The Latest Breaking News from Powell

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +0.16%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +0.06%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +0.51%. Stocks this morning are moderately higher. A decline in...

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are up +0.27%, and Dec Nasdaq 100 E-Mini futures (NQZ2 3) are up +0.17%. Stock index futures this morning are moderately higher on lower bond yields. Also, some positive corporate news is giving stock index futures a lift. The markets are...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Wednesday closed up +0.10%, the Dow Jones Industrials Index ($DOWI ) (DIA ) closed down -0.12%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) closed up +0.11%. Stocks on Wednesday mainly closed higher, with the S&P...

Morning Markets December E-Mini S&P 500 futures (ESZ2 3) are up +0.06%, and Dec Nasdaq 100 E-Mini futures (NQZ2 3) are up +0.01%. Stock index futures this morning are slightly higher. Some positive corporate news today is lifting stock index futures along with a decline in global bond yields. The...

Stocks have found a bottom after a nasty 3 month correction. Helping matters was statements by Fed Chairman Powell on Wednesday with stocks roaring higher ever since including a decisive break above the 200 day moving average for the S&P 500 (SPY). No doubt we want to know what this…

Today’s weaker-than-expected U.S. unemployment provided strong support for this week’s theme that the Fed’s rate-hike regime is likely over. Oct U.S. payrolls rose by +150,000, weaker than expectations of +180,000, and Sep payrolls were revised lower to +297,000 from +336,000. Also, the Oct U.S. unemployment rate rose by +0.1 points...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) Thursday rose by +1.89%, the Dow Jones Industrials Index ($DOWI ) (DIA ) rose by +1.70%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) rose by +1.74%. Stocks on Thursday extended this week’s gains, with the...

The dollar index (DXY00 ) Thursday fell by -0.70% and posted a 1-week low. The dollar was under pressure Thursday after Wednesday’s post-FOMC meeting comments from Fed Chair Powell bolstered speculation the Fed is done with its rate hiking cycle. Losses in the dollar accelerated on Thursday’s U.S. economic reports...

What you need to know… The S&P 500 Index ($SPX ) (SPY ) today is up +1.53%, the Dow Jones Industrials Index ($DOWI ) (DIA ) is up +1.14%, and the Nasdaq 100 Index ($IUXX ) (QQQ ) is up +1.49%. Stock indexes this morning are moderately higher, with the...