The pattern that we observed throughout the week at the NYSE index appeared to shadow yesterday's trading session. We saw some early gains which seem to dissipate after the market show lack of strong buying interest. The dominance of decliners over advancers across both NYSE and NASDAQ was reflected in the trading session. Yesterday session saw the major indexes ended mixed, with S&P 500, NASDAQ and Russell 2000 giving their fifth consecuti...
If we look at how last week’s “warm” inflation data show us, but the decision seemed to be locked. Consumer price index excluding food and energy climbed 0.4%. February increase of CPI have Fed believe that it pay to be more cautious in cutting rates. Beyond any one month's data, there are other reasons to be concerned that this underlying trend could accelerate. If that happens, inflation could get stuck at a level inconsistent wi...
SA contributor Mike Zaccardi views XLP as undervalued, requiring price action improvement. UBS, HSBC, and Barclays all share optimistic predictions for the consumer staples sector in 2024, despite potential slow growth.
$ChargePoint(CHPT.US)$ US stock futures were higher, with S&P Index futures advancing 0.3% before the start of trading. Housing starts and permits for October will be released at 8:30 am ET, followed by e-commerce retail sales for Q3 and the Census Bureau services survey for Q3 at 10 am ET. The Baker Hughes North American rig count for the week ended Nov. 17 will be released at 1 pm ET. In premarket action, bitcoin was up 0.9% and the cryptocurrency fund ProShares Bitcoin Strategy ETF (BITO) r...