The US dollar 'could be bottoming out' - JPMorgan

Communication services inflow record fueled by earnings - BofA

February 6, 2024 11:45 AM EST

BofA's Jill Carey Hall said in her equity client flow note Tuesday that they have seen record communication services inflows.

According to Hall, last week saw the biggest equity inflows in seven weeks, with BofA clients large net buyers of US equities.

"Clients bought both single... More

Citi’s Montagu says bullish stock flows have stalled

February 6, 2024 8:56 AM EST

Citi analyst Chris Montagu said in his equity markets positioning model note Tuesday that the January bullish trends stalled as we reached February.

Montagu told investors that the bullish build of longs on US equities throughout most of January slowed, and the S&P and Nasdaq positioning is... More

Reporting season a 'mixed bag' so far - RBC Capital

February 5, 2024 10:55 AM EST

Reporting season continues to look like a mixed bag, RBC Capital analyst Lori Calvasina said in a client note Monday.

Calvasina acknowledged that with more than half of the S&P 500 still not yet in, these stats remain very much in flux, but said the percent of companies in the index beating consensus on EPS forecasts is still tracking a little... More

Stick with quality growth, says Morgan Stanley's Mike Wilson

February 5, 2024 10:31 AM EST

Morgan Stanley's chief U.S. equity strategist Mike Wilson told investors in a note Monday to "stick with quality growth."

Wilson, who is reportedly stepping down from his role as chair of the firms Global Investment Committee, explained that last week's better economic data and mixed earnings resulted in further narrowness and strong performance from large-cap quality growth the bank's preferred pocket of... More

Dow Jones, Nasdaq, S&P 500 weekly preview: Earnings season continues

February 5, 2024 10:07 AM EST

The S&P 500 (SPX) continued its march towards 5000 after adding 1.4% last week. The Nasdaq Composite Index (IXIC) rose 1.1% on the back of the robust earnings report from Meta Platforms (NASDAQ: META) and Amazon (NASDAQ: AMZN).

Dow Jones Industrial Average (DJI) jumped as much as 1.4% to record the first ever weekly close above 38500.

A relatively light calendar of economic data and earnings results this week will likely focus investors on earnings reports, company guidance, and comments from Fed officials in events around the country this week,... More

ISM Services (Jan) 53.4 vs 52 Expected

February 5, 2024 10:00 AM EST

ISM Services (Jan) 53.4 vs 52 Expected

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S&P Global US Services PMI (Jan F) 52.5 vs 52.9 Expected, Composite 52

February 5, 2024 9:45 AM EST

S&P Global US Services PMI (Jan F) 52.5 vs 52.9 Expected, Composite 52

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Wall Street equities fall with interest rates, earnings in focus

February 5, 2024 6:13 AM EST

By Sinéad Carew and Johann M Cherian

(Reuters) -Wall Street's main indexes closed lower on Monday after Federal Reserve Chair Jerome Powell pushed back firmly against speculation that rate cuts would be imminent, while investors assessed a mixed bag of U.S. earnings reports.

In an interview aired on Sunday, Powell said more evidence on a sustainable downtrend in inflation was needed to warrant lower rates, while Minneapolis Fed President Neel Kashkari wrote in an essay published on Monday that a resilient economy could defer rate cuts for some time.

Fresh data from the Institute for... More

Global S&P Futures mixed to lower in premarket

February 5, 2024 5:23 AM EST

Global S&P Futures mixed to lower in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $72, natural gas mixed, gold at $2039

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SPDR S&P 500 ETF Trust (SPY) option IV near low end of range

February 2, 2024 10:12 AM EST

SPDR S&P 500 ETF Trust (NYSE: SPY) 30-day option implied volatility is at 11; compared to its 52-week range of 10 to 24.

... More