DOW Financial News

Yesterday marked Martin Luther King Day, a federal holiday since 1983. Historically, the market has exhibited a positive average reaction on the Friday before and a weaker performance on the following Tuesday. Here are the figures:

Investing.com — U.S. stock futures fell Tuesday ahead of the release of more important bank earnings, which, along with a speech by Fed Governor Christopher Waller, could provide more clues as to the economic health of the world’s largest economy. 

Shares are lower in Europe and Asia, with Hong Kong's benchmark down more than 2% as jitters over China's outlook cast a shadow over regional markets

Sensex surged 759.49 points, or 1.05%, to end at 73,327.94, while the Nifty 50 ended 202.90 points, or 0.93%, higher at 22,097.45. “Q3 earning season had a positive start and is further expected to be propelled by the BFSI segment, where many heavyweights are likely to post their results this week. This will support the overall ongoing market momentum and stock-specific action," said Siddhartha Khemka, Head - Retail Research, Motilal Oswal Financial Services Ltd.

European markets have opened lower while Asian markets were mostly higher as the week got off to a mixed start

A bit of a mixed bag for indexes. Large caps had the best of the action as the S&P 500 and Dow Jones Industrial approached all-time highs.

Wall Street drifted to a mixed finish as it closed out its 10th winning week in the last 11

bank earnings offset cooler-than-expected inflation news that buoyed hopes for interest-rate cuts from the Federal Reserve. On Friday, data showed U.S. producer prices unexpectedly fell in December as the cost of goods such as food and diesel fuel declined, while prices for services were unchanged for a third consecutive month, in contrast to Thursday's hotter-than-expected consumer inflation reading. Expectations for a rate cut of at least 25 basis points by the Fed in March moved up to 79.5%, according to CME's FedWatch Tool, from 73.2% in the prior session.

Investing.com — JPMorgan Chase (NYSE:JPM) reported a remarkable Q4 earnings performance today, surpassing Wall Street expectations. The company's stock price saw a gain of more than 2% in pre-market trading following the announcement.

(Reuters) -U.S. stock index futures declined on Friday as weak earnings reports from big banks sparked worries about the health of corporate America, while investors awaited an inflation report during the day for clues on monetary policy outlook.

GIFT Nifty indicated that Indian equity indices BSE Sensex and NSE Nifty 50 may see a positive opening on Friday. Here is all you need to know before the market opens.

Investing.com — Stock futures are exhibiting slightly negative movement on Thursday night, as investors eagerly anticipate the release of the second of two highly significant inflation reports this week as well as quarterly results from major financial companies.

Investing.com — U.S. stock futures edged higher Thursday, adding to the previous session’s gains ahead of the release of key U.S. inflation numbers for December, which could play into how the Federal Reserve approaches potential interest rate reductions this year. 

Investing.com — US stock futures were trading in a tight range during Tuesday's evening deals, following a mixed session among major benchmark indices.

Investing.com — US stock futures experienced a slight drop on Monday night after strong performances from major tech companies boosted indices during the regular session.

Most of Wall Street is rising Monday as yields ease in the bond market

S&P 500 (SPX) lost 1.5% in the first trading week of 2024, this way ending the streak of nine consecutive weekly gains since late October. The rally ended near the 4800 with the bulls failing to post a new record high. Still, the SPX is just 2.1% away from its previous all-time high recorded on Jan. 3, 2022.

Investing.com — U.S. stock futures edged lower Monday, with investors nervous ahead of the release of crucial inflation data that could influence future Federal Reserve thinking over potential interest rate cuts.

Investing.com — US stock futures showed mixed movement on Sunday night following the first week of 2024, which saw the major averages decline. Traders are now turning their attention to the upcoming inflation data and significant bank earnings set to be released later in the week.

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jobs data. For the S&P 500, this is the worst start to a year since it began 2015 with a three-session skid, as tech-focused investors continued to take profits after a blistering rally in the final weeks of last year. Bets that the Federal Reserve could start reducing rates this year had driven much of the gains toward the end of 2023, though the latest minutes from the central bank's December policy meeting did not offer many clues on when the easing might commence. A tick-up in yields on longer-dated U.S. Treasuries — the benchmark 10-year note ended at 4% — prompted traders to move away from growth stocks toward other sectors. Financials was one of the few gainers among the S&P 500 sectors, underpinned by Allstate, which rose 2.4% to close at an all-time high after Morgan Stanley lifted its rating on the insurer to «overweight.» Other insurers also rose, including Hartford Financial Services Group, which gained 0.7% to its highest finish since 2008. Banks were strong performers ahead of the start of earnings season next week.