Markets Gap Higher for End of week.
Erica Villalon Trade Desk
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S&P 500 is Flat...
Erica Villalon Trading Desk The S&P 500 was little changed on Tuesday following a three-day rally as a drop in Apple shares (NASDAQ: AAPL ) overshadowed optimism from remarks made by U.S. and China officials in pledging firm commitment to a Phase One trade deal. The benchmark S&P 500 opened at a record high as the news eased some concerns the deal could be on shaky ground. Investors also anticipate the centerpiece event of the week - an annual conference of U.S. central bankers where Federal Reserve Chairman Jerome Powell is scheduled to speak. The S&P 500 and Nasdaq logged new closing highs on Monday, boosted by signs of progress in developing treatments and vaccines for COVID-19. The benchmark index surpassed its pre-pandemic high last week even as recent economic indicators signaled a bumpy recovery from the virus-led downturn. A survey from the Conference Board showed U.S. consumer confidence unexpectedly fell in August to a six-year low. https://www.plurk.com/eri...
US China Tensions with Tik Tok...
https://dz.wordpress.com/tag/erica-villalon/ Wall Street was set to pull back on Tuesday as President Donald Trump's moves to force China-owned TikTok into a sale of its U.S. operations drew a sharp rebuke from Beijing, ratcheting up tensions as the world slides into a pandemic-fueled recession. Friction between the world's top two economies took a back seat in the first half of 2020 as the COVID-19 pandemic crushed global growth, and an escalation now would hamper the recovery of some exporters and importers and fan fears of a deeper economic slump. With Microsoft Corp (O: MSFT ) looking to buy short-video app TikTok's U.S. operations, Trump said on Monday the U.S. government should get a "substantial portion" of any deal price. On Tuesday, state-backed newspaper China Daily said the country will not accept the "theft" of the technology company. Microsoft's shares were down 1.6% in premarket trading after surging more than 5% on Monday as the comp...
Erica Villalon Trade Desk
https://ericavillalondotcom.wordpress.com/2020/07/01/futures-rise-on-vaccine-hope/
Erica Villalon Trading Desk
https://ericavillaloncom.wordpress.com/2020/06/29/wall-street-opens-ups-positive/
Friday Markets Open Lower...
https://ericavillaloncom.wordpress.com/2020/06/26/us-markets-open-lower-friday/
Friday continues market decline..
https://www.plurk.com/ericavillalon U.S. stock markets clawed back early losses on Friday , but still drifted lower amid growing concerns that the pandemic and its political fallout will breathe new life into an economically damaging trade war that had been in suspended animation since January. Wall Street rebounded after an initial blow from figures showing the biggest ever monthly drop in retail sales in April, the first full month of lockdowns dictated by public health concerns. April's data for industrial production and manufacturing output were, however, marginally better than expected. By 10:20 AM ET (1420 GMT), the Dow Jones Industrial Average was down only 4 points, effectively unchanged on the day, while the S&P 500 was down 0.3%. In a conspicuous contrast to recent trading patterns, the Nasdaq Composite was underperforming, losing 0.4% as semiconductor stocks - typically sensitive to the trade issue - fell more sharply than most. That follow...
Markets Consolidate and Keep Gains.
http://www.authorstream.com/ericavillalon/ U.S. stock markets turned negative on Tuesday as President Donald Trump renewed his pressure on the Federal Reserve to cut interest rates further, hitting financial stocks in particular. By 10:10 AM ET (1410 GMT), the Dow Jones Industrial Average was up 97 points, or 0.4%, at 24,319 points, while the S&P 500 and the Nasdaq Composite were both slightly down. "As long as other countries are receiving the benefits of Negative Rates, the USA should also accept the “GIFT”. Big numbers!" Trump tweeted. JPMorgan (NYSE: JPM ) stock fell 1.0% while Bank of America (NYSE: BAC ) stock fell 0.9% and Citigroup (NYSE: C ) stock fell 0.8%, reversing early gains, amid fear that even lower official interest rates will squeeze their profit margins as has been the case in other countries where the strategy has been tried, such as the euro zone and Japan. Bank stocks had opened marginally higher, reassured by comme...
Monday Futures Point To The Up Side...
https://www.quora.com/profile/Erica-Villalon-3 U.S. stock index futures rose on Monday as more states looked set to lift coronavirus-induced curbs, and investors awaited earnings reports from marquee companies including Apple and Microsoft due this week. A late session rally for tech majors had helped Wall Street end higher on Friday, with sentiment also getting a boost as Georgia became the first state to ease restrictions despite disapproval from President Donald Trump and health experts. Although trillions of dollars in stimulus have helped the S&P 500 recover nearly 30% from March lows, with the economic damage only growing, analysts say more gains may be limited unless there is progress on treatments for the disease. White House economic adviser Kevin Hassett told reporters on Sunday the U.S. jobless rate would likely hit 16% or more in April. Against that, many more U.S. states were looking to reopen businesses. Boeing Co (N: BA ) gained 1.6% ...
Futures Sink This AM..
Futures Continue to sink on sharp reversal .. https://ericavillalondotcom.wordpress.com/2020/04/15/futures-sink-at-market-open/
US Futures Point To Higher Open, Despite Earnings...
http://www.authorstream.com/ericavillalon/ 8:44 AM ET: Johnson & Johnson (NYSE: JNJ ) stock rose 2.9% after the pharma giant raised its dividend by over 6% on the back of quarterly earnings that beat expectations. That softened the blow of a downgrade to this year’s earnings expectations. The company now sees an EPS range of $7.50 to $7.90, compared with its prior estimate of $8.95 to $9.10. That’s an implicit cut of some 14%. JPMorgan (NYSE: JPM ) stock rose 3.2% after the bank booked $6.8 billion in provisions against loan losses and nearly $2 billion more in other impairments in response to the pandemic. CEO Jamie Dimon also warned that provisions could rise meaningfully in the coming quarters. Loan demand also fell, as did investment banking revenue, but income from bond and equity trading rose on the back of higher market volatility, while its asset management arms also grew 7%. The Common Equity Tier 1 ratio, a benchmark of financial strength, fell to 11.5%. ...