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Futures got a lift after data showed initial claims for state unemployment benefits rose 13,000 to a seasonally adjusted 196,000 for the week ended Feb. 4. The data comes on the heels of a strong January employment report that rattled markets last week. "There are so many companies that are laying off people and that eventually is going to weaken the job market. ET, Dow e-minis were up 213 points, or 0.63%, S&P 500 e-minis were up 33 points, or 0.8%, and Nasdaq 100 e-minis were up 160.5 points, or 1.28%. Ralph Lauren Corp (RL.N) gained 2.4% after beating quarterly revenue expectations on resilient demand for its high-end clothing and accessories.

☆ Futures rise on earnings optimism, Disney climbs on revamp plan
▼ + stars: | 2023-02-09 | by ( ) www.reuters.com time to read: +3 min

Casino stocks Wynn Resorts (WYNN.O) and MGM Resorts International (MGM.N) gained about 5% each after reporting fourth-quarter results, with Wynn indicating a meaningful return of visitation and demand in Macau during the recent Chinese New Year holiday period. PepsiCo Inc (PEP.O) rose 1.4% as the soda maker reported better-than-expected results for its fourth quarter. Of more than half of the S&P 500 companies that have reported fourth-quarter results so far, 69% have topped analysts' earnings estimates, as per Refinitiv IBES data. ET, Dow e-minis were up 254 points, or 0.75%, S&P 500 e-minis were up 37.25 points, or 0.9%, and Nasdaq 100 e-minis were up 162.5 points, or 1.3%. Reporting by Sruthi Shankar, Medha Singh and Johann M Cherian in Bengaluru; Editing by Sriraj KalluvilaOur Standards: The Thomson Reuters Trust Principles.

Expectations of high rates for a protracted period dragged Wall Street's main indexes down on Monday. So far, 272 companies on the S&P 500 have reported quarterly earnings, with 69.1% of them beating expectations, according to Refinitiv. ET, Dow e-minis were down 108 points, or 0.32%, S&P 500 e-minis were down 7.25 points, or 0.18%, and Nasdaq 100 e-minis were down 1.5 points, or 0.01%. DuPont (DD.N) reversed earlier declines to rise 1.0%, on a higher-than-expected quarterly profit supported by higher pricing for its products. Reporting by Shubham Batra in Bengaluru; Editing by Savio D'Souza and Saumyadeb ChakrabartyOur Standards: The Thomson Reuters Trust Principles.

☆ Asia stocks steady, dollar firm as investors consider higher rate outlook
▼ + stars: | 2023-02-07 | by ( Scott Murdoch | Thomson Reuters | Scott Murdoch Has Been A Journalist For More Than Two Decades Working For Thomson Reuters | ) www.reuters.com time to read: +4 min

Australia's S&P/ASX200 (.AXJO) was trading higher ahead of the Reserve Bank's decision but slid into negative territory after the official cash rate was raised by 25 basis points. Hong Kong's Hang Seng Index (.HSI) was trading 0.67% higher and China's bluechip CSI300 Index (.CSI300) was up 0.07%. The two-year yield , which rises with traders' expectations of higher Fed fund rates, touched 4.4267% compared with a U.S. close of 4.456%. The repricing of higher rates began after strong U.S jobs growth in January, with employment rising 517,000, more than double economists expectations. The dollar index , which tracks the greenback against a basket of major trading partner currencies, was down marginally at 103.45 from its U.S. trading levels.

☆ Futures inch higher ahead of Powell speech
▼ + stars: | 2023-02-07 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Futures: S&P up 0.13%, Nasdaq up 0.27%, Dow flatFeb 7 (Reuters) - U.S. stock index futures edged higher on Tuesday, ahead of a speech by Federal Reserve Chair Jerome Powell later in the day that will be parsed for further clues on how long the central bank will keep interest rates higher. Nasdaq 100 e-minis rose the most among futures tracking Wall Street's three main indexes. Expectations of high rates for a protracted period dragged Wall Street's main indexes down on Monday. So far, 254 companies on the S&P 500 have reported quarterly earnings, with 69.3% of them beating expectations, according to Refinitiv. ET, Dow e-minis were up 4 points, or 0.01%, S&P 500 e-minis were up 5.25 points, or 0.13%, and Nasdaq 100 e-minis were up 34 points, or 0.27%.

☆ Futures fall with eyes on earnings
▼ + stars: | 2023-02-06 | by ( ) www.reuters.com time to read: +2 min

Companies reporting quarterly results this week include Walt Disney Co (DIS.N) and PepsiCo Inc (PEP.O), while Tyson Foods Inc (TSN.N), Lowe's Cos Inc (LOW.N), Activision Blizzard Inc (ATVI.O) and Cummins Inc (CMI.N) report results later in the day. Halfway through the earnings of the S&P 500 companies, 69.6% have reported results above expectations, according to Refinitiv. Overall, analysts still expect quarterly earnings of S&P 500 firms declining 2.7%. Job growth in the U.S. accelerated sharply in January, with nonfarm payrolls surging by 517,000 jobs, well above an estimate of 185,000. ET, Dow e-minis were down 237 points, or 0.7%, S&P 500 e-minis were down 37 points, or 0.89%, and Nasdaq 100 e-minis were down 144.25 points, or 1.14%.

☆ Futures fall as megacaps slide on downbeat earnings
▼ + stars: | 2023-02-03 | by ( ) www.reuters.com time to read: +2 min

Shares of Wall Street heavyweights Apple (AAPL.O), Amazon Inc (AMZN.O) and Alphabet Inc (GOOGL.O) declined between 3.5% and 6% in premarket trading. The economy is expected to have added 185,000 jobs, fewer than the 223,000 additions in December. The unemployment rate is expected to tick higher to 3.6% in January, from 3.5% in December. The unemployment rate is expected to tick higher to 3.6% in Janaury, from 3.5% in December. ET, Dow e-minis were down 81 points, or 0.24%, S&P 500 e-minis were down 29.25 points, or 0.7%, and Nasdaq 100 e-minis were down 181.5 points, or 1.41%.

☆ Nasdaq futures jump more than 1% on Meta surge, Fed relief
▼ + stars: | 2023-02-02 | by ( ) www.reuters.com time to read: +1 min

SummarySummary Companies Futures: Nasdaq up 1.44%, S&P up 0.50%, Dow down 0.13%,Feb 2 (Reuters) - Nasdaq futures jumped on Thursday as Meta Platforms surged after announcing rigorous cost controls, while a dovish message from Federal Reserve Chair Jerome Powell boosted bets of a softer landing for the U.S. economy. Shares of other growth companies including Apple Inc (AAPL.O), Alphabet Inc (GOOGL.O) and Amazon.com Inc (AMZN.O) rose between 1.1% and 4.3%. The three companies are slated to report quarterly results after market close. ET, Dow e-minis were down 45 points, or 0.13%, S&P 500 e-minis were up 20.75 points, or 0.5%, and Nasdaq 100 e-minis were up 179 points, or 1.44%. A 0.2% decline in shares of drugmaker Merck & Co (MRK.N) ahead of its quarterly report weighed on Dow futures.

Investors will also parse Chair Jerome Powell news conference for clues on the trajectory of future rate hikes. Meanwhile, the ADP National Employment report showed that private payrolls increased by 106,000 in January, lower than expectations of 178,000 additions. Snap Inc (SNAP.N) tumbled 12.5% after the social media company said it expects current-quarter revenue to decline by as much as 10%. ET, Dow e-minis were down 138 points, or 0.4%, S&P 500 e-minis were down 9.75 points, or 0.24%, and Nasdaq 100 e-minis were down 8.25 points, or 0.07%. Dow Jones Industrial Average component (.DJI) Amgen Inc (AMGN.O) dipped 0.6% as the drugmaker said its fourth-quarter revenue fell slightly.

☆ Futures drop as earnings roll in, Fed rate decision in focus
▼ + stars: | 2023-01-31 | by ( Johann M Cherian | ) www.reuters.com time to read: +2 min

Fourth-quarter earnings season took center stage, with Caterpillar Inc (CAT.N) down 2.6%, as the heavy equipment maker reported a drop in quarterly profit on higher manufacturing costs. Pfizer Inc (PFE.N) slid 3.2% after the drugmaker's full-year revenue outlook for its COVID-19 products fell short of expectations. As many as 140 S&P 500 companies had reported earnings for the fourth-quarter by Monday. ET, Dow e-minis were down 111 points, or 0.33%, S&P 500 e-minis were down 11 points, or 0.27%, and Nasdaq 100 e-minis were down 50.25 points, or 0.42%. (This story has been corrected to say Caterpillar reported a drop in quarterly profit, not missed analysts' estimates, in paragraph 2)Reporting by Johann M Cherian and Shreyashi Sanyal in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Interest rate announcements are also due on Thursday from the Bank of England and the European Central Bank - and both are expected to hike rates by 50 bps. Equity markets may have factored in the end of central bank rate hikes, but they do not yet reflect the potential hit to earnings from a slowing economy, Schneller said. U.S. stock futures, the S&P 500 e-minis , were down 0.3%. read moreU.S. stock futures fell, pointing to a lower open for the benchmark indices following Monday's losses. U.S. Treasury yields edged lower ahead of the central bank meetings and economic data, with the benchmark 10-year note last down 3 basis points at 3.524% .

☆ Asian stocks edge down as investors eye central bank hikes
▼ + stars: | 2023-01-31 | by ( Julie Zhu | ) www.reuters.com time to read: +4 min

Interest rate announcements are due on Thursday from both the Bank of England and the European Central Bank - and both are expected to hike rates by 50 bps. U.S. stock futures, the S&P 500 e-minis , were down 0.06%. The Dow Jones Industrial Average (.DJI) fell 0.8% to 33,717.09, the S&P 500 (.SPX) lost 1.3% to 4,017.77 and the Nasdaq Composite (.IXIC) dropped 2.0% to 11,393.81. Despite Monday's declines, the S&P 500 remained on track to post its biggest January gain since 2019. In the energy market, oil prices fell ahead of the expected hikes by central banks and signals of strong Russian exports.

☆ Asian stocks slip as investors eye central bank hikes
▼ + stars: | 2023-01-31 | by ( Julie Zhu | ) www.reuters.com time to read: +3 min

Jan 31 (Reuters) - Asian shares traded cautiously and bonds nursed small losses on Tuesday as investors braced for an eventful week that includes central bank meetings, a slew of earnings reports and key U.S. economic data. Rate announcements are due on Thursday from both the Bank of England and the European Central Bank - and both are expected to hike rates by 50 bps. U.S. stock futures, the S&P 500 e-minis , rose 0.1%. The Dow Jones Industrial Average (.DJI) fell 0.8% to 33,717.09, the S&P 500 (.SPX) lost 1.3% to 4,017.77 and the Nasdaq Composite (.IXIC) dropped 2.0% to 11,393.81. Despite Monday's declines, the S&P 500 remained on track to post its biggest January gain since 2019.

Jan 31 (Reuters) - U.S. stock indexes were set to open higher on Tuesday after wage growth data pointed to easing inflation ahead of the Federal Reserve's decision on interest rates. U.S. labor costs increased less than expected last quarter as wage growth slowed, suggesting that the central bank's aggressive approach to taming inflation was taking hold. "Labor costs are still high, but this means costs have come down, and that's a key factor for future wage inflation." The U.S. 10-year Treasury yield fell after the labor costs data, and was last at 3.50% compared to 3.55% on Monday. The world's largest parcel delivery firm United Parcel Service(UPS.N) also added 1.9% on strong quarterly earnings.

Money markets now see rates peaking at 4.9% in June, still below the 5% level expected by Fed policymakers. Analysts expect S&P 500 earnings during the fourth-quarter to decline 2.9%, compared with the 1.6% drop expected at the beginning of the year, according to Refinitiv data as of Friday. Wall Street is expected to end the month higher with the tech-inclined Nasdaq (.IXIC) and the benchmark S&P 500 (.SPX) recovering December losses. ET, Dow e-minis were down 157 points, or 0.46%, S&P 500 e-minis were down 32.5 points, or 0.8%, and Nasdaq 100 e-minis were down 138 points, or 1.13%. Reporting by Shreyashi Sanyal and Johann M Cherian in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

Separately, the Commerce Department said gross domestic product (GDP) increased at an annualized rate of 2.9% in the fourth quarter, above expectations of a 2.6% rise. "It's clear the economy remains relatively strong in the face of the Fed's efforts, suggesting they're succeeding." Growth stocks have been on a winning spree in January, with the S&P 500 Growth index (.IGX) recouping more than half of the losses logged last month. Keeping a lid on gains for Dow e-minis was chemical firm Dow Inc (DOW.N) that slid 3.3% after it missed Wall Street estimates for quarterly profit, hurt by higher energy costs, weaker demand and supply chain disruptions. ET, Dow e-minis were up 81 points, or 0.24%, S&P 500 e-minis were up 22.25 points, or 0.55%, and Nasdaq 100 e-minis were up 121.75 points, or 1.03%.

Industrial conglomerate 3M Co (MMM.N) fell 4.7%, leading the decliners among Dow components in premarket trading, after reporting a fall in quarterly profit. General Electric Co (GE.N) rose 2.2% as it topped quarterly profit estimates, boosted by strong demand for its engines and after-market services. Wall Street's main indexes started the earnings-heavy week on solid ground amid renewed appetite for growth stocks following a battering last year. Shares of Microsoft Corp (MSFT.O), which is scheduled to report quarterly earnings after the bell, were flat. Big Tech earnings could also determine whether renewed enthusiasm for growth stocks will be sustained.

☆ Wall St eyes higher open with earnings in full swing, Salesforce rises
▼ + stars: | 2023-01-23 | by ( Shreyashi Sanyal | ) www.reuters.com time to read: +3 min

The tech-focused Nasdaq (.IXIC) index was the only major Wall Street benchmark that ended the previous week higher. Analysts now expect year-over-year fourth-quarter earnings from S&P 500 companies to decline 2.9%, according to IBES Refinitiv data, compared with a 1.6% decline at the beginning of the year. Among other stocks, Baker Hughes Co (BKR.O) slid 1.4% on missing fourth-quarter profit estimates, hit by component shortages and supply chain disruptions. Western Digital Corp (WDC.O) rose 4.0% on a report that the memory chip maker could merge with Japan's Kioxia Holdings. Reporting by Shreyashi Sanyal and Johann M Cherian in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

LONDON, Jan 23 (Reuters) - European stock indexes edged higher on Monday, while Wall Street futures struggled to make gains as investors weighed up recession fears with hopes that inflation could be past its peak. Wall Street rallied at the end of last week, after a jump in Netflix and Alphabet shares. The U.S. dollar index was steady at 101.96 . The dollar edged higher against the yen, up 0.5% at 130.165 , having fluctuated last week after the Bank of Japan defied market pressure to ease its ultra-loose monetary policy. Oil prices edged higher, with Brent crude up 0.9% and U.S. crude up 0.8% .

☆ Futures subdued with earnings in full swing, Salesforce up on Elliot stake
▼ + stars: | 2023-01-23 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Futures: S&P off 0.08%, Dow and Nasdaq flatJan 23 (Reuters) - U.S. stock index futures struggled for direction at the start of another big week for corporate earnings amid concerns about a recession, while Salesforce rose on Monday as Elliott Management acquired a stake in the firm. A slew of earnings in the coming weeks will also test the recent bounce in certain technology and growth stocks that took a large hit last year. ET, Dow e-minis were down 5 points, or 0.01%, S&P 500 e-minis were down 3.25 points, or 0.08%, and Nasdaq 100 e-minis were down 5.75 points, or 0.05%. Qualcomm Inc (QCOM.O) and Advanced Micro Devices Inc (AMD.O) climbed around 2% each, after brokerage Barclays upgraded the chipmakers to "overweight" from "equal-weight". Reporting by Shreyashi Sanyal in Bengaluru Editing by Vinay DwivediOur Standards: The Thomson Reuters Trust Principles.

☆ Australian shares hit near 9-month high as energy, tech stocks boost
▼ + stars: | 2023-01-23 | by ( ) www.cnbc.com time to read: +1 min

Members of the Chinese Youth League perform a lion dance for onlookers at Haymarket on Jan. 21, 2023 in Sydney, Australia. Australian shares inched higher on Monday to their highest in nearly nine months, as technology stocks tracked Wall Street's strong finish last week and firm crude oil prices lifted energy stocks. In Australia, energy stocks climbed 0.5% after oil prices settled higher on Friday as economic prospects brightened in China, the world's second-biggest economy. The sub-index hit its highest since Nov. 24 last year, with major oil and gas producers Woodside Energy and Santos gaining 1.2% and 1.5%, respectively. Technology stocks advanced 1.1% to hit a more than one-month high.

Alphabet Inc (GOOGL.O) was the latest to join the list as it said it was cutting 12,000 jobs on Friday. "And we already have some insight into that because a lot of them have been coming out with massive layoffs." ET, Dow e-minis were down 10 points, or 0.03%, S&P 500 e-minis were up 9 points, or 0.23%, and Nasdaq 100 e-minis were up 77.25 points, or 0.68%. The S&P 500 (.SPX) has lost 2.5% so far in the week and the Nasdaq (.IXIC) is down more than 2%. Also on the radar are comments from Philadelphia Fed President Patrick Harker and Fed Governor Christopher Waller.

☆ Futures fall as weak data fuel recession worries, Fed comments on tap
▼ + stars: | 2023-01-19 | by ( ) www.reuters.com time to read: +2 min

SummarySummary Companies Futures down: Dow 0.52%, S&P 0.54%, Nasdaq 0.61%Jan 19 (Reuters) - U.S. stock index futures fell on Thursday after weak economic data fueled recession worries, while investors await comments from more Federal Reserve officials for clues on the central bank's path of monetary tightening. "For once bad news really was bad news because of the implications it might have for interest rates. Weak retail sales suggested consumers' resilience may have been pushed beyond breaking point," said Russ Mould, investment director at AJ Bell. Analysts now expect year-over-year earnings from S&P 500 companies to decline 2.6% for the quarter, according to Refinitiv data, compared with a 1.6% decline in the beginning of the year. ET, Dow e-minis were down 173 points, or 0.52%, S&P 500 e-minis were down 21.25 points, or 0.54%, and Nasdaq 100 e-minis were down 69.5 points, or 0.61%.

A reading from the Commerce Department showed retail sales fell 1.1% in December, compared with expectations of a 0.8% drop. Another report showed U.S. producer prices rose less than expected year-on-year in December, adding to evidence of a moderation in inflation. Earnings from big U.S. banks were a mixed bag, with many stockpiling rainy-day funds preparing for a looming recession. Shares of other major carriers including American Airlines Group Inc (AAL.O), Delta Air Lines Inc (DAL.N) and Southwest Airlines Co (LUV.N) rose between 1.6% and 2.2%. IBM Corp (IBM.N) slipped 1.5% after Morgan Stanley downgraded the company's shares to "equal weight" from "overweight", citing slowing revenue growth.

☆ SNAPSHOT Futures briefly extend gains after December retail sales data
▼ + stars: | 2023-01-18 | by ( ) www.reuters.com time to read: 1 min

Jan 18 (Reuters) - U.S. stock index futures briefly extended gains on Wednesday as retail sales fell more than expected in December, fueling hopes of smaller rate hikes from the Federal Reserve. Another report showed U.S. producer prices rose less than expected year-on-year in December, adding to evidence of a moderation in inflation. ET, Dow e-minis were up 72 points, or 0.21%, S&P 500 e-minis were up 17 points, or 0.42%, and Nasdaq 100 e-minis were up 75.5 points, or 0.65%. Moments before the data, Dow e-minis were up 38 points, or 0.11%, S&P 500 e-minis were up 10.25 points, or 0.26%, and Nasdaq 100 e-minis were up 43.25 points, or 0.37%. Reporting by Amruta Khandekar; Editing by Shounak DasguptaOur Standards: The Thomson Reuters Trust Principles.

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