S&P 500 Day Ahead Outlook: Rates steady, oil up as equities try to hold Thursday's gains
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UNLOCK OFFERHere is what you need to know on Friday, March 26:
US 10 Year yields remain subdued as equity markets look to end the week on a positive note. Later on Friday, we get University of Michigan Inflation data to give us food for thought. Fed's Harker says is committed to letting inflation rise above 2% for some time. Oil jumps as the Suez canal remains blocked. Oil's rise is all the more impressive given the dollar's strength, stable now at 1.1780.
European markets are just in the green, FTSE +0.2%, DAX +0.6%, and EuroStoxx flat.
US futures are mixed, the Nasdaq is lower by 0.3% but the S&P is up 0.3%, and the Dow up 0.4%.
Stay up to speed with hot stocks' news!
S&P 500 top news
Suez canal remains blocked, Oil up 2.3%.
German IFO Expectation Index beats expectations! Maybe we should say beats forecasts. Anyway, 100.4 versus 95.
BofA survey shows cash balances rising sharply. TIPS (Treasury inflation bonds) inflows reach the third largest inflow ever.
Gamestop is back as it and AMC post huge gains on Thursday.
Palantir: ARK Invest adds more to recent purchases.
WeWork, BowX Acquisition: WeWork is going public via the SPAC deal. WeWork pulled its IPO in 2019. Frothy frothy!
Fed is likely lifting restrictions on bank dividends and share buybacks in June. Bank stocks all rally.
Moderna delays shipment of covid vaccines to Canada.
AstraZeneca cannot export any more covid vaccines from the EU until it meets its obligations to the EU, Ursula von der Leyen EU Commission chief.
Ford: US Supreme Court rules against Ford in relation to state courts hearing a product liability lawsuit-Reuters. Also, Ford is to stop production of F150 for the weekend in Michigan due to semiconductor shortages.
Lyft & Uber: Massachusetts judge denies a bid to dismiss a lawsuit challenging Uber and Lyft driver classification as independent contractors-Reuters.
NIO to halt production for 5 days at Hefei plant due to a wait for it...a shortage of semiconductor chips.
Tesla: Elon Musk's tweet saying employees would lose stock options if they formed a union is illegal and should be deleted according to US National Labour Relations Board.
Microsoft in advanced discussions with Discord WSJ reports.
ROOT is misunderstood according to Citroen research, issuing a bullish note.
Ups and downs
Altria: Jefferies upgrades.
ViacomCBS: downgraded by WellsFargo
Nike: Baird upgrades.
Zoom Video: Deutsche Bank initiates as a hold.
Economic Releases due
University of Michigan Inflation Expectations is the big one.
The author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
This article is for information purposes only. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. It is important to perform your own research before making any investment and take independent advice from a registered investment advisor.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to accuracy, completeness, or the suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. The author will not be held responsible for information that is found at the end of links posted on this page.
Errors and omissions excepted.
Here is what you need to know on Friday, March 26:
US 10 Year yields remain subdued as equity markets look to end the week on a positive note. Later on Friday, we get University of Michigan Inflation data to give us food for thought. Fed's Harker says is committed to letting inflation rise above 2% for some time. Oil jumps as the Suez canal remains blocked. Oil's rise is all the more impressive given the dollar's strength, stable now at 1.1780.
European markets are just in the green, FTSE +0.2%, DAX +0.6%, and EuroStoxx flat.
US futures are mixed, the Nasdaq is lower by 0.3% but the S&P is up 0.3%, and the Dow up 0.4%.
Stay up to speed with hot stocks' news!
S&P 500 top news
Suez canal remains blocked, Oil up 2.3%.
German IFO Expectation Index beats expectations! Maybe we should say beats forecasts. Anyway, 100.4 versus 95.
BofA survey shows cash balances rising sharply. TIPS (Treasury inflation bonds) inflows reach the third largest inflow ever.
Gamestop is back as it and AMC post huge gains on Thursday.
Palantir: ARK Invest adds more to recent purchases.
WeWork, BowX Acquisition: WeWork is going public via the SPAC deal. WeWork pulled its IPO in 2019. Frothy frothy!
Fed is likely lifting restrictions on bank dividends and share buybacks in June. Bank stocks all rally.
Moderna delays shipment of covid vaccines to Canada.
AstraZeneca cannot export any more covid vaccines from the EU until it meets its obligations to the EU, Ursula von der Leyen EU Commission chief.
Ford: US Supreme Court rules against Ford in relation to state courts hearing a product liability lawsuit-Reuters. Also, Ford is to stop production of F150 for the weekend in Michigan due to semiconductor shortages.
Lyft & Uber: Massachusetts judge denies a bid to dismiss a lawsuit challenging Uber and Lyft driver classification as independent contractors-Reuters.
NIO to halt production for 5 days at Hefei plant due to a wait for it...a shortage of semiconductor chips.
Tesla: Elon Musk's tweet saying employees would lose stock options if they formed a union is illegal and should be deleted according to US National Labour Relations Board.
Microsoft in advanced discussions with Discord WSJ reports.
ROOT is misunderstood according to Citroen research, issuing a bullish note.
Ups and downs
Altria: Jefferies upgrades.
ViacomCBS: downgraded by WellsFargo
Nike: Baird upgrades.
Zoom Video: Deutsche Bank initiates as a hold.
Economic Releases due
University of Michigan Inflation Expectations is the big one.
The author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
This article is for information purposes only. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. It is important to perform your own research before making any investment and take independent advice from a registered investment advisor.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to accuracy, completeness, or the suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. The author will not be held responsible for information that is found at the end of links posted on this page.
Errors and omissions excepted.
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