![]() The tech-heavy Nasdaq 100 (NDX) actually rose yesterday as the other major indexes got slammed, and futures trading shows this dichotomy extended overnight. Meanwhile, a bit of a shift is taking shape on Wall Street, driven by tech “mega-cap” stocks. However, DG shares have been sliding most of this year. Shoppers sometimes seek bargains when times get tough. In a press release, DG says its Q4 sales were strong but “below our expectations.” Discount stores are typically a category that have some advantages in a recession, if one does occur. ![]() Shares of Dollar General (DG) slipped in premarket trading despite earnings, revenue, and guidance that matched Wall Street’s average expectations. Meanwhile, initial weekly jobless claims of 192,000 were back well below expectations and continue to confound market participants wondering when recent layoffs will show up in the data. These are forward-looking elements, especially permits, and this report indicates potentially renewed housing market strength-a good sign for the economy as a whole. Analysts had expected 1.313 million for housing starts and 1.345 million for building permits, according to. Just inĮconomic data this morning centers on housing, with February housing starts and building permits easily exceeding analysts’ expectations at seasonally adjusted levels of 1.45 million and 1.542 million, respectively. While volatile markets can present unique opportunities, they also present unique risks.Ĭontinue monitoring the financial market and banking headlines, along with tomorrow’s consumer sentiment data. During times of increased volatility, it can be fine to reduce trading size or even wait for calmer market conditions. As noted here yesterday, it’s important to monitor the news headlines but also not overreact to them. Though volatility is a little gentler this morning after yesterday’s wild action, things are far from calm. stock index futures were mixed as the opening bell approached. European stocks traded higher early Thursday on the news, but U.S. The ECB decision comes a day after worries about Credit Suisse CS helped push markets down globally, though CS shares rebounded after CS said it would borrow up to $54 billion from the Switzerland’s central bank. But because this time the decision seems a bit less certain, we could see continued tension in markets leading all the way up to the meeting. It’s likely a function of the headlines, but absent any major news, we could see trading/volatility moderate prior to the FOMC decision , as traders and investors wait until after the news is out to make moves. markets were mixed in overnight trading after yesterday’s slide, and focus could start shifting the Federal Open Market Committee (FOMC) meeting concluding next Wednesday when the Fed has its own rate decision to make. (Thursday Market Open) Today provides a “dry run” for next week as the European Central Bank (ECB) makes an interest rate decision.
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