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US Jobs Report in Focus as Middle East Tensions and Corporate News Shape Markets: Dow Jones, S&P, Nasdaq, Wall Street Futures
InvestorsHub8d agoneutral
US Jobs Report in Focus as Middle East Tensions and Corporate News Shape Markets: Dow Jones, S&P, Nasdaq, Wall Street Futures

US stock futures traded close to unchanged on Friday as investors awaited the latest employment data, a key release that could influence the Federal Reserve’s next interest rate decision. Markets were also monitoring renewed geopolitical tensions in the Middle East following a fresh Houthi attack on Saudi Arabia, while reports suggested Iran and Oman are nearing an agreement over shipping through the Strait of Hormuz.

Dow Futures Fall, Nasdaq Rebounds as Jobs Report Looms
Barrons.com8d agoneutral
Dow Futures Fall, Nasdaq Rebounds as Jobs Report Looms

Investors were in wait-and-see mode early Friday ahead of a July jobs report that will help determine whether the Federal Reserve’s next move is to hike, hold, or even cut interest rates. Nasdaq 100 futures rose 0.4%. Dow Jones Industrial Average futures slid 60 points, or 0.1%.

World shares are mixed after US stocks fall back, while oil rebounds
Associated Press8d agobullish
World shares are mixed after US stocks fall back, while oil rebounds

World shares were mixed Friday after a modest retreat on Wall Street, while the price of Brent crude gained more than 1%. In early European trading, Germany's DAX rose 0.4% to 26,253.77, while the CAC 40 in Paris edged 0.2% higher to 8,715.47. Selling of computer chipmakers and other stocks linked to the boom in artificial intelligence appeared to taper off a bit as Tokyo's Nikkei 225 lost 0.1% to 65,606.71.

U.S. Stocks Down on Hormuz Deal Doubts
The Wall Street Journal9d agoneutral
U.S. Stocks Down on Hormuz Deal Doubts

U.S. stocks fell in a jittery session amid doubts about the reopening of the Strait of Hormuz. The broad S&P 500 lost 13.59 points, or 0.18%, to 7709.96 and the tech-heavy Nasdaq Composite declined 15.09 points, or 0.06%, to 26348.35. U.S.-traded oil futures gained $2.07, or 2.8%, to $77.29 a barrel as trepidation about the Strait of Hormuz grew.

Hertz Earnings Might Be a Problem for Short Sellers. The Stock Is Soaring.
Barrons.com9d agobullish
Hertz Earnings Might Be a Problem for Short Sellers. The Stock Is Soaring.

Hertz stock jumped in premarket trading Thursday after the company’s quarterly earnings topped Wall Street estimates, offering some relief to weary investors. A year ago, Hertz reported a comparable 29-cent loss from sales of just under $2.2 billion. Shares were up 17% at $1.82 in premarket trading, while and futures were up 0.1% and 0.2%, respectively.

How El Niño Will Supercharge Global Inflation
Barrons.com9d agoneutral
How El Niño Will Supercharge Global Inflation

It’s been 23 weeks since the U.S. began strikes on Iran, and we’re still in the midst of what feels like the hundredth attempt at peace talks. President Donald Trump said this week that a deal to reopen the Strait of Hormuz was close, but warned that strikes could resume if talks fall apart. This week I’m diving into El Niño, and how the sheer strength of this year’s weather event means that its effects will extend well beyond agriculture profit margins—it will hurt global central banks’ efforts to curb inflation.

‘Perps’ Are the Risky New Derivatives That Could Amplify Stock Blowups
The Wall Street Journal9d agoneutral
‘Perps’ Are the Risky New Derivatives That Could Amplify Stock Blowups

Not really, but CME Group the granddaddy of derivatives exchanges, would like to keep it respectable. CME provides many products needed for the normal functioning of financial markets. Its business has also gotten a big lift from the explosion in retail options trading and the public’s embrace of leveraged and options income funds.

World shares are mixed and Kospi falls 4.6% after tech giants decline on Wall Street
Associated Press9d agobearish
World shares are mixed and Kospi falls 4.6% after tech giants decline on Wall Street

Shares were mixed Thursday in Europe and Asia and South Korea’s Kospi dropped more than 4% following declines for some Big Tech giants including memory chipmaker SK Hynix. Oil prices held steady, with Brent crude trading near $79 a barrel. Uncertainty about the direction of the U.S. war with Iran is still overhanging markets despite hopes for a reopening of the Strait of Hormuz.