US stock futures traded mixed on Thursday, with the S&P 500 holding near its record high as investors weighed the two-way pull of cooling inflation and a Federal Reserve pullback on interest rate cuts. S&P 500 futures (ES=F) edged up 0.1% after the benchmark topped 5,400 to close at a fresh all-time high. Contracts on […]
Tag: shrug
Asian shares shrug off Wall St blues as China leaves lending rate unchanged
Markets in Asia apart from Shanghai’s were broadly higher Monday, shrugging off the blues on Wall Street after big technology stocks logged their worst week since the COVID crash in 2020. Oil prices fell while U.S. futures advanced. Hong Kong’s Hang Seng led the region, gaining 1.6% to 16489.08. But the Shanghai Composite index shed […]
Dow Jones Futures Rise After Stocks Shrug Off Powell, Super Micro Flashes Buy Signal
Dow Jones futures rose slightly after hours, along with S&P 500 futures and Nasdaq futures. Chip-equipment giant ASML (ASML) reports before Wednesday’s open. X The ailing stock market rally had a relatively quiet Tuesday. The major indexes closed narrowly mixed. Fed chief Jerome Powell said Tuesday afternoon that recent data shows “a lack of further […]
S&P 500 hits new record high as investors shrug off sticky inflation data
A hotter-than-expected February inflation print was largely driven by two components: shelter and gas. The shelter index rose 5.7% on an unadjusted annual basis and 0.4% month over month, a deceleration from January’s 6% annual increase and 0.6% monthly rise. Sticky shelter inflation is largely to blame for higher core inflation readings, according to economists. […]
Russia’s Crude Exports Shrug Off Halt to Key Pacific Grade
(Bloomberg) — A temporary halt in shipments of Russia’s Sokol crude from Sakhalin Island on the Pacific Coast was offset by a surge in flows of ESPO from nearby Kozmino, lifting four-week exports to the highest level in almost four months. Most Read from Bloomberg The jump in this less volatile measure of overall exports […]
Chinese Stocks Fall as Traders Shrug off Rate Cut: Markets Wrap
(Bloomberg) — Chinese equities slipped as a reduction in the nation’s mortgage reference rate failed to dispel the gloom surrounding the world’s no. 2 economy. The dollar tracked a rise in US yields. Most Read from Bloomberg Stocks on the mainland and in Hong Kong slipped, while those in Japan reversed early gains. Benchmarks in […]
Biden-district Republicans shrug off New York special election loss
WASHINGTON — Vulnerable Republicans are downplaying the implications of a House special election victory for Democrats this past week, even though it occurred in a district that typically mirrors the national environment, calling the result a product of unique circumstances and not a sign of things to come this fall. Democrat Tom Suozzi won a […]