Today. Lets get to the Global Markets report u. S. Equity futures right now are looking a little bit lower dow futures indicated down by 68 points this comes after the dow closed above 23,000 for the First Time Ever and it did so in a powerful way with the dow gain of 160 points yesterday. Right now it looks like the nasdaq is indicated to open down by 31 points the s p futures are indicated down by 9 points overnight in asia, china reporting Third Quarter gdp growth of 6. 8 , in line with expectations, but you can see a pull back in both markets. The shanghai composite off by a third of a percent in japan, stocks closed higher again, up 0. 4 21,448 ibm, that was almost 15 points, 5 in the morning, 6. 7. 9 at one point. Cramer was going nuts there were all the naysayers, after 22 straight quarters of declining revenue and still there and there were the questions about the tax issues those were the consensus, cramer against consensus, saying it was more about the next quarter and the In
Back from vacation and diving into a big week. The S&P 500 is just over 5% away from hitting its all-time high, FED's poised for a rate hike, second quarter GDP and big tech earnings are rolling in. Coffee in hand? Let's conquer this week together!
The week that was showcased a U.S. economy that while cooling, is still too resilient to achieve the Fed’s aim. First up, the ISM Manufacturing and Services Indexes showed that the goods sector continued to slow, while the service sector continued to expand, albeit at a modest pace. The manufacturing index declined again in June, falling 0.9 points to a 3-year low of 46.0. This marks its eighth consecutive month in contraction territory and points to deteriorating conditions in the manufacturing sector. The index suggests that demand remains weak in the sector, with new orders still below the 50 mark. Manufacturers have responded by cutting both production and employment (with both sub-indexes coming in below 50). The survey result is consistent with data on consumption expenditure, which showed real spending flat in May and expenditure on goods pulling back by 0.4% on the month.
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