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Stock futures rose slightly in overnight trading as Wall Street looked ahead to a key inflation reading that could impact the Federal Reserve's next rate move. Futures tied to the Dow Jones Industrial Average rose 87 points, or 0.25%. Disney gained 2% after announcing an upcoming price hike for ad-free Disney+ subscriptions. The Dow Jones Industrial Average dropped about 191 points, or 0.54%, while the S&P 500 shaved off 0.7%, and the Nasdaq Composite shed 1.17%. Many on Wall Street are hoping for more signs of disinflation through the CPI report, and Friday's producer price index.
Persons: Dow Jones, Sahak Manuelian, CNBC's, Ralph Lauren Organizations: New York Stock Exchange, Stock, Federal, Dow Jones, Nasdaq, Disney, Wynn Resorts, Traders, Wedbush Securities, CPI, PPI, Six
Watch CNBC's full interview with Sahak Manuelian and Paul Hickey
  + stars: | 2023-06-21 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Sahak Manuelian and Paul HickeySahak Manuelian, Wedbush head of equity trading and Paul Hickey, Bespoke Investment Group co-founder, join 'Closing Bell Overtime' to discuss the day's market action, individual sector performance, and more.
Persons: Sahak Manuelian, Paul Hickey Sahak Manuelian, Paul Hickey Organizations: Investment Group
In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailMarket was overbought in the short-term 'but is still in a good position': Wedbush's Sahak ManuelianSahak Manuelian, Wedbush head of equity trading and Paul Hickey, Bespoke Investment Group co-founder, join 'Closing Bell Overtime' to discuss the day's market action, individual sector performance, and more.
Persons: Paul Hickey Organizations: Investment Group
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Wedbush Securities' Sahak Manuelian on state of the stock marketSahak Manuelian, Wedbush Securities head of equity trading, joins 'Closing Bell Overtime' to discuss the ADP's employment report, waning inflationary data, and opportunities for equities in the second half of 2023.
Organizations: Wedbush Securities
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailCurrent valuations make the tech sector look more attractive, says Wedbush's Sahak ManuelianMeghan Shue of Wilmington Trust and Sahak Manuelian, Wedbush Securities, join 'Closing Bell: Overtime' to discuss market trends and sector leaders.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailThe chip industry is probably closer to a trough than a peak, says Wedbush's Sahak ManuelianSahak Manuelian, Wedbush head of equity trading, joins 'TechCheck' to discuss chip stocks lagging market performance, job cuts intensifying in the tech sector into 2023 and Big Tech earnings relative to growth.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC's full interview with Citi's Scott Chronert and Wedbush Securities' Sahak ManuelianScott Chronert, Citi U.S. equity strategist, and Sahak Manuelian, Wedbush Securities head of equity trading, join 'Closing Bell' to reflect on Big Tech earnings, the rate implications for tech valuations and the economic fallout of higher rates.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAs we enter recession territory next year, we'll find much of tech is earnings resilient, says Citi's ChronertScott Chronert, Citi U.S. equity strategist, and Sahak Manuelian, Wedbush Securities head of equity trading, join 'Closing Bell' to reflect on big tech earnings, the rate implications for tech valuations and the economic fallout of higher rates.
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailAn end to the Fed tightening cycle would offer a great tailwind for equities, says Sahak ManuelianSahak Manuelian, Wedbush Securities managing director, joins 'Closing Bell' to respond to Jamie Dimon's forecast for a 20% drop in the S&P 500, and share his expectations for Fed action considering global risks.
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