Futures pointing to modestly positive start on Wall Street

[ADVFN]( [[Global Email] World Daily Markets Bulletin]( Thursday, 25 August 2022 09:38:33 [ADVFN Twitter]( [Monitor]( [Quote]( [Charts]( [News]( [Toplists]( [Boards]( [RESORT SEEKS Investors & Partners]( Invest in Our New Smokey Mountains Resort and Water Park, Pigeon Forge Tennessee. Be part owner starting at $500. SEC registered. No obligation for a talk with our team. [Click Here]( --------------------------------------------------------------- US Market Bitcoin [Bitcoin]( DAX [DAX]( Dow Jones [Dow Jones]( Nasdaq [Nasdaq]( The major U.S. index futures are currently pointing to a positive start on Thursday. Data on second-quarter GDP, personal consumption expenditure, and initial jobless claims for the week ended August 20th, the Business sentiment report and the Conference Board's reading of the coincidence index are set to determine market's trend. Investors will also be looking ahead to Fed Chair Jerome Powell's speech at the bank's economic symposium in Jackson Hole, Wyoming on Friday. Dollar Tree Inc. (DLTR) released a profit for its second quarter that increased from the same period last year and beat the Street estimates. The company's earnings totaled $359.9 million, or $1.60 per share. This compares with $282.4 million, or $1.23 per share, in last year's second quarter. Analysts on average had expected the company to earn $1.59 per share, according to figures compiled by Thomson Reuters. Nvidia's shares are down sharply in pre-market trades, after the company reported a 19 percent drop in revenue in the latest quarter. U.S. stocks saw a choppy ride on Wednesday but the Dow and the S&P 500 still managed to snap a three-day losing streak and close on a positive note. The mood was cautious as investors looked ahead to Fed Chair Jerome Powell's speech at the central bank's economic symposium at Jackson Hole, Wyoming on Friday, for clues about the bank's outlook for the economy and interest rates. The Dow ended with a gain of 59.64 points or 0.18 percent at 32,969.23. The S&P 500 settled at 4,140.77, gaining 12.04 points or 0.29 percent, while the Nasdaq advanced 50.23 points or 0.41 percent to 12,431.53. Data from the Commerce Department showed new orders for U.S. manufactured durable goods came in unchanged in July, as against expectations for a 0.6 percent increase. Durable goods orders increased by an upwardly revised 2.2 percent in June. Data from the National Association of Realtors showed pending home sales dropped by 19.89 percent in July, after falling by an upwardly revised 20.2 percent in June. --------------------------------------------------------------- [Markets are about to move. We can tell you why...]( We know the real themes driving the market. Get The Juice, our FREE daily newsletter that covers the most pressing stories you need to invest wisely. [Sign up today]( --------------------------------------------------------------- Asia USDCAD [USDCAD]( USDEUR [USDEUR]( USDGBP [USDGBP]( USDJPY [USDJPY]( Asian stocks advanced on Thursday as investors looked forward to Fed Chair Jerome Powell's speech on Friday at the central banking conference in Jackson Hole for further cues on the monetary policy outlook. Powell is widely expected to reiterate the central bank's hawkish stance, given the expectations that inflation in the U.S. will be persistent and it will take time to contain it. The markets in Shanghai, Hong Kong, Japan, Korea and Australia closed notably higher, while the New Zealand market ended marginally down. --------------------------------------------------------------- [Our Best Stock Pick Every Day]( Stop wasting time scouring for stock picks. Get daily crystal-clear RANKINGS from 1-10 and EXPERT ANALYSIS of the most popular stocks to rare finds directly to your inbox when you sign up for The Spill. [Sign up today]( --------------------------------------------------------------- Commodities West Texas Intermediate Crude oil futures for September are up $0.60 or 0.62 percent at $95.49 a barrel. Gold futures are gaining $13.20 or 0.75 percent at $1,774.70 an ounce. On the currency front, the dollar is trading at 0.9966 against the Euro. Against the Japanese currency, the dollar is weak, fetching 136.53 yen a unit, compared with 137.13 yen on Wednesday. --------------------------------------------------------------- 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