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Wall Street ends sharply lower as anxiety rises, earnings heat up​

  • Netflix dips in extended trade after results
  • Domino's Pizza slumps after Q2 same-store sales miss
  • Warner Bros Discovery jumps on report of mulling break-up plan
  • VIX touches multi-month high
  • Indexes down: Dow 1.29%, S&P 0.78%, Nasdaq 0.70%
NEW YORK, July 18 (Reuters) - U.S. stocks tumbled on Thursday, reversing early gains as investors continued to rotate away from high-priced megacap growth stocks and second-quarter earnings season gathered steam.

All three major U.S. stock indexes suffered losses, and the blue-chip Dow fell the most, halting a series of consecutive record closing highs.
The sell-off resumed a day after the Nasdaq posted its biggest one-day drop since December 2022 and the chip sector (.SOX), opens new tab suffered its largest daily percentage plunge since the pandemic-related shutdown panic of March 2020.

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AMERICAS Volatility resurfaces, tech outage rankles​

July 19, 2024 6:08 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

Volatility is resurfacing as a turbulent week for world markets and politics was met on Friday with a global tech outage that's compounded a recoil in mega-cap shares, already hit by fears of new chipmaker curbs and underwhelming earnings guidance.

Major U.S. airlines ordered ground stops on Friday citing communications issues, while other carriers, media companies, banks and telecoms firms around the world also reported that system outages were disrupting their operations.

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Bancosta Week 28

Fearnleys Week 29

Drewry WCI 18Jul
www.drewry.co.uk

World Container Index - 05 Sep

05 Sep 2024: Drewry’s World Container Index decreased 8% to $4,775 per 40ft container this week.
www.drewry.co.uk www.drewry.co.uk

Capital Link Shipping Week 29

Commodities - Live Quote Price Trading Data

Trading Economics provides data for several commodities including live bid/ask quotes, last trading prices, forecasts, charts with historical time series and news. This table was last updated on Friday, September 6, 2024.
tradingeconomics.com tradingeconomics.com
 

Take Five: Feeling the heat​

July 19 (Reuters) - There is rarely a dull moment in markets and the week to come will be no exception, with make-or-break U.S. inflation data and tough questions over international financing for Ukraine - all against a backdrop of a fraught U.S. presidential race.

Earnings will be front and centre, as members of the "Magnificent 7" report their results, along with major banks.

Here's your look at what's happening in markets in the coming week, from Rae Wee in Singapore, Lewis Krauskopf in New York and Naomi Rovnick, Tommy Wilkes and Marc Jones in London.

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Cattle on Feed up just over 0.5% from last year | Weekly Livestock Market Update​

Jul 19, 2024 #agriculture #news #markets

This week, Meghan Grebner and University of Tennessee ag economist Charley Martinez talk about Cattle on Feed being up just over 0.5% from last year, and also what's expected for next week's reports.


16:55

Chapters:
0:00 Introduction
0:26 This week in the markets
2:55 Weekly Slaughter
4:03 Cattle on Feed
14:30 Next week's reports
 

Morning Bid: Biden bows out, election bets shift, China cuts​

July 22, 2024 6:02 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

U.S. President Joe Biden's weekend withdrawal from the White House race can hardly be seen as a big surprise, but it adds some doubts to market bets that Republican challenger Donald Trump is a shoo-in in November's election.

After a turbulent few days for Wall Street stocks that saw their biggest weekly loss since April, and as big tech megacaps hiccupped into the start of the second-quarter reporting season, volatility had already resurfaced to some degree.

Tightening odds on the next president may just keep that on the boil as some of so-called "Trump trades" were pared back marginally on Monday - long-term Treasury yields and the dollar (.DXY), opens new tab ebbed a bit, Mexico's peso firmed, stock futures were a touch higher and the VIX volatility gauge (.VIX), opens new tab held at last week's 3-month high.

An unexpected interest rate cut from the People's Bank of China on Monday added the main international backdrop as the new week got underway and pushed the yuan to its weakest in more than two weeks.

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Wall St closes higher as investors return to megacap stocks​

  • Nvidia jumps on report of new AI chip for China market
  • Mattel soars after Reuters reports buyer interest
  • CrowdStrike slips after Friday's global cyber outage
  • Verizon falls on Q2 revenue miss
  • Indexes rise: Dow 0.32%, S&P 1.08%, Nasdaq 1.58%
July 22 (Reuters) - Wall Street's three benchmarks ended higher on Monday as investors returned to megacap growth stocks, helping both the S&P 500 (.SPX), opens new tab and Nasdaq Composite (.IXIC), opens new tab recover from their worst weekly performance since April.

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Morning Bid: Megacaps report, Harris in frame, China wobbles​

July 23, 2024 6:20 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

Monday's Wall Street bounce saw some relief precede the first two earnings reports from the "Magnificent 7" megacap stocks, while U.S. Vice President Kamala Harris looked set to replace Joe Biden as Democrat candidate for November's White House race.

A volatile couple of weeks for politics and stock markets sees attention switch back to quarterly earnings on Tuesday, with Google-parent Alphabet (GOOGL.O), opens new tab and Tesla (TSLA.O), opens new tab updating after the bell today.

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U.S. exports, ethanol production build | Weekly Commodity Market Update​

Jul 23, 2024 #agriculture #news #markets

This week Will and Ben breakdown the future role of U.S. crops in the Chinese export market.


12:49
 

Morning Bid: High earnings bar, Harris polling bump​

July 24, 2024 6:06 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

Wall St has suddenly become a tough crowd to please.

Much like last week's cool market reception for decent earnings beats from streamer Netflix (NFLX.O), opens new tab or chipmaker TSMC (2330.TW), opens new tab, Alphabet's (GOOGL.O), opens new tab surprisingly muscular second quarter left its stock down 2% overnight - and even the artificial intelligence theme didn't wow the gallery.

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splash247.com

Chinese commodity imports reach new highs - Splash247

All year long there has been a severe mismatch between the doom and gloom headlines surrounding the Chinese economy and the mountains of commodities shifting through the nation’s ports. This dislocation is getting wider with the latest data from broker Braemar showing that in the second quarter...
splash247.com splash247.com
 

Scrap Metal Market Alert: Copper Prices Plummet! What's Next?​

💰 This Week's Scrap Metal Market Highlights 💰

Join us as we dive into the latest movements in the scrap metal market, with a special focus on copper and other key metals. From unexpected price jumps to market retractions, get the insights you need to stay ahead in the game!
👉 Read more: https://iscrapapp.com/blog/weekly-scr...


25:53
 

Morning Bid: Growth angst or air pocket? Stocks nurse losses​

July 25, 2024 6:06 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

The worst day for the S&P500 (.SPX), opens new tab since 2022 and mounting central bank easing bets suggest markets' serene 'soft landing' scenario is being questioned as China growth worries and U.S. election risks mount.

Even though a withering swoon in megacap tech stocks this week comes in the thick of the corporate earnings season, the incoming aggregate profit growth picture remains buoyant overall. A first cut of second-quarter U.S. GDP estimates later on Thursday will hold that further up to the light.

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Morning Bid: Stocks try to shake it off and rotate​

July 26, 2024 6:13 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

The end of a hair-raising week for the stock market has left more questions than answers, with Thursday's bumper U.S. growth data goosing a blistering rotation to small cap stocks as traders brace for three major central bank decisions next week.

Before the Federal Reserve's latest policy decision on Wednesday, the central bank gets an update on its favored inflation gauge later today.

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Take Five: Scores on the doors for Big Tech​

July 26 (Reuters) - It's a big week for central banks, with policymakers in the United States, Japan and Britain all due to reconsider lending rates and markets on edge over more earnings from U.S. tech giants.

In Venezuela, voters head to the polls to elect a president.

Here's your look at what's happening in markets in the coming week, from Kevin Buckland in Tokyo, Ira Iosebashvili and Rodrigo Campos in New York and Amanda Cooper in London.

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Bancosta Week 29

Fearnleys Week 30

Drewry WCI 25 Jul
www.drewry.co.uk

World Container Index - 25 Jul

25 Jul 2024: Drewry’s World Container Index decreased 2% to $5,806 per 40ft container this week.
www.drewry.co.uk www.drewry.co.uk

CLS Week 30

Commodities - Live Quote Price Trading Data

Trading Economics provides data for several commodities including live bid/ask quotes, last trading prices, forecasts, charts with historical time series and news. This table was last updated on Friday, September 6, 2024.
tradingeconomics.com tradingeconomics.com
 
www.freightwaves.com

Weekly U.S. rail traffic remains up slightly

U.S. rail traffic was again ahead of 2023 levels for the week ending July 20, 2024, with overall volume up 1.4% compared to the same week last year, according to
www.freightwaves.com www.freightwaves.com

www.freightwaves.com

California Supreme Court upholds AB5 exemption for gig workers

The California Supreme Court unanimously upheld the exemption from independent contractor law AB5 that Prop 22 granted to gig drivers.
www.freightwaves.com www.freightwaves.com

www.freightwaves.com

Paris Olympics will be a true test of supply chains

The logistics needed to pull off the Olympic Games is always a massive undertaking. The 2024 Paris Games are even more intense. This is what it takes to pull it
www.freightwaves.com www.freightwaves.com

www.freightwaves.com

FedEx to cut domestic flight activity by 60%

FedEx will fly fewer aircraft and go to fewer U.S. cities starting this fall as a consequence of the U.S. Postal Service giving its primary air cargo contract to a
www.freightwaves.com www.freightwaves.com
 

US inflation data lifts global stocks, lowers Treasury yields​

NEW YORK, July 26 (Reuters) - A gauge of global stocks climbed for the first time in four sessions on Friday as equities steadied after a sharp selloff and U.S. economic data showed an improving inflation landscape, sending Treasury yields lower.

The Commerce Department said the personal consumption expenditures (PCE) price index, the Federal Reserve's preferred inflation gauge, edged 0.1% higher last month after being unchanged in May, matching estimates of economists polled by Reuters.

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Live cattle futures jump more than $5 on the week | Weekly Livestock Market Update​

Jul 27, 2024 #agriculture #news #markets

This week, Meghan Grebner and University of Tennessee ag economist Charley Martinez talk live cattle futures jumping more than $5 on the week, Livestock Slaughter, and Cold Storage.


21:40

Chapters:
0:00 Introduction
0:21 This week in the markets
3:15 Weekly Slaughter
4:53 Livestock Slaughter
10:38 Cold Storage Report
20:00 Next week's reports
 

Farm Journal Report: In-Depth Look at Fallout from Falling Net Farm Income​

Jul 26, 2024


9:12
 

Morning Bid: Calmer, but for how long?​

July 29, 2024 6:21 AM EDT

A look at the day ahead in U.S. and global markets by Alun John, EMEA breaking news correspondent, finance and markets

Things are feeling calmer on Monday morning, though we will see how long that lasts as it's going to be an action-packed week.

Shares in Europe and Asia are trading higher and Nasdaq futures were up 0.3% at the time of writing (0900 GMT, 0500 ET)- a change of tone after a stumble by megacap tech stocks saw the tech-heavy benchmark shed 5.6% in the past two weeks.

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World stocks gain, US yields fall at start of jam-packed week​

  • Global shares, Wall St gain
  • Fed, BOE and BOJ all meet this week
  • Earnings include Microsoft, Amazon and Meta
NEW YORK/SYDNEY, July 29 (Reuters) - Global stocks advanced and longer-dated U.S. yields slipped on Monday, at the start of a week jammed with earnings and a trio of central bank meetings that could see the United States and Britain open the door to interest rate cuts.

U.S. jobs data for July, closely watched surveys on U.S. and global manufacturing, and euro zone gross domestic product and inflation data are all due later this week.

The markets were jittery ahead of Big Tech earnings and concern over the Federal Reserve's next moves. Big Tech stocks were up, but off the day's highs.

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Morning Bid: Microsoft and job openings to hit pre-Fed vigil​

July 30, 2024 6:10 AM EDT

A look at the day ahead in U.S. and global markets from Mike Dolan

To the extent that worries about pricey tech stocks and rising AI capex spending were partly behind last week's market shakeout, Microsoft's quarterly update should prove a key moment later on Tuesday, just as the Federal Reserve's latest policy meeting gets under way.

Markets run the gauntlet of three major central bank decisions this week, the July U.S. employment report on Friday and four U.S. megacap earnings reports.

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Commodities fall, stocks nervy ahead of Fed, BOJ rate decisions​

SINGAPORE/LONDON, July 30 (Reuters) - Oil hit its lowest since early June on Tuesday, as concern about the economic outlook dented commodities, while bonds, currencies and stocks traded cautiously ahead of a number of key central bank decisions and a slew of major corporate earnings reports.

Brent crude futures fell to a low of $79.34 a barrel, as worry over Chinese energy demand outweighed any concern about tensions in the Middle East or Venezuela.

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S&P 500, Nasdaq stumble on caution ahead of tech earnings​

  • Job openings stood at 8.18 million in June
  • Procter & Gamble drops on sales expectations miss
  • Merck down after cutting annual profit forecast
  • Indexes: Dow up 0.5%, S&P 500 down 0.5%, Nasdaq down 1.28%
NEW YORK, July 30 (Reuters) - The S&P 500 and Nasdaq closed lower on Tuesday, weighed down by weak chip and megacap shares ahead of earnings from heavyweight tech companies this week, but the Dow managed modest gains.

Microsoft <MSFT.O>, seen by many as leading the artificial intelligence race, fell 0.89% to $422.92 ahead of its quarterly results. After the closing bell, the software maker dropped about 5% after reporting results that missed expectations for quarterly growth in its Azure cloud-computing service.

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