Stock Market Today: S&P 500, Dow Jones Futures Fall as Rising Yields and Trump’s Hormuz Deal Rejection Spook Investors—LLY, PEP, JEF in Focus
U.S. stock futures declined on Monday, as the Dow Jones, S&P 500, and Nasdaq 100 indices fell, following Friday’s higher close. This tracked a sharp sell-off across Asian equities as surging U.S. Treasury yields and volatile crude prices weighed heavily on risk assets. Meanwhile, oil prices climbed after President Donald Trump rejected a proposal to reopen the Strait of Hormuz. In response, Iranian Foreign Minister Abbas Araghchi warned that while Tehran wants to “forge peace,” the nation is “fully prepared for the time for the war to be resumed.” Meanwhile, the 10-year Treasury bond yielded 5.22%, and the 2-year Treasury bond yielded 4.91%, at the last check. The CME Group’s FedWatch tool projections show markets pricing in a 70.3% likelihood of the Federal Reserve hiking interest rates after its October meeting. Index Performance (+/-) Dow Jones -0.42% S&P 500 -0.51% Nasdaq 100 -1.02% Russell 2000 -0.62% The SPDR S&P 500 ETF Trust (NYSE: SPY ) and Invesco QQQ Trust ETF (NASDAQ: QQQ ), which track the S&P 500 index and Nasdaq 100 index, respectively, fell in premarket on Monday. The SPY was down 0.51% at $767.38, while the QQQ declined 1.30% to $736.85. Read Also: Stock Market: Wi
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S. stock futures declined on Monday, as the Dow Jones, S&P 500, and Nasdaq 100 indices fell, following Friday’s higher close. S. Treasury yields and volatile crude prices weighed heavily on risk assets.
Meanwhile, oil prices climbed after President Donald Trump rejected a proposal to reopen the Strait of Hormuz. 91%, at the last check. 3% likelihood of the Federal Reserve hiking interest rates after its October meeting. 62% The SPDR S&P 500 ETF Trust (NYSE: SPY ) and Invesco QQQ Trust ETF (NASDAQ: QQQ ), which track the S&P 500 index and Nasdaq 100 index, respectively, fell in premarket on Monday.
85. Read Also: Stock Market: Will S&P 500 Open Up or Down Today? Stocks In Focus KLX Energy Services Holding KLX Energy Services Holdings Inc. 62% in premarket on Monday after updating its guidance for the third quarter, now seeing revenue of $180 million to $185 million, up 9% sequentially.
’s Edge Stock Rankings indicate that KLXE maintains a weak price trend in the short, medium, and long terms. Indonesia Energy Indonesia Energy Corp. 55% higher in Monday premarket despite posting a first-half loss of 12 cents per share, versus a year-ago loss of 19 cents per share. 070 million.
’s Edge Stock Rankings indicate that INDO maintains a weak price trend in the short, medium, and long terms. Eli Lilly Eli Lilly And Co. S. FDA has approved Olumiant (baricitinib), a once-daily pill, for pediatric patients 12 years of age and older with severe alopecia areata (AA).
’s Edge Stock Rankings indicate that LLY maintains a strong price trend in the medium, short, and long term, with a poor value score. PepsiCo PepsiCo Inc. 22% after it announced an investment of $1 billion in Colombia over the next five years. ’s Edge Stock Rankings indicate that PEP maintains a weak price trend in the short, long, and medium terms, with a good quality score.
Jefferies Financial Group Jefferies Financial Group Inc. 17 billion after the closing bell. ’s Edge Stock Rankings indicate that JEF maintains a weak price trend in the long, short, and medium terms, with a moderate growth score. Read Also: S&P 500 in the 'Sweet Spot' for Q4: Ryan Detrick Points to 'Above Average Returns,' Noting Gains in 18 of Last 21 Historical Setups Cues From Last Session Information technology, industrials, and financial stocks posted the largest gains Friday, while energy and communication services bucked the broader trend to finish lower.
S. stock market and rising economic headwinds. S. S.
assets remains robust, insulating equity markets from the immediate pressures of higher borrowing costs. However, El-Erian signals caution regarding the broader economy and future market stability. He notes a “widening divergence in the US between hard economic data and softer data,” emphasizing weakening consumer sentiment alongside sticky, elevated inflation expectations. " Ultimately, while corporate earnings currently shield stocks, tightening financial conditions and economic fragmentation present persistent underlying risks.
Upcoming Economic Data Here’s what investors will be keeping an eye on this week. On Monday, Sept. 28, Federal Reserve Bank of New York President John Williams begins a two-day regional visit to Western New York. On Tuesday, Sept.
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m. ET. On Thursday, Oct. 1, initial jobless claims for the week ending Sept.
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m. ET, and Dallas Fed President Lorie Logan will speak at a macroeconomic workshop. 57 per barrel. 37 per ounce.
S. 1150 level. 65 per coin over the last 24 hours. Asian markets were lower on Monday, except for Hong Kong’s Hang Seng and Australia’s ASX 200 indices.
Japan’s Nikkei 225, South Korea’s Kospi, China’s CSI 300, and India’s Nifty 50 indices fell. European markets were higher in early trading. com