Index Option Calls
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
No Result
View All Result
Index Option Calls
No Result
View All Result
Home Latest News

Stock futures decline as rising rates continue to unnerve investors, Gap shares lead retail lower

by
November 24, 2021
in Latest News
0
0
SHARES
2
VIEWS
Share on FacebookShare on Twitter

U.S. stock futures were lower early Wednesday morning as rising rates continued to frighten away investors from high-priced tech shares.

Other factors were also influencing the market early Wednesday:

RELATED POSTS

Is Trendspider The Best Stock Research Website? A User’s Comprehensive Guide

Is Motley Fool Rule Breakers The Best Stock Research Website? The Truth

Traditional retail stocks took a hit following poor quarterly results. Gap lost 21% and Nordstrom tumbled about 27% in premarket trading. Both companies reported earnings misses for the most recent quarter.Rising Covid cases in Europe continued to worry investors. Germany was considering a full Covid lockdown.A slew of of economic data due out this morning will dictate trading, including weekly unemployment claims, a second GDP update and the Fed’s preferred inflation gauge (PCE deflator). The Fed will release the minutes for their last meeting this afternoon.

Dow Jones Industrial Average futures shed 92 points, or 0.3%. S&P 500 futures lost 0.2% and Nasdaq 100 futures also shed 0.2%.

Yields have been rising since President Joe Biden’s renomination of Jerome Powell as chairman of the Federal Reserve on Monday. The 10-year Treasury yield ended last week at 1.55% and was last at 1.65% Wednesday.

The move in rates has sent investors fleeing from tech and growth shares, while boosting some bank stocks and energy shares. The divided market has left the Dow in the green for the week so far, the S&P 500 slightly lower and the Nasdaq Composite down by about 1.8%.

U.S. markets are closed Thursday for Thanksgiving and will close early on Friday in a shortened session.

“It’s certainly a story of more rotation,” said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. “The market is now — with the Powell renomination — thinking this is a reopening story, which sets aside any of the risks or concerns we might have about rising Covid infection rates.”

Gap shares plummeted after the company said third-quarter results fell short because of product delays. Earnings last quarter were just 27 cents a share, nearly half what analysts had expected.

Tesla shares were lower again after Elon Musk sold another $1 billion in stock.

Computer hardware company HP’s shares got a more than 6% lift in the premarket after reporting earnings that beat on the top and bottom lines and issuing higher first-quarter earnings guidance.

ShareTweetPin

Related Posts

Is Trendspider The Best Stock Research Website? A User’s Comprehensive Guide

by
October 4, 2023
0

Stock research websites offer a wealth of information. They provide crucial insights into market trends, stock performance, and potential investment...

Is Motley Fool Rule Breakers The Best Stock Research Website? The Truth

by
October 4, 2023
0

Finding quality stock research websites can take time and effort. With numerous platforms promising to offer unparalleled insights and guidance,...

Is Trade Ideas The Best Stock Research Website? Unraveling Its Potential

by
October 4, 2023
0

In today’s rapidly evolving financial landscape, stock research websites have become indispensable tools for investors. The modern stock market, characterized...

Is Seeking Alpha The Best Swing Trading Alerts Service? Beyond the Hype

by
October 4, 2023
0

Seeking Alpha is one of the most recognized platforms in the investment realm. Established as a repository for investment knowledge,...

Is Stock Rover the Best Stock Analysis Website?

by
October 4, 2023
0

Whether you’re a newcomer or have decades of experience in investing, this review on Stock Rover will help you steer...

Next Post

Stocks making the biggest moves premarket: Deere, Gap, Nordstrom, VMware, HP & more

Cathie Wood explains why she bought a ton more Zoom Video on the dip

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

email

Get the daily email about stock.

Please Enter Your Email Address:

By opting in you agree to our Privacy Policy. You also agree to receive emails from us and our affiliates. Remember that you can opt-out any time, we hate spam too!

MOST VIEWED

  • A Couple Stored IRA Gold at Home. They Owe the IRS More Than $300,000.

    0 shares
    Share 0 Tweet 0
  • A California Couple Spent Eight Years Building Their Dream Retirement Home in Costa Rica

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs picks new stocks to buy — and says these 5 have over 100% upside

    0 shares
    Share 0 Tweet 0
  • Goldman Sachs says buy these stocks to play Web 3.0 and the metaverse

    0 shares
    Share 0 Tweet 0
  • In his final warning, this stock trading wizard — who made big money in bear markets and crashes — called this market a bubble like no other

    0 shares
    Share 0 Tweet 0
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy
All rights reserved by www.indexoptioncalls.com
No Result
View All Result
  • Home
  • Latest News
  • Email Whitelisting
  • Privacy Policy

All rights reserved by www.indexoptioncalls.com