30-Day Fed Funds Apr '23 (ZQJ23)
30-Day Fed Funds Futures Market News and Commentary
The S&P 500 Index ($SPX) (SPY) today is up +1.12%, the Dow Jones Industrial Average ($DOWI) (DIA) is up +0.64%, and the Nasdaq 100 Index ($IUXX) (QQQ) is up +2.69%. September E-mini S&P futures (ESU26) are up +1.09%, and September E-mini Nasdaq futures (NQU26) are up +2.61%.
Stock indexes are climbing today as strong growth at Microsoft has reassured investors that massive spending on artificial intelligence is starting to pay off. Microsoft is up more than +15% after reporting late Wednesday that Q4 Azure and other cloud services revenue ex-forex rose +43%, better than the consensus of +39.3% and the fastest quarterly growth in four years. The markets will get another look at megacap earnings when Amazon.com and Apple report after today’s close.
On the negative side, Meta Platforms is down more than -9% after a disappointing revenue forecast. Also, bond yields are rising on concerns that Fed Chair Warsh won’t manage to curb inflation that has run above target for fi... Read more
Barchart · 20 minutes ago
The S&P 500 Index ($SPX ) (SPY ) today is up +1.12%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ...
Barchart · Thu Jul 30, 6:27AM CDT
Recent articles of US farmers turning down extraordinary offers for their farm land reminded me of a story, and raises and important question as to what...
Barchart · Thu Jul 30, 5:39AM CDT
September S&P 500 E-Mini futures (ESU26) are up +0.48%, and September Nasdaq 100 E-Mini futures (NQU26) are up +1.02% this morning as investors cheered...
Barchart · Wed Jul 29, 3:41PM CDT
The outspoken Wall Street executive is bearish on long-term bonds, but there could be opportunities for proactive Treasury traders.
Barchart · Wed Jul 29, 3:37PM CDT
The S&P 500 Index ($SPX ) (SPY ) on Wednesday closed down -1.52%, the Dow Jones Industrial Average ($DOWI ) (DIA ) closed down -2.19%, and the Nasdaq 100...
Barchart · Wed Jul 29, 10:25AM CDT
The S&P 500 Index ($SPX ) (SPY ) today is down -0.71%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is down -1.53%, and the Nasdaq 100 Index ($IUXX...
Barchart · 10 minutes ago
Argenx (ARGX) announced the acquisition of Forte Biosciences (FBRX) at $77 per share on July 27. FBRX saw significant price movement beginning June 29,...
Barchart · 19 minutes ago
The S&P 500 Index ($SPX ) (SPY ) today is up +1.12%, the Dow Jones Industrial Average ($DOWI ) (DIA ) is up +0.64%, and the Nasdaq 100 Index ($IUXX ) (QQQ...
Barchart · 23 minutes ago
Although JPMorgan Chase has outperformed the broader market over the past year, Wall Street analysts maintain a cautiously optimistic outlook about the...
Barchart · 25 minutes ago
These ETFs may not be the best way to bet on chip stocks, but for traders, they are tools worth considering.
Barchart · 25 minutes ago
Circle acquired IBM’s blockchain patent portfolio, adding more than 680 patent families and nearly 1,000 issued patents worldwide and becoming the leading...
Barchart · 25 minutes ago
Nvidia just backed a secretive AI lab founded by an OpenAI co-founder. The deal could reshape the race for smarter, safer AI.
Barchart · 40 minutes ago
Wedbush raised its AMD price target to $600, citing new Microsoft and Anthropic partnerships as the start of a sharp AI ramp for the data center business....
Barchart · 1 hour ago
CSX Corporation has outperformed the broader market over the past year, and analysts remain moderately bullish about the stock’s prospects.