Good Friday morning traders and investors of the r/stocks sub! Welcome to the final trading day of the week, month, quarter and H1. Here are your pre-market movers & news on this Friday, June the 30th, 2023-
Stock futures rise as S&P 500 closes out huge first half gain: Live updates
Stock futures rose as traders looked ahead to Friday’s May jobs report and cheered lawmakers passing a debt ceiling bill that averts a U.S. default.
U.S. equity futures rose Friday as Wall Street looked to cap off a banner start to 2023 and the best first half for the Nasdaq Composite since 1983.
Futures tied to the Dow Jones Industrial Average gained 105 points, or 0.3%. S&P 500 futures ticked higher by 0.4%, and Nasdaq 100 futures advanced 0.5%.
Apple shares rose nearly 1% before the bell to trade above a $3 trillion market cap. Elsewhere, Nike shares fell about 3% after the apparel giant reported a weaker-than-expected quarterly profit.
Friday is a pivotal day for investors, marking not just the end of the June, but also the conclusion of the second quarter and the first half. Here is where the indexes stand as of Thursday’s close:
- For June: The S&P 500 has gained 5.18% and is on pace for its best monthly performance since January. The Nasdaq has advanced 5.07%, and both it and the broad-market index are heading for a fourth consecutive positive month. The Dow has climbed 3.69%, and it’s on track for its best month since November. *****
- For the second quarter: The S&P 500 has risen 6.99% and is tracking for a third straight quarter of gains. The Nasdaq touts a gain of 11.2% for back-to-back positive quarters. The Dow has jumped 2.55%, but it’s also on pace for a third winning quarter. *****
- For year to date and the first half: The S&P 500 has popped 14.51%, and it’s heading for its best first half since 2018. The Nasdaq has surged nearly 30%, tracking for its best first half since 1983. The 30-stock Dow has a more modest gain of 2.94%. ***** The three major averages are also on pace for winning weeks, with the S&P 500 and Dow up more than 1% each, and the Nasdaq tracking for a 0.7% increase. ***** Investor attention is on May core PCE data, the Federal Reserve’s favored inflation gauge, due out at 8:30 a.m. ET on Friday. The core personal consumption expenditures price index is expected to show a 0.3% increase, according to economists polled by Dow Jones. On an annual basis, the gauge is expected to have increased 4.7% — the same rate at which it grew in the prior month. ***** Stephanie Lang, chief investment officer at Homrich Berg, said there’s a push and pull between a soft- landing scenario that’s driven by strong economic data and the Fed, which is positioning for a tougher tone going forward. ***** “Even though the economic data has been strong … the Fed has continued to surprise on the upside in terms of how far they could go with their tightening,” she said. “They’ve made it clear that inflation remains their top priority, and they can do that because the job market has remained so strong, but you know, their ultimate goal is to tighten enough that you see some economic weakness so there’s less inflationary pressure.”
STOCK FUTURES CURRENTLY:
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YESTERDAY'S MARKET MAP:
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TODAY'S MARKET MAP:
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YESTERDAY'S S&P SECTORS:
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TODAY'S S&P SECTORS:
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TODAY'S ECONOMIC CALENDAR:
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NEXT WEEK'S ECONOMIC CALENDAR:
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NEXT WEEK'S UPCOMING IPO'S:
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NEXT WEEK'S EARNINGS CALENDAR:
([CLICK HERE FOR NEXT WEEK'S EARNINGS CALENDAR!]())
(T.B.A. THIS WEEKEND.)
THIS MORNING'S PRE-MARKET EARNINGS CALENDAR:
($NKE $STZ $PRGS $ACCD $SGH $MILK)
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EARNINGS RELEASES BEFORE THE OPEN TODAY:
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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:
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YESTERDAY'S INSIDER TRADING FILINGS:
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TODAY'S DIVIDEND CALENDAR:
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(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #2!)
(CLICK HERE FOR TODAY'S DIVIDEND CALENDAR LINK #3!)
THIS MORNING'S STOCK NEWS MOVERS:
(source: [cnbc.com]())
(TO BE POSTED LATER THIS MORNING.) — (TO BE POSTED LATER THIS MORNING.).
STOCK SYMBOL: (TO BE POSTED LATER THIS MORNING.)
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DISCUSS!
What's on everyone's radar for today's trading day ahead here at r/stocks?
I hope you all have an excellent final trading day of this week, month, quarter and H1 ahead on this Friday, June 30th, 2023! :)
[link] [comments] https://www.reddit.com/r/stocks/comments/14my7gm/630_fridays_premarket_stock_movers_news/
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