Bargain Hunting May Contribute To Initial Rebound On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Monday, 22 April 2024 09:51:53 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market Bitcoin [Bitcoin]( DAX [DAX]( Dow Jones [Dow Jones]( Nasdaq [Nasdaq]( The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to move back to the upside following the sell-off seen last week. Bargain hunting may contribute to initial strength on Wall Street, as traders look to pick up stocks at reduced levels. The Nasdaq and the S&P 500 have closed lower for six consecutive session, following to their lowest levels in two months. However, other recount rebound attempts have fallen short, as buying interest fades amid ongoing concerns about the outlook for interest rates. Trades may also be reluctant to make significant moves ahead of the release of several key U.S. economic reports, including reports on new home sales, durable goods orders and personal income and spending. The Commerce Department's personal income and spending report includes readings on inflation said to be preferred by the Federal Reserve. Earnings season also starts to pick up steam this week, with Tesla (TSLA), Boeing (BA), IBM (IBM), Caterpillar (CAT), Honeywell (HON), Alphabet (GOOGL), Intel (INTC), Microsoft (MSFT), Chevron (CVX) and Exxon Mobil (XOM) among the companies due to report their quarterly results. With technology stocks under pressure, the Nasdaq showed a substantial move to the downside during trading on Friday, extending its recent losing streak. The S&P 500 also saw further downside, while the narrower Dow bucked the downtrend. The Nasdaq plunged 319.49 points or 2.1 percent to 15,282.01, closing lower for the sixth straight session and tumbling to its lowest closing level in well over two months. The S&P 500 also closed lower for the sixth straight day, slumping 43.89 points or 0.9 percent to a two-month closing low of 4,967.23. Meanwhile, the Dow added to the slim gain posted in the previous session, climbing 211.02 points or 0.6 percent to 37,986.40. For the week, the tech-heavy Nasda... [Read More]( --------------------------------------------------------------- Do you day trade? Trader Alerts streams stocks reaching new highs and lows as well as stocks breaking out of previous volume highs as they happen. It's a powerful tool for day trading ideas. [Learn More / Upgrade]( --------------------------------------------------------------- U.S. Economic Reports CADUSD [CADUSD]( Oil [Oil]( Gold [Gold]( EURUSD [EURUSD]( No major U.S. economic data is scheduled t... [Read More]( --------------------------------------------------------------- Europe European stocks have mostly higher on Monday as fears of a wider Middle East conflict ebb and a continued decline in oil prices helped ease concerns around inflation and the outlook for interest rates. Investors' risk appetitive received a boost after Iran and Israel completed ?measured? counterattacks that were calibrated to avoid any casualties. It is now becoming clear that both countries are not interested in an actual war, which could result in further escalation in the conflict. Beyond geopolitical tensions, investors looked ahead to the release of a slew of U.S. economic data and prominent tech earnings this week for directional cues. While the U.K.?s FTSE 100 Index has shot up by 1.6 percent,... [Read More]( --------------------------------------------------------------- [Sell every Stock except ONE]( Markets are down... But Jeff Clark couldn't care less because he ignores almost every stock in the market except ONE. He lives financially free trading this One Stock Once per month... [Ticker Revealed.]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks rebounded on Monday, while the dollar, oil and gold all pulled back from their recent highs as fears of a wider conflict in the Middle East ebbed. Investors gravitated back towards riskier assets after Iran played down Israel's reported retaliatory attacks on its soil. Meanwhile, a continued drop in oil prices on growth concerns and signs of rising inventory in the United States helped ease investor concerns surrounding inflation and interest rates. China's Shanghai Composite Index ended down 0.7 percent, at 3,044.60, giving up early gains as the People's Bank of China kept its 1-year and 5-year loan prime rates unchanged. Electric-vehicle makers declined as an escalating price war raised concerns over margins. Hong Kong's Hang Seng Index rallied 1.8 percent 16,511.69 after China's market regulator said it would facilitate Hong Kong listings by leading Chinese firms and expand the Stock Connect cross-border investment scheme. The China Securities Regulatory Commission said 'it is necessary to consolidate and enhance Hong Kong's status as an international ... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are falling $0.46 to $82.68 a barrel after climbing $0.41 to $83.14 a barrel last Friday. Meanwhile, after rising $15.80 to $2,413.80 an ounce in the previous session, gold futures are plummeting $54.80 to $2,359.20 an ou... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. 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