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☆ Stock futures fall as Wall Street awaits the Fed's preferred inflation gauge: Live updates
▼ + stars: | 2024-02-28 | by ( Samantha Subin | ) www.cnbc.com time to read: +2 min

Stock futures fell as Wall Street weighed the latest earnings results and looked ahead to the Federal Reserve's favored inflation gauge. Futures tied to the Dow Jones Industrial Average slipped 80 points, or 0.2%. The S&P 500 futures and Nasdaq 100 futures edged down 0.2% and 0.25%, respectively. The 30-stock Dow lost 0.06% and fell for a third consecutive session, while the S&P 500 inched down 0.17%. The S&P 500 has jumped 4.6%, while the Dow has added 2.1%.

Persons: Salesforce, Okta, Joe Mazzola, Charles Schwab's, Dow, John Williams Organizations: New York Stock Exchange, Stock, Federal, Dow Jones, Nasdaq, Dow, Hewlett Packard Enterprises, Bath, Body, New York Federal Reserve Bank Locations: Snowflake, Chicago

☆ Wall Street will try to maintain AI-fueled momentum in the final week of February, as inflation concerns linger
▼ + stars: | 2024-02-23 | by ( Sarah Min | ) www.cnbc.com time to read: +8 min

In the final week of February, Wall Street will strive to maintain its AI-fueled rally even as economic concerns linger and the Federal Reserve's favorite inflation measure is on deck. But many worry the writing is on the wall for these market leaders as economic and inflation risks linger. The 'lone cloud' of inflation The Fed's preferred inflation gauge will also be released in the week ahead. Investors are concerned that sticky inflation will mean that the Fed will hold onto its higher-for-longer interest rate policy. Next week will also be the final week of February, with stocks headed for another strong month of gains.

Persons: Goldman Sachs, Patrick McDonough, Europe's, PGIM's McDonough, McDonough, Charlie Ashley, Dhaval Joshi, Joshi, Ashley, John Williams, TJX Cos Organizations: Dow Jones Industrial, Nasdaq, Nvidia, Japan's Nikkei, Catalyst Funds, BCA Research, CPI, PPI, Dow, New, Dallas Fed, Fidelity National Information Services, Richmond Fed, eBay, Enterprise, Cruise Line Holdings, New York Federal Reserve Bank, York, Monster Beverage, Paramount Global, PCE Deflator, Chicago PMI, . Kansas City Fed Manufacturing, Hewlett Packard Enterprise, Autodesk, Body, Hormel, PMI, Manufacturing Locations: U.S, Lowe's, Chicago, . Kansas, Michigan

☆ Wall Street will seek confirmation the Fed is done in next week's big inflation data
▼ + stars: | 2023-11-10 | by ( Sarah Min | ) www.cnbc.com time to read: +6 min

Economists polled by FactSet expect U.S. inflation to have risen just 0.1% last month and 3.3% from the year-ago period. Cracks in consumer data Investors will also watch for the October retail sales data for insight into the consumer, who has thus far proven resilient even in the face of higher interest rates and inflation. Investors will also be watching for the October producer price index (PPI) data on Wednesday, as well as housing data on Friday. Monday Nov. 13 Earnings: Tyson Foods Tuesday Nov. 14 8:30 a.m. CPI (October) 8:30 a.m. Hourly Earnings final (October) 8:30 a.m. Average Workweek final (October) Earnings: Home Depot , Charles Schwab Wednesday Nov. 15 8:30 a.m.

Persons: Amy Magnotta, It's, There's, Gregory Daco, he'll, Ned Davis Research's, Joe Kalish, NDR's Kalish, Jeff Klingelhofer, Magnotta, Tyson, Charles Schwab, John Williams Organizations: Federal, Dow Jones Industrial, Nasdaq, Federal Reserve, Ategenos, FactSet, Thornburg Investment Management, Walmart, CPI, PPI, Retail, Palo Alto Networks, Price, Philadelphia Fed, Manufacturing, . New York Federal Reserve, . Kansas City Fed Manufacturing, Ross Stores, Body, Housing Locations: . New, NAHB, . Kansas, Bath

☆ Americans notched the biggest annual increase in credit card debt on record last quarter
▼ + stars: | 2023-11-07 | by ( Phil Rosen | ) www.businessinsider.com time to read: +3 min

New York Fed economists said Tuesday US credit card balances grew $48 billion in the third quarter. AdvertisementAdvertisementEconomists at the New York Federal Reserve said Tuesday Americans' credit card balances grew by $48 billion in the third quarter, or about 4.7%, with the total amount reaching $1.08 trillion. Credit card debt hit $1 trillion for the first time ever this past summer. "But credit card delinquencies continue to rise from their historical lows seen during the pandemic and have now surpassed pre-pandemic levels." Close to 9.5% of credit card balances were more than 90 days delinquent last quarter, up from 8% in the second quarter and 7.6% during the third quarter of last year.

Persons: — Organizations: Service, New York Federal Reserve, New York Federal, New York Fed

☆ Wall Street will try to maintain momentum next week after a strong start to November
▼ + stars: | 2023-11-03 | by ( Sarah Min | ) www.cnbc.com time to read: +7 min

Stocks will try to maintain their upward momentum next week after a strong start to November, with Treasury yields falling from their highs and investors betting the Federal Reserve may well be done raising interest rates. Those gains came after the Fed kept rates unchanged for a second straight meeting, and as bond yields tumbled. Earnings and economic data Of course, investors will absorb some notable data next week. "Bond yields are the primary concern for investors and what drives bond yields are supply and demand," Stovall said. Initial Claims (11/04) Earnings: Wynn Resorts Friday, Nov. 10, 2023 10 a.m. Michigan Sentiment preliminary (November) 2 p.m. Treasury Budget (October)

Persons: Stocks, Sam Stovall, Stovall, FactSet, D.R, Horton, Jerome Powell, he's, they've, Dave Sekera, Cook, John Williams, Sekera, you've, Erika H, James, Ralph Lauren, Warner Organizations: Treasury, Reserve, Nasdaq, Fed, Stock Traders, International Monetary Fund, Morningstar Research Services, Duke University, New York Federal Reserve, Duke University ,, Economic Club of New, Harvard Club, Consumer Credit, Occidental Petroleum, eBay, Air Products, Chemicals, DC, Walt Disney Company, MGM Resorts International, Warner Bros, Wynn Resorts, Treasury Budget Locations: Michigan, U.S, Washington ,, Duke University , Durham, N.C, Economic Club of New York, Horton, Washington, a.m

☆ Morning Bid: Blue chips cheered up
▼ + stars: | 2023-02-23 | by ( ) www.reuters.com time to read: +5 min

[1/2] The logo of technology company Nvidia is seen at its headquarters in Santa Clara, California February 11, 2015. Its CEO Jensen Huang said use of its chips to power AI had "gone through the roof in the last 60 days." The Federal Reserve at least seems keen on the higher-for-longer message that's shaken world stock and bond markets this week. And as the minutes pre-date red-hot jobs and retail data for January, the message from Fed officials is probably even sterner now. A Reuters poll of equity analysts showed global stock markets are expected to correct in the next three months.

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