, BEA, Bank of America U.S, Labor, Freedom Capital, Atlanta Fed's, PMI, Manufacturing, McCormick, ADP, Services PMI, Constellation Brands, Conagra, Consumer Credit Locations: Wells Fargo

☆ Stock futures are little changed after Tuesday's sharp losses: Live updates
▼ + stars: | 2023-09-26 | by ( Hakyung Kim | ) www.cnbc.com time to read: +2 min

Dow Jones Industrial Average futures rose by 34 points, or 0.1%. Futures linked to the S&P 500 inched up 0.1%, while Nasdaq 100 futures added 0.1%. Economists' estimates called for 695,000, per Dow Jones. Economists polled by Dow Jones had forecasted 105.5. Economists expect they declined 0.5%, according to Dow Jones.

Persons: Dow, Dow Jones, Rob Haworth, Blanke, Robert Schein, Schein Organizations: Dow Jones Industrial, Nasdaq, Costco, Homes, Census Bureau, Department of Housing, Urban Development, Conference, Bank Asset Management, Micron Technology Locations: U.S

☆ The Fed is expected to hold rates steady next week, but its guidance will be key for investors
▼ + stars: | 2023-09-15 | by ( Sarah Min | ) www.cnbc.com time to read: +5 min

The Federal Reserve is widely anticipated to hold rates steady in the week ahead, but key for investors will be the central bank's guidance on where it's headed from here. Investors are assessing a mixed batch of economic reports ahead of the Fed's September policy meeting. Meanwhile, August retail sales came in better than expected, jumping 0.6% against a 0.1% increase expected by economists. Housing data released in the week ahead could show whether housing demand remains solid. Week ahead calendar All times ET.

Persons: Bank's Rob Haworth, Jerome Powell, Powell, Hogan, Instacart, Arm's, Mills, Lisa Cook, —, Jeff Cox, Michael Bloom Organizations: Federal Reserve, Dow Jones, Dow, Nasdaq, Investors, PPI, Federal, Riley, FedEx, Housing, Philadelphia Fed, Darden, FactSet, Systems, National Bureau of Economic Research, Artificial Intelligence, PMI, SA, PMI Manufacturing SA, PMI Services SA Locations: NAHB, Toronto, Canada

Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, U.S., August 29, 2023. The S&P 500 climbed 0.38% to end at 4,514.87 points. Of the 11 S&P 500 sector indexes, nine rose, led by information technology (.SPLRCT), up 0.83%, followed by a 0.51% gain in energy (.SPNY). Advancing issues outnumbered falling ones within the S&P 500 (.AD.SPX) by a 1.9-to-one ratio. The S&P 500 posted 24 new highs and one new low; the Nasdaq recorded 70 new highs and 76 new lows.

Persons: Brendan McDermid, Rob Haworth, Haworth, Brown, Forman, BFb.N, Jack Daniels, Shristi Achar, Noel Randewich, Savio D'Souza, Vinay Dwivedi, Richard Chang Organizations: New York Stock Exchange, REUTERS, Visa, Mastercard, Nasdaq, Dow, U.S, Bank Wealth Management, Nvidia, HP Inc, Traders, Treasury, Dow Jones, Investors, Monday's U.S, Labor, Thomson Locations: New York City, U.S, Monday's, Bengaluru, Oakland, Calif

☆ Stock futures are little changed as investors look ahead to next batch of corporate earnings: Live updates
▼ + stars: | 2023-08-22 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures are near flat Tuesday night as investors awaited on the latest crop of corporate earnings reports from well-known names including Nvidia . S&P 500 and Nasdaq 100 futures also each climbed 0.1%. The moves follow a mixed session on Wall Street. The S&P 500 and Dow slid around 0.3% and 0.5%, respectively. Of the more than 95% of S&P 500 companies that have delivered results, about four out of five have exceeded Wall Street expectations.

Persons: Foot, Kohl's, Fitch, Snowflake, Dow, Macy's, Lowe's, Rob Haworth, They'll, Jerome Powell Organizations: New York Stock Exchange, Stock, Nvidia, Dow Jones Industrial, Nasdaq, Urban Outfitters, Retail, Abercrombie, Dick's Sporting Goods, U.S . Bank Locations: what's, Jackson Hole , Wyoming

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. West Texas Intermediate (WTI) crude futures gained 86 cents, or 1.1%, to settle at $81.25 a barrel, and Brent crude futures rose 68 cents, or 0.8%, to settle at $84.80 a barrel. Those concerns, spurred on by output cuts from the Organization of the Petroleum Exporting Countries and allies, helped oil prices gain for seven straight weeks since June. Higher borrowing costs can impede economic growth and in turn reduce overall demand for oil. Hatfield said he expects demand to hold up in China despite its slowing economy and forecast oil prices would trade between $75 to $90 a barrel over the coming months.

Persons: Brent, WTI, Rob Haworth, Haworth, Jay Hatfield, Hatfield, Shariq Khan, Natalie Grover, Paul Carsten, Sudarshan, Shri Navaratnam, Jamie Freed, Conor Humphries, Jane Merriman, Barbara Lewis, David Gregorio Our Organizations: REUTERS, West Texas, Brent, Organization of, Petroleum, U.S, Bank Asset Management, U.S . Federal Reserve, Infrastructure Capital Management, Thomson Locations: Zhoushan, Zhejiang province, China, BENGALURU

An aerial view shows a crude oil tanker at an oil terminal off Waidiao island in Zhoushan, Zhejiang province, China January 4, 2023. "Prices are likely to remain range-bound for now," Haworth said, adding that demand is in question for investors worried by the weak data from China. Higher borrowing costs can impede economic growth and in turn reduce overall demand for oil. Oil benchmarks were further depressed by seasonal demand weakness heading into the autumn, said Jay Hatfield, CEO of Infrastructure Capital Management. Hatfield said he expects demand to hold up in China despite its slowing economy and forecast oil prices would trade between $75 to $90 a barrel over the coming months.

Persons: Brent, Rob Haworth, Haworth, Jay Hatfield, Hatfield, WTI, Natalie Grover, Paul Carsten, Sudarshan, Shri Navaratnam, Jamie Freed, Conor Humphries, Jane Merriman, Barbara Lewis Organizations: REUTERS, U.S . West Texas, U.S, Bank Asset Management, U.S . Federal Reserve, Infrastructure Capital Management, Organization of, Petroleum, Thomson Locations: Zhoushan, Zhejiang province, China, BENGALURU, U.S, London, Singapore

☆ Nasdaq 100 futures rise slightly as investors weigh Big Tech earnings, await key jobs data: Live updates
▼ + stars: | 2023-08-03 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Futures linked to the tech-heavy index rose about 0.2%, as did S&P 500 futures . A deluge of earnings reports released after the bell sent individual stocks moving. Beyond mega-cap tech, Airbnb slid after the company said nights and experiences booked grew at a slower rate than Wall Street anticipated. Roughly 79% of S&P 500 companies have given results, with about 80% surpassing Wall Street expectations, according to FactSet. The Nasdaq Composite and S&P 500 — down about 2.5% and 1.8%, respectively — are poised to post their worst weekly performances since March.

Persons: Airbnb, Rob Haworth, Haworth, Dow Jones, nonfarm, — Organizations: New York Stock Exchange, Nasdaq, Dow Jones, Amazon, Apple, Wall, Traders, Investors, Federal Reserve, U.S . Bank, Treasury, Dow

"The oil market is starting to slowly price in a looming supply crunch," Price Futures Group analyst Phil Flynn said. "Global supplies are starting to tighten and that could accelerate dramatically in the coming weeks. A shutdown of the grain corridor could hit supplies of ethanol and biofuels that are blended with oil products at a time that global grain markets are already tightening, which would lead to refiners using more crude oil, Flynn said. Meanwhile, U.S. energy firms this week reduced the number of oil rigs by seven, their biggest cut since early June, energy services firm Baker Hughes said. At 530, the U.S. oil rig count, an early indicator of future output, is at its lowest since March 2022.

Persons: WTI, Phil Flynn, Flynn, Baker Hughes, Suhail, Mazrouei, Rob Haworth, Shariq Khan, Natalie Grover, Arathy, Andrew Hayley, Marguerita Choy, David Holmes Organizations: Brent, U.S . West Texas, Futures, Energy Information Administration, EIA, UAE Energy, Reuters, P, U.S, Bank Asset Management, Thomson Locations: Russia, Ukraine, China BENGALURU, U.S, Bengaluru, London, Houston, Beijing

Brent crude futures rose $1.43, or 1.8%, to settle at $81.07 a barrel. U.S. West Texas Intermediate crude futures rose $1.42, or 1.9%, to settle at $77.07 a barrel, the highest since April 25. "The oil market is starting to slowly price in a looming supply crunch as it is on track for its fourth week of price gains," Price Futures Group analyst Phil Flynn said. In the U.S., crude inventories (USOILC=ECI) have fallen, amid a jump in crude exports and higher refinery utilisation, the Energy Information Administration (EIA) said on Wednesday. Data from the world's second-biggest oil consumer suggests the government's 5% annual growth target will be missed.

Persons: Brent, Phil Flynn, Flynn, Suhail, Mazrouei, Jay Hatfield, Rob Haworth, Shariq Khan, Natalie Grover, Arathy, Andrew Hayley, Marguerita Choy, David Holmes Organizations: Friday, Brent, . West Texas, Futures, Energy Information Administration, EIA, UAE Energy, Reuters, Infrastructure Capital Management, P, U.S, Bank Asset Management, Thomson Locations: Russia, Ukraine, China BENGALURU, U.S, China, Bengaluru, London, Houston, Beijing

☆ The mortgage market isn't sending the signal homebuyers need on affordability
▼ + stars: | 2023-07-17 | by ( Tim Mullaney | ) www.cnbc.com time to read: +6 min

Usually around 1.75 percentage points, and as low as 1.3 in 2021, the so-called mortgage spread is hovering at more than 3 percentage points now. And that is propping up mortgage rates, keeping home owners from selling their homes and buying nicer ones, and hurting first-time buyers, Yun said. Why mortgage spreads should move lowerLogically, mortgage spreads should move down sharply from here, thanks to the recent spate of good economic news, and bring relief to home buyers who have seen affordability deteriorate sharply since 2020. But as the Fed began raising interest rates in March 2022, mortgage rates rose even faster than bond yields. Mortgage rates also dropped, to 6.89% last Friday from a recent peak of 7.22%, according to Mortgage News Daily.

Persons: Lawrence Yun, Yun, Logan Mohtashami, Fannie Mae, Freddie Mac, Rob Haworth, Banks, refinance, Haworth, Neel Kashkari Organizations: National Association of Realtors, Federal Reserve, Fed, Bank, Atlanta Federal Reserve, Mortgage News, HousingWire, Treasury, U.S . Bank, Minneapolis Federal Reserve Bank Locations: Stockton , California, treasuries, Silicon, U.S, Irvine , Calif, Seattle

Brent crude futures fell $2.95, or 3.9%, to settle at $71.84 a barrel, their lowest since Dec. 2021. Goldman Sachs cut its oil price forecasts early on Sunday, citing higher-than-expected supplies later this year and through 2024. The bank's December crude price forecast now stands at $86 a barrel for Brent, down from $95, and at $81 a barrel for WTI, down from $89. "The Fed meeting and inflation pressures remain key issues for the market this week," said Rob Haworth, senior investment strategist at U.S. Bank Asset Management. Also weighing on investors' minds, oil demand recovery has been muted in China, the top importer of crude oil and refined products.

Persons: Brent, Goldman Sachs, Goldman capitulating, Matt Smith, Robert Yawger, Rob Haworth, Haworth, Yawger, WTI, Shariq Khan, Noah Browning, Florence Tan, Mohi Narayan, Emelia Sithole, Jason Neely, Paul Simao, Sharon Singleton, Deepa Babington, David Gregorio Our Organizations: U.S, Federal Reserve, Brent, West Texas, U.S . Federal Reserve, Bank Asset Management, of Petroleum, International Energy Agency, Saudi, Thomson Locations: BENGALURU, U.S, China

"The Saudi cut lifted prices slightly, and then the chatter of the potential return of Iranian barrels saw a large drop. Oil prices had risen early in the week, buoyed by Saudi Arabia's pledge over the weekend to cut more output on top of the cuts agreed earlier with the Organization of the Petroleum Exporting Countries and its allies. However, a rise in U.S. fuel stocks and weak Chinese export data have weighed on the markets. Some analysts expect oil prices to rise if the U.S. Federal Reserve pauses hiking interest rates at its next meeting over June 13-14. The Fed's decision may also influence Saudi Arabia's next move, analysts said.

Persons: Brent, Giovanni Staunovo, Saudi Arabia's, Rob Haworth, Craig Erlam, Shariq Khan, Shadia Nasralla, Yuka Obayashi, Marguerita Choy, Richard Chang Organizations: Saudi, Brent, U.S . West Texas, Organization of, Petroleum, Northern, U.S, Bank Asset Management, U.S . Federal, Thomson Locations: China, BENGALURU, U.S, Iran, Saudi, US

☆ Oil gains after Saudi warns short-sellers: 'watch out'
▼ + stars: | 2023-05-23 | by ( ) www.cnbc.com time to read: +2 min

Oil prices rose on Tuesday on forecasts for a tighter gasoline market and a warning from the Saudi energy minister to speculators that raised the prospect of further OPEC+ output cuts. Brent crude futures rose 85 cents, or 1.1%, to settle at $76.84 a barrel, while the U.S. West Texas Intermediate (WTI) crude futures settled at $72.91 a barrel, up 86 cents, or 1.2%. On Monday, prices rose 1% on optimism fed by a surge in U.S. gasoline futures. Gasoline futures rose 1.2% on Tuesday, with analysts expecting a third straight weekly decline in inventories ahead of peak summer travel season which starts on the U.S. Memorial Day holiday on May 29. Erlam added Brent crude prices need to rise above $77.50 a barrel to signal a sentiment shift.

Persons: U.S ., Craig Erlam, Erlam, Brent, haven't, Rob Haworth Organizations: Brent, U.S . West Texas, U.S, U.S . Memorial, American Petroleum Institute, U.S . Energy, Administration, of Petroleum, Strategic Petroleum Reserve, Bank Wealth Management Locations: Saudi, U.S, Russia, OPEC

☆ Good news for markets next week. Everyone agrees the debt ceiling 'X-date' is not here yet
▼ + stars: | 2023-05-12 | by ( Scott Schnipper | ) www.cnbc.com time to read: +6 min

Good news for markets next week: no default, no credit agency downgrade, no apocalypse. Worrying 2011 precedent Recent history tells investors that stocks will move more violently during a debt ceiling standoff. Retail sales update Debt negotiations aside, investors get updates next week on the state of American consumer spending when April retail sales are reported Tuesday alongside earnings from Home Depot. Deutsche Bank estimates that April retail sales expanded month over month by 0.7%, the market consensus. Credit Suisse is less optimistic, forecasting that April retail sales grew by 0.6%, but, excluding vehicles, were unchanged.

☆ Stock markets nervous about Fed pivot and banking sector
▼ + stars: | 2023-05-04 | by ( ) www.reuters.com time to read: +4 min

"The Fed decision was widely expected, so it didn't provide much of a shock to financial markets," Tina Teng, market analyst at CMC Markets, in Auckland. "However, I think the whole economic playout is not positive, especially the recent banking rout from the regional banks, and those big banks taking over the smaller banks. It's not a good sign, and risks are spreading out into the wider banking system, which worries investors." E-mini futures for the S&P 500 fell 0.22%, reflecting the dramatic slide in regional banking shares after the close of U.S. markets. The Fed is trying to indicate a direction, and the market is looking further down the path than the Fed's willing to communicate."

☆ Instant View: Fed hikes another 25 basis points, hints it may be the last increase
▼ + stars: | 2023-05-03 | by ( ) www.reuters.com time to read: +7 min

TOM GARRETSON, STRATEGIST, RBC PORTFOLIO ADVISORY GROUP, MINNEAPOLIS, MINNESOTA"It was a pretty dovish rate hike today. The expectations were that it might be a bit more of a hawkish rate hike in terms of leaving the door open to further hikes if needed." "The updated language in the policy statement does suggest the bar is going to be quite high for further rate hikes. … The market is hoping or expecting the Fed to pause after this rate hike. From a consumer credit perspective, the impact of further rate hikes will likely continue to be felt by borrowers across a range of industries.

☆ Stock futures are little changed as investors weigh health of job market and economy: Live updates
▼ + stars: | 2023-04-05 | by ( Alex Harring | ) www.cnbc.com time to read: +2 min

Stock futures were near flat Wednesday night as investors considered what the latest data suggested about the health of the broader economy. Those moves come as investors digest the latest data released this week to see if the labor market has shown signs of weakening. Investors will watch Thursday for jobless claims data for more insights into the strength of the labor market. Thursday will cap off a shortened trading week with the market closed for Good Friday. But investors will still follow Friday's data on nonfarm payrolls, the unemployment rate and hourly wages.

☆ Stocks climb and U.S. yields fall after inflation data
▼ + stars: | 2023-03-31 | by ( Chuck Mikolajczak | ) www.reuters.com time to read: +4 min

On the heels of the inflation data, Boston Federal Reserve president Susan Collins said it remains "early days yet" for the central bank in determining whether the Fed has hiked rates enough to lower inflation to its 2% target. The pan-European STOXX 600 index (.STOXX) rose 0.66% and MSCI's gauge of stocks across the globe (.MIWD00000PUS) gained 0.75%. Expectations the Fed may be nearing the end of its rate hiking cycle have helped send U.S. Treasury yields lowerrecently. The dollar pared some gains against the euro in the wake of the U.S inflation data, as investors see the Fed pausing its rate hiking cycle before the European Central Bank. The dollar index rose 0.117%, with the euro down 0.25% to $1.0874.

☆ The Dow's yearly performance is beating the S&P 500 by the most in decades. Here's why
▼ + stars: | 2022-12-21 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +7 min

The S & P 500 has shed more than 18% on the same basis, and the Nasdaq Composite is down more than 32% . It's rare that the Dow would beat out the S & P 500 on a total-return basis at all. "Over time, the Dow correlates with the S & P 500," said Howard Silverblatt, senior index analyst for S & P Dow Jones Indices. On the flipside, large tech names in the S & P 500 have done much worse. In addition, Wall Street analysts say it is unlikely that the Dow will again outperform the S & P 500 in 2023.

☆ 2023 should be a brighter year for the traditional 60/40 portfolio
▼ + stars: | 2022-12-21 | by ( Carmen Reinicke | ) www.cnbc.com time to read: +7 min

Investors who stuck to the traditional portfolio breakdown of 60% allocated to stocks and 40% allocated to bonds were hit hard this year as both asset classes shed value. Bonds also lost value for investors this year, going against the traditional correlation where they act as a hedge to stock market volatility. Still, most analysts don't expect the year to yield a worse performance than 2022 for the standard 60/40 portfolio. That bodes well for investors who still have a traditional portfolio balance. And even though the traditional 60/40 portfolio had a dismal 2022, investors shouldn't write it off.

☆ Wall St posts fourth straight drop, Treasury yields rise as recession fears weigh
▼ + stars: | 2022-12-19 | by ( Stephen Culp | ) www.reuters.com time to read: +4 min

[1/2] A trader works on the trading floor at the New York Stock Exchange (NYSE) in New York City, U.S., December 14, 2022. "(Investors are) worried about recession and higher rates and there’s not a lot of news to reverse the trend." Emerging market stocks rose 0.02%. U.S. Treasury yields rose as investors considered how high the Federal Reserve will hike interest rates in its protracted battle against inflation. Gold inched lower in thin trading, as rising yields on expected future interest rate hikes helped offset weakness in the greenback.

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