Stock Market Cafe
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Stock Market Cafe
No Result
View All Result
Home Trading News

Stock futures little changed as investors await earnings and economic news

by
November 16, 2021
in Trading News
0
0
SHARES
0
VIEWS
Share on FacebookShare on Twitter

RELATED POSTS

People are spending lots of money on makeup and beauty, and retailers are cashing in

Blumhouse’s ‘The Black Phone’ shows horror and original storytelling have a place at the box office

U.S. stock index futures were little changed in early morning trading Tuesday, after the major averages started the week with muted moves as investors digested a jump in yields.

Futures contracts tied to the Dow Jones Industrial Average fell 20 points. S&P 500 futures and Nasdaq 100 futures both hovered in mildly negative territory.

Walmart kicks off a busy week of retail earnings on Tuesday before the market opens, which will give investors a look at how much consumers are spending. Home Depot also reports before the market opens, while Target will post results on Wednesday.

A slew of economic data will be released on Tuesday, including retail sales figures for October. Economists surveyed by Dow Jones are expecting sales to have jumped by 1.5% last month, compared with 0.7% in September. Industrial production numbers will also be released, as well as the NAHB housing market index survey.

During regular trading Monday, the Dow dipped about 13 points, or 0.04%, for its fourth negative session in the last five. At the high of the day the 30-stock index gained about 136 points. The S&P 500 finished the day unchanged at 4,682.87. The benchmark index moved between gains and losses during the session, at one point gaining 0.3%, while also trading 0.21% lower. The Nasdaq Composite dipped 0.04%. The Russell 2000 was the relative underperformer, declining 0.45%.

Stocks’ move came as interest rates rose, with the yield on the 10-year Treasury note topping 1.62% while the 30-bear Treasury bond rose above 2%.

Inflation fears are weighing on the market after last month’s consumer price index posted its largest annual increase in more than three decades. Paul Christopher, head of global market strategy at Wells Fargo Investment Institute, said he believes inflation will moderate in 2022, but that “the path to lower inflation [will] begin with higher inflation in the front half of the year.”

“The stickier drivers of inflation are likely to persist, but our base case is that they will not outweigh the improvement we expect in the transitory elements,” he wrote in a note to clients.

On Monday afternoon President Joe Biden signed the $1 trillion bipartisan infrastructure bill into law. The package includes funding for transportation, broadband and utilities.

The major averages are coming off their first negative week in six, but stocks are still trading around all-time high levels. As Wall Street strategists look to 2022 some, including Morgan Stanley’s Michael Wilson, believe the picture looks muted.

“With financial conditions tightening and earnings growth slowing, the 12-month risk/reward for the broad indices looks unattractive at current prices,” he said Monday in a note to clients. “However, strong nominal GDP growth should continue to provide plenty of good investment opportunities at the stock level for active managers,” he added. His 12-month base target for the S&P 500 is 4,400, which is 6% below where the index closed on Monday.

ShareTweetPin

Related Posts

People are spending lots of money on makeup and beauty, and retailers are cashing in

by
August 14, 2022
0

Target has added new brands to its beauty department. At a growing number of stores, it also has mini Ulta...

Blumhouse’s ‘The Black Phone’ shows horror and original storytelling have a place at the box office

by
August 14, 2022
0

Ethan Hawke stars in Blumhouse and Universal's "The Black Phone." Universal Any apprehension Jason Blum had about the future of...

Saudi Billionaire Made $500 Million Russia Bet Near War’s Onset

by
August 14, 2022
0

',panelEmptyTemplate=' {emptyPanelMsg} ',panelErrorTemplate=' {errorMsg} ',panelParentTemplate='',notifOnboardPromoTemplate='',EXPANDED_PANEL="expanded_panel",ERROR_PANEL="error_panel",NotificationView=function(){function e(n,t){classCallCheck(this,e);var i=this;i._config=n,i._panelNode=null,i._store=t}return createClass(e,[{key:"_generatePanelMarkup",value:function(e,n){var t=this._config,i=void 0,o=void 0;"undefined"!=typeof window&&(i=window.Notification&&"default"===window.Notification.permission,o=t.promos.bypassEligibleClassCheck||hasClass(document.body,t.promos.eligibleBodyClass));var r=t.promos.enableNotifOnboard&&i&&o?notifOnboardPromoTemplate:"";if(r){var s=t.promos.showYahooLogo?"":"yns-no-logo";r=r.replace("{notifOnboardBtnLabel}",t.promos.notifOnboardBtnLabel).replace("{notifOnboardMsg}",t.promos.notifOnboardMsg).replace("{subscriptionTopic}",t.promos.subscriptionTopic).replace("{noLogoClass}",s).replace("{promoLogo}",t.promos.promoLogo)}var a=n.newCount>t.panel.maxCount?n.newCount:"",c=t.panel.notificationCenterPath,l=c?"":constants.panelHideElement,d=t.panel.headerMsg?"":" "+constants.panelHideElement,u=c?constants.panelPaddingBtm:"",p=void 0;n.count?p=n.markup:p=panelEmptyTemplate.replace("{emptyPanelMsg}",t.panel.emptyPanelMsg);return e=e.replace("{notifMarkup}",p).replace("{promoMarkup}",r).replace("{hideClass}",l).replace("{notifCenterLink}",c).replace("{paddingClass}",u).replace("{headerMsg}",t.panel.headerMsg).replace("{hideHeaderClass}",d).replace(/{notificationCenterNavMsg}/g,t.panel.notificationCenterNavMsg).replace(/{newCount}/g,a)}},{key:"render",value:function(e,n){var t=this;if(t._panelNode){var i=void...

U.S. lawmakers arrive in Taiwan with China tensions simmering

by
August 14, 2022
0

In this photo released by the Taiwan Ministry of Foreign Affairs, from left, U.S. Democratic House member Alan Lowenthal from...

Man killed himself after ramming U.S. Capitol barrier

by
August 14, 2022
0

A man drove his car into a barricade near the U.S. Capitol early Sunday and then began firing gunshots in...

Next Post

Walmart tops earnings estimates, wins back grocery shoppers as inflation heats up

Taxes aren't the only reason Elon Musk is selling Tesla stock

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • Crocs sees fourth-quarter sales up 42%, CEO Andrew Rees says 2021 was ‘exceptional year’

    0 shares
    Share 0 Tweet 0
  • Buying a car from the factory sounds expensive, but it can actually save you money. Here’s how to do it.

    0 shares
    Share 0 Tweet 0
  • Roth TSP vs. Roth IRA: How Do They Compare?

    0 shares
    Share 0 Tweet 0
  • The states that won’t tax military retirement in 2022

    0 shares
    Share 0 Tweet 0
  • Biden didn’t accept Putin’s ‘red lines’ on Ukraine – here’s what that means

    0 shares
    Share 0 Tweet 0
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.stockmarket-cafe.com
No Result
View All Result
  • Home
  • Trading News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.stockmarket-cafe.com