Good morning traders and investors of the r/stocks sub! Welcome to the new trading day and a fresh start! Here are your pre-market stock movers & news on this Wednesday, July the 5th, 2023-
Stock futures fall as investors await Fed meeting minutes: Live updates
U.S. stock futures fell Wednesday as Wall Street resumed a holiday-shortened week and awaited Federal Reserve meeting minutes coming in the afternoon.
Dow Jones Industrial Average futures fell by 160 points, or 0.5%. S&P 500 and Nasdaq-100 futures dipped 0.4% and 0.5%, respectively.
Markets were closed Tuesday for the Fourth of July holiday. They closed early Monday.
Minutes from the June 13-14 Fed meeting due Wednesday afternoon could provide more details on where monetary policy is heading. While the decision to hold interest rates steady was not a surprise, indications that members see at least two more hikes before the end of the year did catch the market off guard. Since then, policymakers have provided further indications that they see more work ahead before inflation is brought back down to an acceptable level.
Traders are also watching for May factory orders data out Wednesday after the market open. Economists polled by Dow Jones are anticipating a rise of 0.6%, which would be greater than the 0.4% increase the previous month.
New York Fed President John Williams is expected to speak at 4 p.m. ET at the 2023 Annual Meeting of the Central Bank Research Association in New York City.
Investors are coming off a positive session Monday, which kicked off the start of a new month, quarter and half-year for traders. Stocks rose slightly during the shortened trading day, with the Dow Jones Industrial Average adding 10.87 points, or 0.03%. The S&P 500 rose 0.12%, while the Nasdaq Composite closed 0.21% higher.
Those gains built on a strong start to the year. Last week, the Nasdaq closed out its best first half of the year since 1983, while the S&P 500 notched its best first-half advance since 2019, as a surge in interest in artificial intelligence buoyed investor optimism in stocks. The Dow Jones Industrial Average was the laggard, rising just 3.8%.
“We’ve been bullish. We still think there’s a rally,” Carson Group’s Ryan Detrick told CNBC’s “Closing Bell” on Monday, adding, “Maybe we’re due for a pullback sometime August, September, October — perfectly normal — but we’d be a buyer of any weakness.”
STOCK FUTURES CURRENTLY:
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YESTERDAY'S MARKET MAP:
(CLICK HERE FOR YESTERDAY'S MARKET MAP!)
TODAY'S MARKET MAP:
(CLICK HERE FOR TODAY'S MARKET MAP!)
YESTERDAY'S S&P SECTORS:
(CLICK HERE FOR YESTERDAY'S S&P SECTORS CHART!)
TODAY'S S&P SECTORS:
(CLICK HERE FOR TODAY'S S&P SECTORS CHART!)
TODAY'S ECONOMIC CALENDAR:
(CLICK HERE FOR TODAY'S ECONOMIC CALENDAR!)
THIS WEEK'S ECONOMIC CALENDAR:
(CLICK HERE FOR THIS WEEK'S ECONOMIC CALENDAR!)
THIS WEEK'S UPCOMING IPO'S:
(CLICK HERE FOR THIS WEEK'S UPCOMING IPO'S!)
THIS WEEK'S EARNINGS CALENDAR:
($LEVI $SLP $KRUS $IPA (and $AZZ after the close on Friday))
(CLICK HERE FOR THIS WEEK'S EARNINGS CALENDAR!)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
(NONE)
([CLICK HERE FOR THIS MORNING'S EARNINGS CALENDAR!]())
EARNINGS RELEASES BEFORE THE OPEN TODAY:
([CLICK HERE FOR THIS MORNING'S EARNINGS RELEASES!]())
(NONE.)
THIS AFTERNOON'S AFTER-HOURS EARNINGS CALENDAR:
([CLICK HERE FOR THIS AFTERNOON'S EARNINGS CALENDAR!]())
(NONE.)
EARNINGS RELEASES AFTER THE CLOSE TODAY:
([CLICK HERE FOR THIS AFTERNOON'S EARNINGS RELEASES!]())
(NONE.)
YESTERDAY'S ANALYST UPGRADES/DOWNGRADES:
(CLICK HERE FOR FRIDAY'S ANALYST UPGRADES/DOWNGRADES LINK #1!)
(CLICK HERE FOR FRIDAY'S ANALYST UPGRADES/DOWNGRADES LINK #2!)
YESTERDAY'S INSIDER TRADING FILINGS:
(CLICK HERE FOR YESTERDAY'S INSIDER TRADING FILINGS!)
TODAY'S DIVIDEND CALENDAR:
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #1!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)
THIS MORNING'S STOCK NEWS MOVERS:
(source: [cnbc.com]())
(TO BE POSTED LATER THIS MORNING.)
(TO BE POSTED LATER THIS MORNING.) — (TO BE POSTED LATER THIS MORNING.).
STOCK SYMBOL: (TO BE POSTED LATER THIS MORNING.)
(CLICK HERE FOR LIVE STOCK QUOTE!)
FULL DISCLOSURE:
/u/bigbear0083 has no positions in any stocks mentioned. Reddit, moderators, and the author do not advise making investment decisions based on discussion in these posts. Analysis is not subject to validation and users take action at their own risk.
DISCUSS!
What's on everyone's radar for today's trading day ahead here at r/stocks?
I hope you all have an excellent trading day ahead today on this Wednesday, July 5th, 2023! :)
[link] [comments] https://www.reddit.com/r/stocks/comments/14r8aq7/75_wednesdays_premarket_stock_movers_news/
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