U.S. stock index futures ticked higher on Thursday, helped by early data suggesting the Omicron variant of the coronavirus was less severe than feared, while investors looked ahead to weekly jobless claims and monthly inflation numbers Two vaccine makers said their shots offered protection against Omicron, as UK data suggested it may cause proportionally fewer…
Futures Little Changed Amid Lingering Omicron Worries
U.S. stock index futures struggled for direction on Wednesday, cooling off after a day-earlier rally, as worries lingered about the new Omicron variant of the coronavirus and its impact on global economic recovery. Wall Street’s main indexes ended with hefty gains on Tuesday, but few market-moving catalysts and thin volumes in the last two weeks…
Futures Rise as Fed Wages War on Inflation
U.S. stock index futures climbed on Thursday after the Federal Reserve announced a faster wind-down of its pandemic-era stimulus, calming some nerves around surging price pressures. The U.S. central bank said on Wednesday it would end its bond purchases in March and signaled three quarter-percentage-point interest rate hikes by the end of 2022. Fed Chair…
Futures Rise Ahead of CPI Data; Oracle Shines
U.S. stock index futures edged higher on Friday ahead of an inflation report that could likely strengthened the case for an aggressive policy tightening by the Federal Reserve, while Oracle Corp. jumped on an upbeat third-quarter outlook. Shares of the enterprise software maker gained 11.2 percent in premarket trading after posting forecast-beating results for the…
Money Markets Scale Back ECB Rate Hike Bets on Coronavirus Variant Worries
LONDON—Euro zone money markets on Friday scaled back bets on a rate hike from the European Central Bank next year as news of a new coronavirus variant spreading across South Africa cast a shadow over the short-term economic outlook. Money market futures were pricing in roughly a 50 percent chance of 10 basis point rate…
Futures Dip as Rising Yields Dent Tech Shares
U.S. stock index futures fell on Tuesday as rising Treasury yields weighed on major technology stocks, while bank shares extended gains as investors priced in an early policy tightening by the Federal Reserve. Bank stocks rose in premarket trade, tracking gains in yields after Jerome Powell’s reappointment as Fed Chair raised market expectations for an…
Futures Rise as COVID-19-Sensitive Sectors Recover
U.S. stock index futures rose on Monday as energy and bank stocks recovered slightly from last week’s losses, although anticipation of several economic readings this week kept gains in check. Nasdaq futures hit a record high as demand for technology stocks remained strong. Heavyweights, including most FAANG majors, rose in premarket trade. Tech had largely…
Nasdaq Futures at Record High as Economic Concerns Drive Tech Demand
Nasdaq index futures hit a record high on Friday as investors sought economically stable sectors after a small delay in voting on President Joe Biden’s $1.75 trillion spending bill, while rising COVID-19 cases in Europe also dented sentiment. S&P and Dow futures fell tracking losses in banks, airlines, and other economically sensitive sectors. Uncertainty over…
Futures Rise on Tech Strength; Tesla Extends Losses
U.S. stock index futures rose on Monday as major technology stocks advanced, while investors awaited a slew of retail earnings and economic data this week to gauge the health of consumer spending. The three major Wall Street indexes had fallen between 0.3 percent and 0.7 percent last week on concerns over high inflation and weakening…
Futures Edge Higher on Boost From J&J, Tech Stocks
U.S. stock index futures edged higher on Friday as Johnson & Johnson and technology stocks led gains at the end of a week scarred by deepening concerns over prolonged inflation. All the major U.S. indexes were set for a more than 1 percent weekly drop, their first since the week ended Oct. 1, as hot…
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