In this article DKS Follow your favorite stocksCREATE FREE ACCOUNT A Dick’s Sporting Goods store at the Los Cerritos Center shopping mall on February 21, 2024 in Cerritos, California. Kirby Lee | Getty Images News | Getty Images Dick’s Sporting Goods on Wednesday blew past Wall Street’s earnings estimates in its fiscal second quarter and
Month: September 2024
The Dow Jones rallied early Wednesday before dipping back to the open. US JOLTS data eased back more than expected in July. Markets have tilted further into bets of a double Fed cut in September. The Dow Jones Industrial Average (DJIA) whipped on Wednesday, rising at the start of the US market session but falling
Risk aversion continues to dominate the global financial markets today, although the weakness in US futures has been relatively contained. While some volatility could arise from the US JOLTS labor market data, traders would largely be holding off for tomorrow’s ISM services data and Friday’s non-farm payroll report. As a result, market movements are expected
The price of crude oil is trading lower despite rumors that OPEC+ is close to delaying the planned supply hike. That comes after report on Friday that they would bring back barrels in October. The price has dropped from a high on Friday of $76.59. The current price is trading at $69.85 Technically,. The high
There is an interesting dynamic this week with non-farm payrolls on Friday and the FOMC blackout period starting Friday at midnight. If the jobs report is middling, it doesn’t leave much time for officials to signal that a 50 basis point cut is likely. Of course, they could always turn to a leak to the
Oil prices fell on Wednesday, extending the previous day’s more than 4% plunge, on expectations the political dispute that has halted Libyan exports may be resolved and concerns over lower global demand growth. Brent crude futures for November fell 28 cents, or 0.4%, to $73.47 at 0052 GMT after dropping 4.9% in the previous session.
A trader signals an offer in the Standard & Poor’s 500 stock index futures pit at the CME Group in Chicago on Dec. 14, 2010. Scott Olson | Getty Images News | Getty Images The relationship between the 10- and 2-year Treasury yield briefly normalized Wednesday, reversing a classic recession indicator. Following economic news that
In this article DLTR Follow your favorite stocksCREATE FREE ACCOUNT A sign is posted in front of a Dollar Tree and Family Dollar store on March 13, 2024 in Rio Vista, California. Justin Sullivan | Getty Images Shares of Dollar Tree fell about 10% in premarket trading Wednesday after the discounter cut its full-year outlook,
NZD/USD could test the lower boundary of the ascending channel around 0.6160 level. The nine-day EMA is above the 50-day EMA, indicating that short-term upward momentum is likely to continue. A break above the nine-day EMA at 0.6201 level prompts the pair to revisit a seven-month high of 0.6247. NZD/USD extends losses, trading around 0.6180
Risk aversion swept across US markets overnight, with the selloff extending into Asian trading, driven by renewed fears of a recession. Weak US manufacturing data brought economic concerns back into focus, leading to a sharp 600-point drop in DOW and a more than 3.2% plunge in NASDAQ. The negative sentiment spread broadly across asset classes,
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The NZDUSD is trading to new lows as traders react today to risk-off sentiment as stocks/commodities slide. Concerns about growth in the US and CHna iare weighing on the pair. Recall from last week, the NZDUSD peaked on Thursday after a surprise ANZ Business confidence number (50.6 vs 27.1 estimate). However, since then the price
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Ahead of the key US economic data and weakness in crude oil, Gold October futures contracts at MCX opened flat on Wednesday with a positive bias at Rs 71,449 per 10 gram, which is up by 0.1% or Rs 68 while silver December futures contracts were trading at Rs 83,183/kg, down by 0.08% or Rs
The Dow Jones tumbled 500 points on Monday as investor confidence buckles. Markets have fallen victim to new recession fears after US ISM figures miss the mark. Investors are jostling for position ahead of this week’s bumper NFP jobs report. The Dow Jones Industrial Average (DJIA) backslid to kick off the new trading week on
Yen staged a notable rebound today, joined by Dollar and Swiss Franc. In contrast, Australian Dollar is leading losses among commodity currencies. Risk-off mood appears to be taking hold, which is also evident in US futures, which point to a lower open as American markets return from the Labor Day holiday. Market participants seem to
The USDJPY is bouncing after starting the US session with a move below 100 hour MA and 50% retracement of the August range when both were near 145.53. The momentum continued down to the 200-hour MA near 145.21. The low reached 145.12 but ran out of downside momentum despite the break below. The price has