Dow Futures Lower As US-China Tensions Flare, COVID-19 Cases Rise; Dollar Resumes Decline

Global stocks mixed as Asia rallies on manufacturing rebound, Europe slips lower on virus and U.S-China tension concerns.

Posted in Economy | Leave a comment

U.S. stock futures are flat as earnings season, stimulus talks continue

Futures contracts tied to the major U.S. stock indexes were mostly flat in early trading on Monday as investors turned their attention back to Washington and the economy after a busy week of corporate earnings.

Posted in Economy | Leave a comment

Dow Futures Gain As Apple Leads Big Tech Earnings Blowout; Amazon and Facebook to Power Nasdaq Near Record Highs

Global stocks mixed on the final trading day of the month, with Asia held down by recovery concerns and Europe and the US rising on big tech earnings.

Posted in Economy | Leave a comment

Economy suffers titanic 32.9% plunge in 2nd quarter, GDP shows, and points to drawn-out recovery

The numbers: An economy badly battered by the coronavirus shrank at a record 32.9% annual pace in the second quarter, underscoring just how big a hole the U.S. finds itself in as it labors to recover from the deepest recession in American history.

Posted in Economy | Leave a comment

Dow Futures Cautious Ahead of Fed Statement, Dollar Extends Slump as Coronavirus Spike Rattles Recovery Hopes

Global stocks mixed against a sagging U.S. dollar as investors await a key Federal Reserve policy statement at 2:00 PM eastern time.

Posted in Economy | Leave a comment

Dow Futures Lower, Dollar Rebounds As Congress Debates Rival Coronavirus Stimulus Packages; Pfizer Highlights Q2 Earnings Focus

Global stocks mixed as risk sentiment improves ahead of a wave of U.S. corporate earnings and a key debate in Congress on the next form of coronavirus relief.

Posted in Economy | Leave a comment