S&P 500 (SPX) Index News

Bank earnings season kicks off on Tuesday

S&P 500 futures are up in premarket trading as traders prepare themselves for the first busy week of the second-quarter earnings season.

Analog Devices Inc said it is in advance talks to buy Maxim Integrated for over $17 billion, reported the Wall Street Journal, citing people familiar with the matter.

It’s a particularly busy week ahead. A hectic economic calendar and U.S corporate earnings are in focus, with COVID-19 and geopolitics to also play a part.

Positive economic data and news of progress towards a successful COVID-19 treatment drug largely overshadowed spikes COVID-19 cases.

PPI unexpectedly falls

S&P 500 futures are losing ground in premarket trading as traders worry about the worsening situation on the coronavirus front.

“We believe Healthcare could be a ‘silver bullet’ for Walmart over the long-term. As the lines between Retail, Healthcare and Tech blur, Walmart’s growing suite of initiatives make it a sleeping giant to watch,” according to Morgan Stanley.

Jobless claims rise less than expected

The blinkers are on and the markets are racing to hit fresh record highs. All of this in spite of some plenty of doom and gloom…

S&P 500 futures are gaining ground in premarket trading as continuing jobless claims declined to 18.1 million.

Stocks turned lower shortly before 16:00 GMT after a senior Fed official said the central bank may slow the pace of its corporate bond purchases.

Ford Motor Co said that its vehicle sales in mainland China rebounded in the June quarter, growing 3% from the same period last year, largely driven by strong demand following the lifting of COVID-19 pandemic restrictions.

A quiet week on the economic calendar has given the markets an opportunity to reflect and look ahead. All of this as Brexit talks resume.

United could layoff half its workforce

S&P 500 futures lack direction in premarket trading as traders evaluate their next moves.

COVID-19 numbers have yet to shock the markets a 2nd time around. A spike in new cases across the U.S may begin to feed into the stats, however.

Allstate Corporation has announced the acquisition of National General Holdings Corp for approximately $4 billion in cash, or $34.50 per share.

S&P 500 futures are losing ground in the premarket trading session as traders focus on virus data in absence of important economic reports.

Alphabet’s Google and Deutsche Bank have announced to form a strategic partnership to provide the German lender access to cloud services and create innovation in technology-based financial products for clients.