Stock Indices Finish in the Green, Real Estate Sector Lags
Last Updated 4:05 PM EST
Stock Indices
- Nasdaq 100 (NDX) gained 0.14%
- S&P 500 (SPX) gained 0.14%
- Dow Jones Industrial Average (DJIA) gained 0.22%
Indices ended lower on the week.
Real Estate Sector
- XLRE lost 0.62%
Energy Sector
- XLE gained 1%
Treasury Yields
- 10-Year Treasury yield increased to 4.26%
- Two-Year Treasury yield hovers around 4.99%
Atlanta Federal Reserve’s GDPNow Reading
The economy is estimated to expand by about 5.6% in the third quarter.
Estimate remains unchanged compared to previous estimate.
Wholesale trade report from the U.S. Census Bureau influenced estimate.
Goldman Sachs Optimistic About U.S. Economy, Roth MKM Warns of Recession
Last Updated 1:00 PM EST
Goldman Sachs
Decreases recession probability estimation for next year from 35% to 15%.
Anticipates economic deceleration in last quarter of this year, but quick recovery in 2024.
Roth MKM
Warns against discarding possibility of recession.
Highlights ongoing inversion of yield curve as a concern.
Stocks Open Higher, Futures Trend Mixed
Last Updated: 9:30 AM EST
Stocks
Nasdaq 100 up by 0.5%
S&P 500 advanced by 0.25%
Dow Jones Industrial Average up by 0.03%
Futures
Nasdaq 100 futures up by 0.07%
S&P 500 futures down by 0.03%
Dow Jones Industrial Average futures down by 0.05%
U.S. Futures Mixed, August Sluggish for Stocks
First published: 2:19 AM EST
U.S. Futures
Nasdaq 100 futures up by 0.07%
S&P 500 futures down by 0.03%
Dow Jones Industrial Average futures down by 0.05%
Stocks
Stock market had a sluggish August and continues to struggle in September.
Investors bought $11 billion worth of bonds via ETFs in August.
Initial jobless claims fell to their lowest level since mid-February.
Kroger to Release Q2FY23 Results, DocuSign Surpasses Expectations
Kroger expected to outperform expectations in Q2FY23 results.
DocuSign’s Q2 report surpassed market’s expectations.
RH outpaced consensus on top and bottom lines for Q2FY23.
Asia-Pacific Markets End Lower on Friday
Japan’s revised Q2 GDP estimates lower than expected.
Nikkei and Topix indices down by 1.16% and 1.02%, respectively.
Hong Kong markets closed due to black rainstorm warning.
China’s Shanghai Composite and Shenzhen Component indices down by 0.18% and 0.38%, respectively.
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Disclosure: This article contains information from various sources and may not be completely accurate or up to date. Please do your own research and consult with a professional before making any investment decisions.
