DJIA futures were up 30 points, S&P futures rose 2.75 points, and Nasdaq futures were flat this morning. Markets are reacting to General Electric Co.'s (NYSE: GE) announcement of a major real estate deal. The Dow Jones Industrial Average gained 56 points on Thursday as oil prices rebounded and lifted energy stocks. But the dollar's strength limited the market's upside and fueled uncertainty over corporate profits as earnings season gets underway.
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U.S. stock futures for Thursday, April 9, forecasted a 4-point gain from yesterday's close. The DJIA Index added 27 points on Wednesday following a busy day of earnings reports and the release of minutes from the Federal Open Market Committee (FOMC) meeting in March.
Dow futures for Wednesday, April 8, forecasted a 12-point retreat from yesterday's close.
On Tuesday, The DJIA Index retreated sharply during the last 30 minutes of a busy trading session, erasing an earlier gain of more than 100 points. The sell-off comes the day before earnings season kicks off and the Federal Reserve releases minutes from the most recent FOMC Meeting.
Healthcare stocks were the best performers from the S&P 500, as biotech shares shook off four consecutive days of losses. The Nasdaq Biotech index (INDEXNASDAQ: NBI) and the iShares NASDAQ Biotechnology Index ETF (Nasdaq: IBB) added nearly 1% on the day.
Dow futures for Tuesday, April 7, forecasted a 22-point gain from yesterday's strong close. As first-quarter earnings season kicks off, investors are keeping an eye on oil prices and statements from members of the Federal Reserve.
On Monday, the DJIA Index gained more than 144 points, fueled by a surge in oil prices and soft data that hints the Federal Reserve will likely avoid an interest rate hike in June. Friday's weak March employment report pushed PNC Financial Services to delay its expected target rate date back to September.
DJIA futures for Monday, April 6, were on the decline by 128 points this morning after Thursday's close.
The DJIA added 65 points on Thursday, fueled by increased optimism over the U.S. employment situation. On Friday, the markets were closed for Good Friday. However, the U.S. reported weaker-than-expected payroll growth. The nation created its smallest amount of jobs in 15 months.
Trusting Wall Street stock market predictions could be hazardous to your portfolio's health.
In particular, the annual Wall Street stock market predictions made by the top analysts are so inaccurate, a blindfolded monkey with a dartboard could do better.
Collectively, the forecasts of these "experts" over the past 15 years have been off by an average of 14.7 percentage points a year. That's worse than if they'd simply guessed the long-term average return of 9% every year.
Stock market news today, Thursday, April 2, features a big wage announcement from MCD, a WMT stock sell-off, GoDaddy's second day on the New York Stock Exchange, and more.
U.S. stock futures forecasted a 12-point retreat from yesterday's close.
Wall Street is full of adages, superstitions, and myths - and that includes answers to the question: Why is the stock market closed on Good Friday?
Good Friday is the only non-federal holiday when the NYSE closes. Rumor has it that it's closed due to serious crashes that occurred in the years it did open that day.
Dow Jones futures today (Wednesday) forecasted a 65-point retreat from yesterday's Dow close.
The DJIA Index plunged 200 points Tuesday as energy stocks slipped on news of an extended deadline for an Iranian nuclear deal. Basic materials stocks were the biggest decliners Tuesday.
Stock market predictions are typically bullish in April. According to The Stock Trader's Almanac, the S&P 500 has climbed every single April since 2006 by an average of 3.1%. Since 1950, it has been the best performing month for the Dow Jones.
This monthly spike is usually attributed to strong Q1 earnings reports hitting Wall Street. Numerous companies will also raise their guidance figures for the full year in April.
This year, things aren't as bullish in the short term. Our stock market predictions today call for continued volatility into Q2.
S&P futures today (Tuesday) forecasted a 9-point drop from yesterday's S&P close. Dow futures followed a similar path.
S&P futures today are moving in anticipation of January's Case-Shiller housing index numbers as well as chatter about a potential hike to interest rates. Today features three presentations from Federal Reserve presidents.
Good morning! Stock futures today (Friday, March 27) forecasted a 10-point retreat from yesterday's close. On Thursday, The DJIA managed to bounce back from early triple-digit losses but still closed down 39 points, notching its fourth consecutive drop.
This morning, it's all about fourth-quarter GDP. The U.S. Commerce Department will release its final estimate on GDP for the last quarter of 2014. Economists expect the final level to tick up to 2.4% growth over the quarter.
The Nasdaq pre-market showed further signs of trouble, with Nasdaq futures plunging 46 points. This was the day after the Nasdaq Composite fell 118 points - its steepest one-day decline in almost a year.
Likewise, Dow futures today forecasted a 130-point slide from the Dow close yesterday, when the DJIA index plunged 292 points.
Today's pre-market movers include Kraft Foods Group Inc., who saw its stock skyrocket on news of a merger with H.J. Heinz Co.
However, the broader stock market today is hardly getting the same kind of lift. Dow futures forecasted a small decline from the Dow close yesterday.