U.S. stock futures are surging higher this morning. Wall Street bulls are taking charge again after the U.S. and China called a trade truce that could lower America’s Chinese trade deficit.
Over the weekend, Treasury Secretary Steven Mnuchin said that the Donald Trump administration would delay tariffs on Chinese goods and “put the trade war on hold” as the two countries....More>>>
By Jeffrey P. Snider
Just a little over a year ago, the Institute for Supply Management (ISM) released its purchasing manager index for the services sector for August 2015. Though the level was down slightly from July, coming amidst the immediate aftermath of the “shocking” financial quakes starting in China and spreading to markets all over the world, the 59.0 non-manufacturing....More>>>
At an Aug. 9, 2017, conference, Lam Research (LRCX) management said: “I would say 2017 has been a year of unforecast opportunity.” Could 2017, then, be a year of unforecast risk for LRCX? I believe so.
LRCX released their FY17 10-K on Aug. 15th. Going through it, I noticed a curious new disclosure. It wasn’t there in the latest 10-Q and it wasn’t there in the last....More>>>
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Some calm returns to markets as Italy crisis rumbles on, Trump ups pressure on China, and shale has a problem. Here are some of the things people in markets are talking about today.
European markets are not seeing a repeat of yesterday’s huge selloff in Italian debt, with the country’s....More>>>
Following the market opening Thursday, the Dow traded up 0.01 percent to 24,771.99 while the NASDAQ climbed 0.04 percent to 7,401.02. The S&P also rose, gaining 0.08 percent to 2,724.60.
Leading and Lagging Sectors
Thursday morning, the energy shares rose 0.76 percent. Meanwhile, top gainers in the sector included Seadrill Limited (NYSE: SDRL), up 59 percent, and EP Energy....More>>>