Premarket Stock Trading Data: Dow, S&P, NASDAQ Futures
Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. Zacks may license the Zacks Mutual Fund rating provided herein to third parties, including but not limited to the issuer. With rate cuts seen as off the table for March, the focus was on the “dot plot” — where Fed officials think rates will move next — and on Chair Jerome Powell’s press conference to set expectations for future easing.
Gold reaches $3,000 as trade war escalates, economic uncertainty rises
It’s clear, however, that consumers are feeling less and less enthused about the state of their pocketbooks. The University of Michigan’s consumer sentiment survey came in at 57.9 on Friday, well below expectations of 63. Intel’s leading position in PC market, strength in servers, growing clout in software, IoT & ADAS domains and headway in process technology are positive indicators of future growth prospects. Apple is benefiting from momentum in the Services business, strong adoption of Apple Pay and growing Wearables business. Limited servicing fee growth opportunities and relatively higher rates affect its margins, hampering Navient’s top-line growth.
Analysis by Sector
Innovative Medicine unit is showing a growth trend, driven by existing products like Darzalex, Tremfya and Erleada and continued uptake of new launches, including Spravato, Carvykti and Tecvayli. High-cost environment, labor woes and uncertain economic scenario are likely to weigh on the bottom line. Jazz’s revenues continue to benefit from strong demand for newer drugs like Xywav, Epidiolex and Rylaze. Woodward’s top line is driven by strong end market demand across most of the verticals.
Dow, S&P 500 slide as Walmart shares sink
Value stocks have historically outperformed growth stocks when interest rates are high, but that trend reversed in 2024 as investors anticipate a Fed pivot to rate cuts in the second half of the year. The Vanguard Value ETF (VTV) has generated a total return of just 6.3% year-to-date, while the Vanguard Growth ETF (VUG) has generated a total return of 14.7%. In stock markets abroad, Japan’s Nikkei 225 slipped 0.2% after the Bank of Japan held steady on its own interest rates, as was widely expected. Japan also reported a trade surplus for February, with exports rising more than 11% as manufacturers rushed to beat rising tariffs imposed by Trump. The Indian stock market benchmark indices, Sensex and Nifty 50, are likely to extend gains on Thursday and open higher, tracking positive global market cues after the US Federal Reserve announced its monetary policy. The stock market’s constant reaction to policy uncertainty and tariffs has dominated the news over the past few weeks.
Investors can already earn 5% or higher in online savings accounts heading into June, and those interest rates will likely remain elevated for at least the next several months. The next couple of months could determine whether the FOMC can navigate a so-called soft landing for the U.S. economy without tipping it into a recession. In his speech, Powell said it is unlikely the Fed will need to raise interest rates further but the appropriate path forward will instead be to continue to hold interest rates at current levels for an extended period of time. The FOMC has maintained its target fed funds interest rate range at between 5.25% and 5.5% since July 2023, its highest target range since 2001.
India Gold Market Update: Investment Appetite Upheld
Once there are more options to sell (puts) than to best renewable energy stocks buy (calls) for numerous days, it’ll suggest panic. Once information is widely known, it’s already priced into the market and probably too late to react. How the Fed’s decision on interest rates affects savings products, various types of loans, and credit cards.
Below is a chart that shows stocks trading on the NYSE were in overbought territory in the final quarter of 2024. As we neared 2025, overbought peaks were making lower highs, indicating that buying pressure was drying up. However, March’s oversold trough remained higher than December’s oversold trough, suggesting there’s now less momentum on the downside, Meisler said.
He anticipates the FOMC will opt not to cut interest rates for most—if not all—of 2024 but says a delayed pivot to rate cuts may not derail the bull market rally. Investors, meanwhile, are keeping an eye on coming corporate earnings reports. Boeing shares slid more than 2% early Wednesday after the aerospace firm reported a loss of over $6 billion last quarter. Yields for shorter-term Treasurys also fell as traders built up expectations for the Fed to deliver as many as three cuts to rates by the end of this year.
- Wide range of dialysis products, solid international foothold and strategic acquisitions and collaborations are the major growth catalysts.
- Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
- “The recent breakout point of 22,800 will provide immediate support for the index followed by 22,700.
“Hence, I believe this is the right time for those who missed out on previous rallies to accumulate quality stocks. According to analysis, Nifty 50 can find support near 22,860 and 22,800 and face resistance near 23,040 and 23,170,” Ambala said. Wayne Duggan has a decade of experience covering breaking market news and providing analysis and commentary related to popular stocks. News & World Report and a regular contributor for Forbes Advisor and USA Today. “Markets are convinced that U.S. large cap companies will see many years (not just one) of improving earnings. Earnings for 2024 only have to come through slightly Crypto slang better than last year, and nothing occurs on the macro side (economic growth, geopolitics) to derail further earnings growth in 2025 and 2026,” Colas says.
On the losing side of Wall Street was General Mills, which fell 2.1% despite reporting a stronger profit for the latest quarter than analysts expected. There is ample precedent for the Fed mistiming its policy shifts, as it did during the pandemic when an earlier move to tighten rates might have helped head off rising inflation. The S&P 500 fell 12 points, or 0.2%, to close at 5,663, the Dow Jones Industrial Average ended largely flat and the Nasdaq Composite dropped 0.3%. US stocks bounced back sharply on Friday to cap a volatile week on Wall Street as the risk of a government shutdown eased while investors stayed on watch for the next move in an escalating trade war. My Portfolio – Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
Chris Zaccarelli, chief investment officer at Independent Advisor Alliance, says investors shouldn’t be too focused on the interest rate outlook that they lose sight of what truly matters—the economy. He says high interest rates are weighing on consumer durable goods spending and multifamily residential investment. Get the latest updates on pre-market movers, S&P 500, Nasdaq Composite and Dow Jones Industrial Average futures. The inclusion of a company in the Dow Jones Industrial Average does not depend on defined criteria. Instead, an independent Wall Street Journal commission decides whether a share is to be included or excluded. There are no fixed times for reviewing the composition of the index, since changes are only made by the commission as and when they are needed.
It’s up to investors to decide axitrader review what side of the market they’d rather be on. While stocks remain in oversold territory, they are beginning to recover as the oscillator approaches the zero or neutral mark. The bottom isn’t in yet since she doesn’t see panic, something she uses the International Securities Exchange put-call ratio to determine.
Nifty 50, Sensex today: What to expect from Indian stock market in trade on March 20 after US Fed policy
Major indexes slipped in early-morning trading, while Treasury yields moved up. The 10-year Treasury bond yield rose three basis points to 4.242%, its highest level in about three months. The cereal and snack maker’s revenue fell short of analysts’ targets, in part because of a slowdown in sales for snacks.
The shares included in it are weighted according to price; the index level represents the average of the shares included in it. Stagflation is thought to be even harder to deal with than a recession, as it prevents the Fed from lowering rates to boost the economy. Trump’s barrage of announcements on tariffs and other policies have created so much uncertainty that economists worry U.S. businesses and households may freeze and pull back on their spending. That uncertainty refers to the questions regarding how the Trump administration’s economic agenda on trade, immigration, fiscal policy and government regulation could affect the economy.
- On the upside, the psychological level of 50,000 will act as a key hurdle.
- My Portfolio – Track your Portfolio and find out where your stocks/mutual funds stack up with the Zacks Rank.
- In contrast, the lower chart for the S&P 500 shows the index continued to make a lower low, indicating a divergence as investors continued to shed off riskier, rich technology stocks.
- Wayne Duggan has a decade of experience covering breaking market news and providing analysis and commentary related to popular stocks.
The Fed’s announcement Wednesday came as investors confront an economy dealing with the uncertainty of tariff risks this year. Powell said in a press conference he expects inflation impacts from tariffs will likely be “transitory” while recession risks remain low. According to VLA Ambala, Co-Founder of Stock Market Today, market sentiment is becoming evident as oversold stocks with strong order books and solid financials rapidly recover. “A small positive candle was formed on the daily chart which indicates a breather type market movement after a stellar performance in the previous session. Though, Nifty 50 showed minor upmove on Wednesday, the overall market breadth was very strong with outperformance seen in broad market indices,” said Nagaraj Shetti, Senior Technical Research Analyst at HDFC Securities.
CNN and its affiliates may use your email address to provide updates, ads, and offers. Sign up for CNN Business’ newsletter for the top stories you need to know. MacDonald’s stock dropped 6% after the Centers for Disease Control and Prevention said an outbreak of E. Coli linked to the fast food chain’s quarter pounders led to one death and 10 hospitalizations. The yield on the 10-year Treasury dropped to 4.24% from 4.31% just before the Fed announced its decision.
Meanwhile, Bajaj Broking Research expects the Bank Nifty index to maintain positive bias and head towards 50,100 and 50,600 levels in the coming sessions. On Wednesday, the domestic equity market ended higher, with the benchmark Nifty 50 closing above 22,900 level. “I have an old trader friend who always says, sometimes you want to be on the outside looking in, rather than on the inside wishing you were out,” Meisler said. “And to me the market has that feeling to it right now. But if we got panic, I’d be bullish.”