Virgin Galactic’s Branson flew to space, but the stock of Virgin Galactic (SPCE) dropped. Why?
American futures head south notwithstanding upbeat September
On Friday, Wall Street futures pointed to a low start with mixed signs, although US equities were on track for monthly revenues in what has turned to be the least volatile September ever.
The blue-chip Dow futures soared 0.06%, the S&P 500 futures sank 0.05%, and the tech-heavy Nasdaq 100 futures leapt 0.14%.
Notwithstanding the signal from futures for Friday’s weak start, Wall Street was on track for some sturdy monthly revenues on the last trading day of September.
On Thursday, the Dow had soared approximately 2% this month. The S&P 500 gained 1.6%, the Nasdaq boasted a 0.4% gain for the month.
For Friday’s trading session, market participants are going to focus on personal income as well as spending data, not to mention the core PCE deflator, which is the Fed’s preferred inflation indicator.
American crude futures were intact sticking to $51.56, while Brent crude futures sank 0.23% trading at $57.03.
What will happen? The FOMC statement will be published at 21:00 MT (GMT+3) on Wednesday, July 28…
Hong Kong stock index extended a decline sparked by China’s tech crackdown. Tesla posted better-than-expected results. Jump in!
This week Apple, Microsoft, Google, Facebook, Pfizer, and other large US companies will deliver earnings reports…