Lingering Economic Concerns May Lead To Pullback On Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Friday, 09 August 2024 09:26:10 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( US Market The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to give back ground after moving sharply higher in the previous session. Traders may look to cash in on yesterday?s rally, which saw the S&P 500 post its biggest percentage gain since November 2022. Lingering concerns about the outlook for the U.S. economy may also weigh on Wall Street even after yesterday?s report showing a bigger than expected pullback by weekly jobless claims. Overall trading activity may be somewhat subdued, however, with a lack of major U.S. economic data likely to keep some traders on the sidelines. Traders may also be reluctant to make significant moves ahead of the release of key economic data next week, including closely watched readings on inflation as well as reports on retail sales and industrial production. Among individual stocks, shares of Expedia (EXPE) are moving sharply higher in pre-market trading after the travel technology company reported better than expected second quarter results. Cloud computing company Akamai Techn... [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 No major U.S. economi... [Read More]( --------------------------------------------------------------- Europe European stocks have climbed on Friday after the number of Americans filing new applications for unemployment benefits fell more than expected last week, calming fears the U.S. economy is heading for a recession. The U.K.?s FTSE 100 Index is up by 0.3 percent and the French CAC 40 Index is up by 0.2 percent, although the German DAX Index is nearly unchanged. The dol... [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 Asian stocks ended a turbulent week on a positive note Friday as encouraging U.S. labor market data brought some relief to investors worried about a slowing economy. In addition, a measure of China's consumer price inflation surged to a five-month high, providing much-need positive news on the world's second-largest economy. The dollar hovered close to a one-week high against major rivals in Asian trading, while gold edged down slightly as traders pared bets on big rate cuts by the Federal Reserve. Oil steadied after a three-day gain and was poised for a weekly gain as trader... [Read More]( --------------------------------------------------------------- Commodities Crude oil futures are rising $0.34 to $76.53 a barrel after jumping $0.96 to $76.19 a barrel on Thursday. Meanwhile, af... [Read More]( --------------------------------------------------------------- To unsubscribe from this news bulletin or edit your mailing list settings click [here](. Registered Office/Accounts Dept: Suite 27, Essex Technology Centre, The Gable, Fyfield Road, Ongar, CM5 0GA. Customer Support +1 888-992-3836. Company registered in England and Wales: Number 2374988 VAT No. GB 549 2130 49