Nasdaq 100 Forecast :QQQ hovers around record highs in a quiet start
After soaring in the previous session, US stocks are pointing to a quiet open. Stocks surged to record highs yesterday, inspired by AI chip designer Nvidia's results and outlook. Today the US economic calendar is quiet. Some attention could go to Fed governor Christopher Waller's comments after he pushed back on the need for immediate rate cuts. The USD is set to fall this week - the first weekly decline in 2024.
S&P500 Forecast: SPX hits a record high after Nvidia earnings
S&P 500 rises to a fresh all time high after blowout Nvidia results. Nvidia posed a 265% rise in revenue and a 769% rise in net earnings sending the share price 13% higher. Note that profits are rising by more than the share price! The market is overlooking US jobless claims which fell to 201k, supporting the Fed's view that it is too early to cut rates.
Nasdaq 100 Forecast: QQQ slips ahead of FOMC minutes, Nvidia earnings
US stocks are heading for a weaker open as investors look cautiously ahead to the release of the minutes to the January FOMC meeting and to Nvidia earnings after the close. Investors will be looking to see whether the minutes push back on rate be expectations and whether Nvidia, the AI chipmaking giant can live up to the hype surrounding its stock and a future with AI.
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Nasdaq 100 Forecast :QQQ rises after earnings from Meta, AMZN & a strong NFP report
US stocks point to a mixed open, and Nasdaq futures are off session highs after US non-farm payroll data smashed forecasts, with 353k jobs added in January above 180k forecasts. December's numbers were also revised higher to 333k. Meanwhile, upbeat results from Meta and Amazon. Apple is set to fall despite beating profit and revenue forecasts.
S&P500 Forecast: SPX rises after the Fed inspired selloff
US stocks are pointing to a positive open, recovering after a steep selloff yesterday when Fed Chair Powell pushed back on a March rate cut, saying that it was not his base case scenario. US jobless claims and Challenger cuts point to a slight weakening in the labour market ahead if tomorrow's non-farm payroll report. Big tech is in focus with Apple, Amazon and Meta due to report after the close.
S&P500 Forecast :SPX flat ahead of a busy week
US stocks are pointing to a flat open as investors sit on the sidelines ahead of a busy week with US tech stock earnings and the Federal Reserve interest rate decision due on Wednesday. The Fed is expected to leave interest rates on hold in January and the market is looking for clues over when the Fed may start to cut rates. Microsoft and Alphabet report earnings tomorrow after the close.
S&P500 Forecast :SPX struggles after personal spending jumps
US stocks are pointing to a nixed open after US core PCE eased to 2.9% YoY in December, but personal spending jumped 0.7%, supporting the view that the US is heading for a soft landing, but the Fed may not need to cut interest rates soon. Intel is set to fall on the open after disappointing Q1 guidance.
Nasdaq 100 Forecast: QQQ rises after Q4 GDP growth, Tesla falls
US stocks are heading for a higher start despite Tesla's disappointing outlook and after stronger-than-expected GDP data. US GDP rose 3.3% in Q4 annualized, ahead of the 2% forecast but down from 4.9% in Q3. Treasury yields declined after the data, lifting stocks and dragging on the USD. Earnings continued to roll in. Tesla points to an 8% fall after missing on both the top and bottom line and warning of slower growth in 2024.
S&P500 Forecast: SPX hits fresh record highs as Netflix soars
US futures rise to record highs, boosted by tech stock earnings optimism and hopes that he US economy will achieve a soft landing. Netflix is set to open almost 10% higher after strong subscriber numbers and a Q4 earnings beat. US PMI data is due shortly and could support the soft landing narrative. Watch for Tesla earnings after the close.
Dow Jones Forecast: DJIA eases from a record high, earnings are in focus
US stocks head for a muted start after record highs in the previous session. Amid a lack of economic data, all eyes are on a slew of earnings. Netflix will report after the close. Looking ahead, US Q4 GDP and core PCE are in focus towards the end of the week.
S&P500 Forecast : SPX rises ahead of key data and earnings this week
US stocks are pointing to a higher open after reaching record levels last week. Optimism surrounding rate cuts drove stocks higher at the end of last year, and all three US indices are trading higher so far in 2024 despite a wobbly start. Attention this week will be on US Q4 GDP and core PCE, as well as earnings from the likes of Tesla and Netflix.
SP500 Forecast: SPX rises with tech stocks leading the way
US stocks point to a higher open after gains in the previous session. Tech and chips stocks are once again in favour, lifting the indices higher, despite Fed officials playing down the need for early rate cuts.
NASDAQ 100 Forecast: QQQ rises after solid data and on AI optimism
US stocks point to a broadly upbeat start, boosted by soft landing hopes and AI optimism after an encouraging outlook from TSM. Meanwhile, US jobless claims and housing data pointed to a resilient economy despite interest rates at a 22-year high. Looking ahead Atlanta Fed President Raphael Bostic is due to speak. Any comments regarding the outlook for interest rates could influence the market.
S&P 500 Forecast: SPX falls after retail sales cast doubts over early Fed rate cuts
US stocks are pointed to a weaker start after stronger-than-expected retail sales, and Fed speakers cast doubts over early Fed rate cuts. Retail sales rose by more than forecast, highlighting the resilience of the consumer despite interest rates at a 22-year high. Meanwhile, oil prices are tumbling after weaker-than-expected growth in China raises concerns over the oil demand outlook.
S&P 500 Forecast: SPX mulls over disappointing bank earnings, PPI data
US stocks are pointing to a mixed start as the market weighs up a weak start to Q4 earnings season and cooler-than-expected PPI inflation data. The likes of Citigroup, Bank of America, and Wells Fargo point to a lower start after earnings, while JP Morgan bucks the trend and is set to rise after a record full-year profit. US PPI rose by less than expected after yesterday's hotter-than-expected CPI print.
Dow Jones Forecast :DJIA rises despite hotter than forecast CPI
US stocks are heading higher despite hotter-than-expected CPI data. CPI rose 3.4% YoY in December, up from 3.1% in November. Core inflation cooled but by less than expected. This means a March rate cut is looking less likely. Despite an initial selloff, stocks are grinding higher once again. Earning seasons will kick off tomorrow with US banks.
Dow Jones Forecast: DJIA muted ahead of tomorrow's CPI report
The Dow Jones points to a muted start as investors wait cautiously for tomorrow's inflation data and the start of earnings season on Friday. The CPI report could provide further guidance on the possible path for further Federal Reserve rate cuts. Hotter than forecast CPI could see the market rein in Fed rate cut bets, which could hurt demand for stocks. The CME Fed watch report sees a 65% chance of a March rate cut, down from 85% in mid December.
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Nasdaq100 Forecast: Stocks slip after a strong rally
US stocks are heading lower after a stellar session on Monday. The Nasdaq soared 2.4% boosted by AI optimism. Today, hawkish comments from Fed official Raphael Bostic are hurting the mood ahead of Thursday's inflation data which could provide further clues over the Fed's future path for interest rates.
S&P500 Forecast: SPX steady, Boeing tumbles
US stocks point to a mixed, muted start as investors brace themselves for US inflation data later in the week. The figures come after a mixed NFP report on Friday and after the market reined in aggressive Fed rate cut bets last week. Boeing is set to open lower after a mid-air incident which resulted in the FAA grounding 170 planes.
S&P500 Forecast: SPX recovers from initial losses after hot NFP report
US stocks are rising, recovering from initial losses after a hotter-than-expected NFP. 216K jobs were added in December, after a downwardly revised 173k in November. Average earnings rose to 4.1%.
S&P500 Forecast: SPX holds steady after jobs data Apple falls further
US stocks point to a mixed open after ADP payrolls and jobless claims come in ahead of forecasts. Meanwhile, the Fed minutes gave no further clues on when the first Fed rate cut may be. Apple is set to fall further after a second broker downgrade in as many days amid concerns over iPhone demand.
Nasdaq 100 Forecast: Stocks extend losses ahead of FOMC minutes
US stocks point to a weaker open, extending losses from the previous session, as investors reassess the likelihood of deep rate cuts from the Fed this year. Attention turns to ISM manufacturing PMI data, JOLTS job openings and the FOMC minutes to the December meeting for further clues on the Fed's path for monetary policy easing.
S&P500 Forecast: SPX falls as the Fed rally runs out of steam
US stocks are easing lower after the Nasdaq & Dow reached record highs and the S&P500 comes close. Fed policymakers continue to play down rate-cut bets, but the market has broadly ignored these warnings. Elsewhere, FedEx, the bellwether, cut revenue guidance and is set to fall 10% on the open. Oil rises for a third day amid ongoing concerns in the Red Sea.