When is Google's stock split? Alphabet, the parent company of Google, will make the 1:20 split on July 15…
Wall Street is braced for starting higher as inflation worries relieve
On Monday, American stock index futures demonstrated a higher start, building on revenues from the previous week's firm February jobs data, which softened worries of soaring inflation as well as faster interest rate lifts.
On Friday, Wall Street's key indexes concluded up almost 2% after data disclosed that American job additions in February soared by a firm clip, although wage surge turned to be sluggish.
Investors in American short-term interest-rate futures kept bets the US major financial institution will stick to three rate lifts in 2018.
In February, the financial markets were gripped by worries of higher wages causing price pressures, in turn provoking a selloff, which affected the stock market's sturdy soar in 2018.
The S&P 500 was 3% below the record maximums reached on January 26. Meanwhile, the Dow rebounded 4.8% from its maximum.
Rapid jump in technology equities have already drove the Nasdaq back to its record values.
The previous week's revenues were also underpinned by Donald Trump's less radical stance on his decision to impose import duties on aluminum and steel by exempting such countries as Mexico and Canada.
Dow e-minis acquired 100 points. S&P 500 e-minis headed north 0.36%, Nasdaq 100 e-minis soared 0.59%.
Market participants are going to pore over another round of data on retail sales and consumer prices due this week for further clues of soaring price pressure.
Among equities, stocks of Orexigen Therapeutics went down approximately 70% in premarket trade right after the drugmaker dared to file for Chapter 11 bankruptcy protection. Besides this, Lumentum Holdings went up 5.5% after the laser as well as optical fiber specialist told that it would purchase optical components maker Oclaro for approximately $1.7 billion in a cash and also stock deal. As a result, Oclaro rallied 25%.
The bullish movement in the stock market is gaining speed, and Bitcoin ETFs are closer than they might seem. What do we need to know for the next trading week?
On Wednesday, September 22, Microsoft will be holding a product launch. The event starts at 18:00 GTM + 3.
The Japanese yen fell to its lowest level against the US dollar in 33 years. Read the full report to learn the next target for USDJPY!
The US stock market fell in the third quarter. What's going on and why economists think that the last quarter will be better? Let's discuss it all here.
BlackRock CEO forecasts the Fed may have to raise rates further. The US dollar index (DXY) gains 130 points today. Read the full report to get more fresh news and technical analysis!