All Blog Posts Tagged 'Early' (206)

Stocks had looked like they would come rallying back from three straight losses, but the broad market's inability to overcome resistance in the early going prompted many participants to exit their positions. Stocks chopped along for the rest of the session and eventually settled with modest gains.

After watching the stock market descend more than 3% during the course of the past three sessions, buyers were finally…

Gapping up: ALGN +13.4%, CLF +8.4%, HLIT +7.5%, BIDU +6.7%, TORM +6%, AMD +4.7%, STMP +4.5%, DECK +4.4%, QTM +4.3%, SOHU +4.2%, SLV +4.2%, SINA +4.1%, YOKU +3.9%, QIHU +3.7%, LVS +3.5%, DANG +2.8%, WY +2.6%, EXEL +2.4%, ELGX +2.3%, VRSN +2.2%, CERN +1.9%, BAC +1.3%, X +1.3%, VRTX +1.3%,

Gapping down: NANO -14.9%, CSTR -11.2%, QLIK -9.9%, MF -9.1%, IPCM -8.7%, LEG -5.8%, DRIV -5.7%, PWER -5.7%, TSYS -5.6%, INPH…

 Futures recovering a portion of late-day pullback; little new news with regard to Europe

While the U.S. market finished with a +1.1% gain yesterday, a late-day pullback left the market more than 1.5% off of its intraday highs. This morning, futures are recovering a portion of that late-day pullback (S&P futures +8, DJ futures +72), as European markets have strengthened over the course of their day. However,…

SMF Notes S&P futures vs fair value:

-3.80. Nasdaq futures vs fair value: -3.50.

Stocks surrendered their gains by rolling over late in the prior session. The weak finish and lackluster overnight action in Asia has led to some considerable selling in Europe, even though there were reports last evening that officials from the European Union believe progress is…

 Sharp losses continue as European concerns persist

Global markets traded sharply lower again overnight and U.S. equity futures are following suit this morning. S&P futures are at morning lows now, -2.0% and trading below last week's lows. Europe's fiscal state continues to be the primary source of concern, with continued worries about the impact of a possible Greece default. Last week Germany was reported to be…

Although yesterday's 1% selloff represented a poor start to the week, the U.S. averages finished at their best levels of the day, well off their morning lows. They are higher by ~1% this morning (S&P futures +14 vs. fair value; DJ futures +116), helped by strength overseas.

Overseas markets rebounded overnight, with strength in Asia (Nikkei +2.0%, Hang Seng +1.7%, Shanghai +1.8%) to begin the night, followed…

 Futures pointing to another big drop in U.S. markets after European markets lead sharp Monday selloff

U.S. futures are showing a continuation of Friday's weakness, with S&P futures -2.2% this morning following the long weekend. With the U.S. markets closed yesterday for Labor Day, markets around the world fell under significant pressure, led by a 4% drop in European markets. The drop in Europe was led by…

 U.S. futures flat ahead of tomorrow's Jackson Hole Symposium

The major equity markets around the globe are trading higher today following yesterday's strong gains on Wall Street. The strength comes following yesterday's better than expected headline reading for durable orders and the absence of any market rattling headlines from Europe.  U.S. equity futures have erased overnight loses and are now pointing to a flat…

 Early bounce underway

Global markets are getting a mixed start to the week, with strength in the U.S. and Europe following a weaker start to the week in Asia. U.S. equity futures are +1.1% (S&P futures +15 vs. fair value; DJ futures +120), as European markets hold decent gains at their mid-day (FTSE +2.0%, DAX +0.6%, CAC +1.6%). Earlier in the night, most Asian markets closed with losses (Shanghai -0.7%, Nikkei…

Futures getting a little relief following rout; FOMC on tap later today

U.S. equities are rebounding this morning, with S&P futures +10 vs. fair value and DJ futures +83. While these would normally be considered decent sized pre-market gains, the +0.9% gain represents only a minor bounce in the context of the relentless selling pressure that took the S&P 500 down 16.8% over the past 11 days. There hasn't…

 Continued pressure on global markets

Equity futures are under continued pressure this morning, with S&P futures -11 vs. fair value and DJ futures -94. At current levels, today marks the 7th consecutive down day for the S&P 500, which is -5.2% over that same period. This morning's weakness is an extension of concerns about the U.S. and European fiscal situations, with added concerns about sluggish U.S.…

 China data helps global markets; Bernanke on tap

U.S. futures are higher this morning (S&P futures +10 vs. fair value, DJ futures +75), after global markets rebounded overnight. The release of better-than-expected Chinese GDP data is being cited as the primary positive catalyst, coming in at 9.6% YoY vs. expectations for ~9.3%. China's Shanghai Composite rose 1.5%, while Hong Kong's Hang Seng gained 1.2% and…

Futures are slightly higher (S&P futures +2 vs. fair value; DJ futures +30), but are likely to see volatility around the release of the June Employment Report at 8:30 ET. Expectations are that Nonfarm Payrolls will increase by 80K and that the Unemployment Rate will remain at 9.1%. Yesterday's better-than-expected ADP report bolstered expectations for today's data and the S&P is now up 6.7% over the past eight trading sessions, so even a good employment…

U.S. equity futures are showing modest gains this morning, with S&P futures +5 vs. fair value and DJ futures +32. The strength follows a mixed performance in overseas markets, with most Asian markets closing with losses while the major European are higher at their mid-day. Asian markets were under pressure in response to yesterday's Chinese rate hike (Nikkei -0.1%, Hang Seng -1.0%, Shanghai Comp -0.6%). In Europe, stocks are higher (FTSE +0.4%, DAX +0.4%,…

U.S. equity futures are flat as the markets resume trading quietly after a long holiday weekend (S&P futures are flat vs. fair value; DJ futures +14 vs. fair value). Overseas markets were mixed overnight, but overall they didn't see large fluctuations. Yesterday, foreign markets advanced amid light trade as the U.S. markets were closed.

Overnight, Asian stocks traded mixed near the flat line (Nikkei +0.1%,…

The market has put together a very strong bounce this week, gaining 4% from last Friday's close amid four consecutive days of strength. Futures are closing the week out flat this morning (S&P futures unchanged vs. fair value; DJ futures +14), ahead of a long holiday weekend (U.S. markets are closed on Monday for the 4th of July). Overnight, overseas markets saw a mixed performance amid relatively lackluster trading.…

U.S. futures are higher again this morning, adding to the 2.2% gain made over the past two days (S&P futures are +10 vs. fair value, DJ futures are +80). The early strength precedes the first vote on the Greek austerity plan, which is expected sometime later this morning. Today's vote is on the legislation of the plan, and the vote is expected to pass. There is another vote tomorrow on the implementation of austerity measures. Overseas markets were mostly…

U.S. stock futures are pointing to a higher start to the week, with S&P futures +4 vs. fair value and DJ futures +43. The higher U.S. indiction follows a mixed start to the week in overseas markets. Asian stocks were lower outside of China, amid light news flow (Nikkei -1.0%, Hang Seng -0.6%, Shanghai Comp +0.4%). In Europe, stocks are mixed at mid-day (FTSE +0.2%, DAX -0.1%, CAC +0.3%), with all eyes on this week's decision by Greek parliament on additional…

 Foreign markets get relief rally similar to yesterday's U.S. rebound; U.S. futures flat ahead of data

U.S. equity futures are trading near the flat line this morning, with S&P futures -0.5 vs. fair value and DJ futures -12. The flat trade this morning follows a substantial rebound yesterday afternoon, which was triggered by headlines that Greece reached an agreement with EU-IMF inspectors on a five-year…