Michigan Consumer Sentiment Rises to 61.8; U.S. Dollar Tests Session Lows
The expectations of further inflation decreased from 5.0% to 4.4%.
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Nasdaq 100: Netflix Slips After Hours as Subscriber Growth Falls Short of Forecasts
Daily Netflix, Inc.Netflix is testing major technical aid in its 50-day simple moving averages, now near $ 1,223. A close below that level can trigger a close deep consolidation, while the support remains above a long-term 200-day average at $ 979.82. Recent failure in holding above $ 1,300 suggests that the buyer has cooled enthusiasm,…
Crude Inventories Rise By 7.1 Million Barrels, Exceeding Analyst Estimates
Gasoline inventions fell by 2.7 million barrels from last week.
ISM Services PMI Rises To 50.8; SP500 Tests Historic Highs
The new order index increased from 46.4 in May to 51.3 in June, while the employment index declined from 50.7 to 47.2. Today, traders also had a chance to take a look at the factory order report for May. The report indicated that the orders of the factory in accordance with the analyst expectations increased…
ISM Manufacturing PMI Rises To 49.0; SP500 Climbs Back Above 6200
More than the analyst’s expectations, Jolts Jobs Opening increased to 7.769 million.
Michigan Consumer Sentiment Rises to 60.7; SP500 Tests Historic Highs
The expectations of year-on-year inflation declined from 6.6% to 5.0% in May.
Dow Jones: Nike Earnings Beat Fails to Impress, Stock Slides in After-Hours
How serious was the effect of turnaround on Nike’s financial? Nike officials confirmed that this quarter represented the peak of financial pressure from its multi-step turnaround plan. The CFO Matt Mitra labeled it the “biggest financial impact” period and said that the worst appears behind them. However, recent quarters have shown a deteriorating atmosphere, and…
CB Consumer Confidence Drops To 93.0; U.S. Dollar Tests Session Lows
The report indicated that confidence in all age groups and almost all income groups declined.
Existing-Home Sales Edge Higher in May Despite Mortgage Rate Pressure
Inventory increases – a relief for tight supply conditions? Inventory saw a significant improvement, the total housing stock is growing by 6.2% to 1.54 million units from April, increasing by 20.3% from last year. This is equal to the supply of 4.6 months, 4.4 months in April and above 3.8 months in May 2024. While…
Fed Leaves Rates Unchanged; Raises Rate Projections For 2026 And 2027
Fed has also increased the estimates of PCE inflation for 2025, 2026 and 2027.
NAHB Housing Market Index Drops To 32; U.S. Dollar Tests Session Highs
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Nasdaq 100: Is Adobe’s Earnings Surprise Enough to Spark a Strong Friday Finish?
Adobe defeats Q2 forecasts with $ 5.87B in Revenue. AI Tools promoted development, but shared the dip. Is it time to buy this tech stock?
Michigan Consumer Sentiment Rises To 60.5; SP500 Drops Below 6000
The expectations of further inflation declined from 6.6% to 5.1%.
GameStop Drops as Q1 Sales Miss Offsets Earnings Beat
Earnings surprised the fall in revenue Gamestop reported an adjusted income of $ 0.17 per share for the quarter ended 30 April, which was much better than Wall Street’s estimate of $ 0.04. This marks the company’s fourth consecutive quarter profit. However, the revenue fell by 17% to $ 732.4 million from year to year,…
JOLTs Job Openings Rise To 7.391 Million; SP500 Tests Session Highs
The US Dollar Index has also tested the session high after releasing the report.