Global Economic Intersection Markets Blog Feed

27Aug2021 Market Close: U.S. Rigs Inch Higher As Prices Recover, WTI Crude Settles At 68.71, DOW Closes Up 243 Points, Nasdaq Up 1.2%, Silver Inches Higher 24.05, Bitcoin 48400

Fri, 27 Aug 2021 15:23:11 CDT

Written by Gary

S&P 500, Nasdaq end at record highs after Powell's J-Hole speech(SPY +0.9%). Federal Reserve hints it will start easing US stimulus and U.S. oil prices up over 10% for the week.

27Aug2021 Midday Update: SP 500 / Nasdaq Hits Record Highs As Prudent Powell Stands Pat On Policy, DOW Up 217 Points At 12:30 ET, Nasdaq Up 1.1%, Bitcoin 48100

Fri, 27 Aug 2021 11:21:32 CDT

Written by Gary

Powell's dovish J-Hole speech drives Wall Street higher (SPY +0.8%). Taper or no taper, market set to hit an intermediate top.

27Aug2021 Pre-Market Commentary: It's Jackson Hole Day And Futures Are Going Nowhere, DOW Up 80 Points, Nasdaq Up 0.3%, WTI Crude 68.87, Bitcoin 47400

Fri, 27 Aug 2021 07:42:58 CDT

Written by Gary

Stock futures are higher ahead of Fed Chair Powell's speech at J-Hole (SPY +0.3%). Stocks making the biggest moves premarket: Big Lots, Hibbett Sports, Peloton, Gap.

26Aug2021 Market Close: Wall Street Equities Have Seen Better Days, DOW Down Sharply 192 Points, Nasdaq Down 0.6%, WTI Crude Settles Lower 67.83, Bitcoin 47000

Thu, 26 Aug 2021 15:24:01 CDT

Written by Gary

U.S. Covid cases show signs of slowing, even as fatalities surge again (SPY -0.6%). Stocks slump on Kabul blast, Kaplan banter, & crappy data.

26Aug2021 Midday Update: Wall Street Slips Into The Red, DOW Down 58 Points, Nasdaq Down 0.2%, US Dollar Hits 93 Again, Bitcoin Seaking A Lower Altitude At 46900

Thu, 26 Aug 2021 11:53:10 CDT

Written by Gary

New York Fed Weekly Economic Index (WEI): index decline continues (SPY -0.3%). Jobless claims rise for first time in five weeks, but still near low for the pandemic era.

26Aug2021 Pre-Market Commentary: First-time U.S. Jobless Claims Rose By 4,000, DOW Up 13 Points, Nasdaq Down 0.3%, WTI Crude Lower 67.44, Bitcoin Slides 47200

Thu, 26 Aug 2021 07:52:06 CDT

Written by Gary

U.S. stock futures are coiled ahead of j-hole as china slumps, bitcoin slides (SPY -0.1%). The biggest premarket moves: Coty, Dollar General, Dollar Tree, Smucker.

25Aug2021 Market Close: Small Caps Soar On Biggest Short Squeeze In 7 Months, Bitcoin And Bond Yields Spike, DOW Closes Up 39 Points, Nasdaq Up 0.2%, WTI Settles At 68.24, Bitcoin 48900

Wed, 25 Aug 2021 15:17:11 CDT

Written by Gary

Stocks extend their rally with SP 500 and Nasdaq hitting fifth straight day of gains (SPY +0.2%). Global electric power demand surges above pre-pandemic levels and Trucking Data Again Slows.

25Aug2021 Midday Update: Oil Ticks Higher On Crude Inventory Draw, WTI Crude 67.95, DOW At 1 ET Up 95 Points, Nasdaq Up 0.2%, Bitcoin 48700

Wed, 25 Aug 2021 11:51:58 CDT

Written by Gary

Durable goods new orders marginally slowed in july 2021 (SPY +0.3%). The biggest midday movers: Nordstrom, Toll Brothers, Dick's Sporting Goods.

25Aug2021 Pre-Market Commentary: Wall Street Braces For J-Hole, DOW Up 11 Points, Nasdaq Up 0.05%, WTI Crude Gains 68.00, Bitcoin Slides Lower 47700, US Dollar Above 93

Wed, 25 Aug 2021 07:47:12 CDT

Written by Gary

U.S. stock futures are flat this morning, one day after the S&P 500 and Nasdaq closed at record highs (SPY +0.01%). The biggest premarket movers: Dick's Sporting, J&J, Express Shoe, Carnival.

24Aug2021 Market Close: SP 500, Nasdaq Composite Finish At Record Highs, DOW Up 31 Points, Nasdaq Up 0.5%, WTI Crude Higher At 67.64, Bitcoin Slips Fractionally 48200, New Home Sales Show Significant Slowing

Tue, 24 Aug 2021 15:21:32 CDT

Written by Gary

Unvaccinated people are 29 times more likely to be hospitalized with Covid (SPY +0.2%). Short-squeeze surge sends stocks to record high. House Democrats clear path toward passing $3.5 trillion budget bill.