| America's #1 Pot Expert reveals $22.6 billion opportunity If you're kicking yourself for missing historic, once-in-a-lifetime American pot stock gains like 16,700%... 17,054%... even 127,900%... This could be your FINAL chance to claim your share of legal marijuana wealth. Click HERE... | | | | The major U.S. index futures are currently pointing to a higher opening on Friday following the roller-coaster ride seen in recent sessions.
Traders may look to continue pushing stocks higher on the heels of the substantial recovery seen late in the previous session.
Stocks moved sharply lower over much of the trading session on Thursday before skyrocketing in the final hour of trading.
The late-day rebound extended recent volatility after stocks sold off on Christmas Eve before staging an historic rebound on Wednesday.
The markets may benefit from window dressing as the year draws to a close, although trading activity is likely to remain subdued.
Many traders are likely to remain away from their desks following the Christmas Day holiday on Tuesday and ahead of the New Year?s Day holiday next Tuesday, leading to more volatility on Wall Street.
Stocks saw considerable weakness throughout much of the trading day on Thursday before staging a substantial recovery late in the session. The major averages skyrocketed off their worst levels of the day and into positive territory.
After falling by more than 600 points, the Dow showed a substantial rebound before closing up 260.37 points or 1.1 percent at 23,138.82. The Nasdaq also rose 25.14 points or 0.4 percent to 6,579.49 and the S&P 500 advanced 21.13 points or 0.9 percent to 2,488.83.
Profit taking helped to drag stocks lower early in the day, as traders cashed in on the rally seen on Wednesday, when the Dow posted its single-day point gain in history.
Lingering concerns about the global economic outlook and the ongoing government shutdown also weighed on the markets.
Trading activity remained relatively subdued, however, allowing traders to drive stocks back to the upside late in the session.
On the U.S. economic front, the Labor Department recently released a report showing a slight drop in first-time claims for U.S. unemployment benefits in the week ended December 22nd.
The report said initial jobless claims slipped to 216,000, a decrease of 1,000 from the previous week's revised level of 217,000.
Economists had expected jobless claims to inch up to 217,000 from the 214,000 originally reported for the previous week.
Meanwhile, a separate report from the Conference Board showed a significant deterioration in consumer confidence in the month of December.
The Conference Board said its consumer confidence index slumped to 128.1 in December after dipping to a revised 136.4 in November.
Economists had expected the consumer confidence index to edge down to 134.0 from the 135.7 originally reported for the previous month.
The bigger than expected decrease by the headline index reflected a continued deterioration in consumer expectations, with the expectations index plunging to 99.1 in December after falling to 112.3 in November.
"While consumers are ending 2018 on a strong note, back-to-back declines in Expectations are reflective of an increasing concern that the pace of economic growth will begin moderating in the first half of 2019," said Lynn Franco, Senior Director of Economic Indicators at the Conference Board.
Chemical stocks showed a significant move to the upside late in the session, driving the S&P Chemical Sector Index up by 1.9 percent. The index continued to rebound after ending Monday's trading at a two-year closing low.
Networking, software, and housing stocks also moved notably higher, contributing to the late-day recovery by the broader markets.
On the other hand, notable weakness remained visible among oil service stocks, as reflected by the 1.1 percent drop by the Philadelphia Oil Service Index. The weakness in the oil service sector came amid a pullback by the price of crude oil.
| | | | | Man Who Predicted Trump's Victory Makes NEW Shocking Prediction He was one of the few who predicted Trump would win the presidential election. And now he's making another shocking Trump prediction. Read more... | | | |
MNI Indicators is scheduled to release its report on Chicago-area business activity in the month of December at 9:45 am ET.
The Chicago business barometer is expected to dip to 62.0 in December after jumping to 66.4 in November, although a reading above 50 would still indicate growth.
At 10 am ET, the National Association of Realtors is due to release its report on pending home sales in the month of November. Pending home sales are expected to drop by 0.7 percent in November after plunging by 2.6 percent in October.
A pending home sale is one in which a contract was signed but not yet closed. Normally, it takes four to six weeks to close a contracted sale.
The Energy Information Administration is due to release its report on oil inventories in the week ended December 21st at 11 am ET.
Crude oil inventories are expected to decrease by 2.7 million barrels after falling by 0.5 million barrels in the previous week.
| | | | | Eccentric Millionaire Reveals His Secret $1.8 Million Cryptocurrency Script Click here | | | |
Shares of Aphria (APHA) are moving sharply higher in pre-market trading after the Canadian cannabis producer said a hostile takeover bid by Green Growth Brands valued at $2.1 billion significantly undervalues the company.
Restaurant chain Wingstop (WING) may also see initial strength after Wedbush upgraded its rating on the company?s stock to Outperform from Neutral.
Shares of First Republic Bank (FRC) are also likely to move to the upside on news the bank will replace SCANA Corp. (SCG) in the S&P 500 effective prior to the start of trading next Wednesday. | | | | | Become a Shareholder in High Times The Original Voice of Cannabis. Join our investor community and help shape the emerging cannabis industry.
Click Here | | | |
European markets have moved to the upside on Friday, recovering from the multi-month lows recorded in the previous session. The markets have taken a positive lead from Wall Street, where stocks rebounded sharply on Thursday after an initial setback.
Although worries about global economic growth, the impact of a partial government shutdown in the U.S., and uncertainty about a U.S-China trade deal and Brexit continue to weigh on sentiment, traders are busy picking up shares ahead of the end of the year.
While the U.K.?s FTSE 100 Index has surged up by 2.2 percent, the French CAC 40 Index is up by 2 percent and the German DAX Index is up by 1.7 percent.
British American Tobacco, Capita, RBS, CRH, Dixons Carphone, Babcock International, BP and Mediclinic International are posting standout gains.
Glencore, Old Mutual, Legal & General, Standard Chartered, Sage, Centrica, WPP, National Grid, Ashtead Group, Aviva and Micro Focus have also moved notably higher.
| | | | | Get your free PlusOne Coin. Plus One Coin (PLUS1) is a social media cryptocurrency where users can up-vote content and other social media. Claim it free from sponsored faucets here.. | | | |
Asian markets ended mostly higher on Friday, tracking overnight gains on Wall Street. Buying interest was a bit subdued in some of the markets in the region, with investors staying cautious due to concerns about global growth and doubts about U.S. and China agreeing on a long-term trade deal anytime soon.
Australian stocks ended notably higher, led by gains by financial, healthcare and energy shares. Information technology, telecom, resources and industrials shares exhibited a mixed trend.
The S&P/ASX 200 Index ended up 57.10 points or 1 percent at 5,654.30 and the broader All Ordinaries Index closed with a gain of 53.90 points or 1 percent at 5,716.00.
Orocobre surged up 5.7 percent and Emeco Holdings gained 5 percent. Bega Cheese Limited shares ended 3.5 percent higher, Infigen Energy jumped 3.5 percent and Galaxy Resources added 3.3 percent.
The Chinese markets rebounded after the previous session's setback, with the Shanghai Composite Index rising 10.81 points or 0.4 percent to 2,493.90. Hong Kong's Hang Seng Index inched up 25.32 points or 0.1 percent to 25,504.20.
The markets were led higher by gains by financial, consumer staples, utilities, electricity and hospitality industry stocks, while information technology, insurance, energy and telecom stocks moved to the downside.
South Korean stocks ended notably higher, with the benchmark Kospi climbing 0.6 percent thanks to gains recorded by shares from the chemicals, heavy industries, computer services and construction sectors.
On the other hand, the Japanese markets ended lower, as investors took profits after recent strong gains. Some disappointing economic data also contributed to the weakness in the market. The Nikkei 225 Index ended down 62.85 points or 0.3 percent at 20,014.77.
Shares from the pharmaceuticals, power and retail sections lost ground, while Fujikura surged up 3.6 percent, Furukawa Electric jumped 4.2 percent and Toshiba Corp. spiked 3.5 percent.
Mitsui Mining, Nissan Chemicals, Yahoo Japan, Okuma Corp., Sumitomo Metal Mining, Nitto Denko, Nippon Electric Glass, TDK, Sumitomo Chemical, Advantest Corp. and JTEKT Corp. also moved to the upside.
J Front Retailing was the worst performer in the Nikkei index, tumbling by 9 percent. Sumitomo Dainippon ended lower by about 5.5 percent, and Sapporo Holdings, Familymart, TOTO, Takashimaya, Aeon and Otsuka Holdings also moved significantly lower.
On the economic front, the jobless rate in Japan came in at a seasonally adjusted 2.5 percent in November, according to data released by the Ministry of Internal Affairs and Communications. Economists had expected the jobless rate to come in at 2.4 percent.
A report from the Ministry of Economy and Industry showed Japanese industrial production dropped by a seasonally adjusted 1.1 percent in November, exceeding expectations for a decline of 1.5 percent following the 2.9 percent jump in October. On yearly basis, industrial production was up 1.4 percent.
Meanwhile, retail sales in Japan declined by a seasonally adjusted 1 percent in November compared to a month earlier. That missed expectations for a decline of 0.4 percent following the 1.3 percent increase in October.
| | | |
Crude oil futures are rising $0.50 to $45.11 a barrel after tumbling $1.61 to $44.61 on Thursday. Meanwhile, after climbing $8.10 to $1,281.10 an ounce in the previous session, gold futures are slipping $1.70 to $1,279.40 an ounce.
On the currency front, the U.S. dollar is trading at 110.32 yen compared to the 111.01 yen it fetched at the close of New York trading on Thursday. Against the euro, the dollar is valued at $1.1455 compared to yesterday?s $1.1430.
| |
| | To unsubscribe from this news bulletin or edit your mailing list settings click here. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +44 (0) 207 0700 961. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49 | |
ADVFN Le point sur les Marchés ...
-
Cher membre, Bienvenue chez ADVFN ! Veuillez cliquer ici pour activer votre...
-
Cher membre, Bienvenue chez ADVFN ! Veuillez cliquer ici pour activer votre...
| | | | |
No comments:
Post a Comment