Pre-open movers U.S. stock futures traded higher in early pre-market trade after the Nasdaq Composite dropped more than 80 points in the previous session. Data on wholesale inventories and U.S. international trade in goods for May will be released at 8:30 a.m. ET.
As of late Sunday, Russia has defaulted on foreign debt, which has not occurred since 1918 during the Bolshevik Revolution. What Happened: The Kremlin failed to make payments totaling $100 million in dollars and euros owed to bondholders, missing a 30-day grace period, according to a Monday Wall Street Journal report.
U.S. stocks traded lower this morning, with the Nasdaq Composite dropping over 100 points on Monday. The Dow traded down 0.27% to 31,415.99 while the NASDAQ fell 0.94% to 11,498.08. The S&P also fell, dropping, 0.45% to 3,894.05. Also check this: U.S. Durable Goods Orders And Other Macro Issues For Monday Leading and Lagging Sectors Energy shares jumped by 1.3% on Monday.
The United States and Taiwan will hold trade talks on Monday under a newly agreed-on framework. What Happened: The office of the U.S. Trade Representative said the Deputy Trade Representative Sarah Bianchi would meet Taiwan's top trade negotiator, John Deng, to discuss an initiative on 21st-century trade, Without providing more details, Reuters reported.
The SPDR S&P 500 ETF Trust bounced back from its recent weakness in a holiday-shortened trading week, with all major indexes trading higher. Federal Reserve Chair Jerome Powell completed his two-day semiannual economic testimony to Congress on Wednesday and Thursday.
Pre-open movers U.S. stock futures traded higher in early pre-market trade after the Dow Jones jumped around 200 points in the previous session. Data on new home sales for May and University of Michigan's consumer sentiment index for June will be released at 10:00 a.m. ET.
U.S. stocks traded higher this morning, with the Dow Jones gaining more than 200 points on Thursday. Following the market opening Thursday, the Dow traded up 0.67% to 30,686.05 while the NASDAQ rose 0.83% to 11,144.74. The S&P also rose, gaining, 0.74% to 3,787.77. Also check this: 3 Stocks Under $1 Insiders Are Buying Leading and Lagging Sectors Health care shares jumped by 1.6% on Thursday.
Russia on Wednesday said its trade with China, India, Brazil, and South Africa jumped over 38% in the first three months of the year, despite the "politically motivated sanctions" from the West. What Happened: Addressing the virtual BRICS Business Forum, Russian President Vladimir Putin said the trade volume from the BRICS nations totaled $45 billion during the aforesaid period.
China's tech stocks have been stuck in a rut since early 2021 and the selling in the space hasn't abated; investment bank JPMorgan sees an opportunity in these beaten-down stocks.
Pre-open movers U.S. stock futures traded mixed in early pre-market trade after the Dow Jones dropped around 50 points in the previous session. Fed chief Jerome Powell is scheduled to testify before the House Financial Services Committee at 10:00 a.m. ET.
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