The Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
July 29 - Futures tracking the main U.S. stock indexes rose on Monday after a recent sell-off, as investors braced for a busy week that will bring a Federal Reserve interest-rate decision, along with Big Tech earnings and crucial labor numbers.
At 07:13 a.m. ET, Dow e-minis were up 163 points, or 0.40%, S&P 500 e-minis were up 20.5 points, or 0.37%, and Nasdaq 100 e-minis were up 112.59 points, or 0.59%. The next round of earnings from Wall Street's tech giants including Microsoft, Meta, Apple and Amazon.com starts on Tuesday. After Wall Street's record-breaking run since the start of this year, concerns about the dominance of technology behemoths have prompted investors to pull out of these top-tier stocks and pour into lagging sections such as mid and small caps, which are expected to benefit from a low-interest-rate environment.
Investors now have their hopes pinned on the Fed signaling a rate cut, in all likelihood in September, in its policy decision on Wednesday. Any hawkish commentary from central bank officials would likely put equities under renewed selling pressure. Among other movers, McDonald's , rose 0.8% in choppy trading after it reported a surprise drop in quarterly global comparable sales.
Gold Silver Platinum Palladium PGM Platinum Group Metals Metals Precious Metals Mining News Crypto News Bitcoin News Ethereum News Mining News Interviews Economic Reports Forecasts Central Banks US Dollar Charts Tech Metals Rare Earth Metals Currency Global Economy International Policy Politics Bank Forecasts Market Nugget Mining Minutes Roundups
Philippines Latest News, Philippines Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Futures rise as Fed verdict, Big Tech results expected this weekNvidia, Alphabet, Amazon.com, Meta Platforms and Tesla were up between 0.5% and 0.8% in premarket trading, after a recent sell-off in megacap tech shares saw...
Read more »
Stock market news today: US futures steady after steep Big Tech-led sell-offEarnings misses have put the spotlight on the health of the economy after a Big Tech-led sell-off.
Read more »
Stock market news today: Nasdaq futures lead losses as first Big Tech earnings fail to deliverDisappointing Alphabet and Tesla earnings have stirred up worries that Big Tech's power to fuel stock market gains is fading.
Read more »
Nasdaq futures slide as first Big Tech results disappointTesla slumped 6.9% in premarket trading after reporting its lowest profit margin in over five years and missing second-quarter earnings expectations, as the ...
Read more »
Stock market news today: US futures waver amid earnings flood, with Big Tech on deckA marquee earnings day brings Big Tech results, in focus as investors assess the future of this year's rally.
Read more »
Big Tech earnings, a Fed meeting, and the July jobs report: What to know this weekInvestors can expect key updates on monetary policy, the labor market, and the state of Big Tech in the week ahead.
Read more »