NASDAQ Financial News

Investing.com — US stock futures were trading mixed during Tuesday's evening deals, following the third consecutive session of gains from major indices as market participants turned focus toward Wednesday’s release of the FOMC minutes and monthly producer price index data.

By Shashwat Chauhan and Ankika Biswas

A group of leaders in the agriculture and food industries is launching a national alliance to work toward achieving net zero in Canada’s agri-food sector by 2050.

By Caroline Valetkevitch

Investing.com — U.S. stock futures rose Tuesday, boosted by lower U.S. Treasury yields as investors digested commentary from Fed officials while keeping an eye on developments in the conflict between Israel and Hamas.

Investing.com -- U.S. stock futures inched higher, with investors closely monitoring policy commentary from Federal Reserve officials and ongoing developments in the conflict in the Middle East. Traders hunt for safety in U.S. Treasuries as bond markets return from the Columbus Day holiday, while Country Garden shares slump after the cash-strapped Chinese developer misses an international debt payment.

Investors are backing off from bets on a continued selloff in US stock futures, according to Citigroup Inc. strategists.

Wall Street's major indexes closed higher on Monday while energy stocks rallied as investors digested the latest news about the conflict between Israel and the Palestinian Islamist group Hamas. The Israeli military said it called up reservists and was imposing a total blockade of the Gaza Strip in signs it could be planning a ground assault there to defeat Hamas which launched a deadly attack over the weekend. But late in the afternoon, a senior Hamas official said the group is open to discussions over a possible truce with Israel. U.S. President Joe Biden said he directed his team to coordinate with regional partners to warn anyone seeking to take advantage of the situation. News of the conflict sparked an oil rally due to supply concerns.

Indices are expected to trade in a narrow range, and investors will await cues from the second quarter earnings of companies, which will kickstart on Wednesday with TCS. Here's breaking down the pre-market actions: STATE OF THE MARKETS GIFT Nifty (Earlier SGX Nifty) signals a positive start GIFT Nifty on the NSE IX traded higher by 19 points, or 0.10 per cent, at 19619.50, signaling that Dalal Street was headed for positive start on Tuesday.

The S&P 500 (SPX) closed 0.5% higher after a strong rally on Friday, following the release of the jobs data for September. Stocks rallied as the report shows that wage growth continues to slow down, fueling optimism that the Fed may not have to hike again.

Friday's surge on daily time frames set up solid finishes on weekly time frames for the Nasdaq and S&P 500, while the Russell 2000 (IWM) remains in trouble.

Investing.com — U.S. stock futures slumped Monday as the escalating conflict between Israel and Hamas added geopolitical risk to concerns over elevated inflation and rising interest rates.

(Reuters) — U.S. stock index futures slipped on Monday as a growing conflict between Israel and the Palestinian Islamist group Hamas roiled global markets and pushed investors toward safe-haven assets, while crude prices jumped close to 3%.

By Wayne Cole

(Reuters) — Big Wall Street brokerages, including J.P.Morgan and Goldman Sachs, started coverage of Arm Holdings (NASDAQ:ARM) with their top ratings a month after its blockbuster market debut, expecting the chip designer to deliver strong revenue and earnings growth.

Middle East boosted oil and Treasuries, while the sizzling September U.S. jobs report raised the rate stakes for inflation figures later in the week. Holidays in Japan and South Korea made for thin conditions but the initial bid was for bonds and the safe harbours of Japanese yen and gold, with the euro the main loser. «The risk is higher oil prices, a slump in equities, and a surge in volatility supports the dollar and yen, and undermine 'risk' currencies,» said analysts at CBA in a note. In particular, there was a chance oil supplies from Iran might be disrupted, they added. «Given the tightness already facing physical oil markets in Q4 2023, an immediate reduction in Iran's oil exports risks pushing Brent futures above $US100/bbl in the short term.» Israel pounded the Palestinian enclave of Gaza on Sunday, killing hundreds of people in retaliation for one of the bloodiest attacks in its history when Islamist group Hamas killed 700 Israelis and abducted dozens more. The danger of disruptions to supply was enough to drive Brent up $4.24 to $88.82 a barrel, while U.S.

Sensex and Nifty 50, ended over half a percent higher each after the Monetary Policy Committee (MPC) of the Reserve Bank of India (RBI) maintained a status quo on repo rates and policy stance, in line with expectations. RBI's MPC unanimously decided to keep the repo rate unchanged at 6.5 per cent on Friday. The central bank also retained its policy stance as the "withdrawal of accommodation" with five out of six MPC members voting in favour of this.

Wall Street rallied in a whipsaw Friday and erased its morning losses after looking deeper into the nuances of a surprisingly strong report on the U.S. job market

Global market today: On account of strong US job data for the month of September 2023, US stock market witnessed sharp upside movement on Friday. Dow Jones Index shot up 0.87 per cent, S&P 500 index surged 1.18 per cent whereas tech heavy weight Nasdaq skyrocketed 1.60 per cent.

The Dow Jones Industrial Average fell 78.87 points, or 0.24%, at the open to 33,040.70. The S&P 500 opened lower by 23.40 points, or 0.55%, at 4,234.79, while the Nasdaq Composite dropped 92.16 points, or 0.70%, to 13,127.68 at the opening bell.

(Reuters) — Wall Street's main indexes fell at the open on Friday after a strong jobs report deepened fears that interest rates may stay elevated for an extended period.