• September 11, 2024

Stock Futures Dropping Ahead of CPI Inflation Report as Markets Digest Trump-Harris Debate

U.S. stock futures were pointing to losses at the open as traders await the release of inflation data and digest the debate between presidential candidates Kamala Harris and Donald Trump. The main event for markets will be the release of the consumer price index. “Markets seem to have awarded Harris a victory on points… In FX [foreign exchange], a Trump win is associated with a stronger dollar, which is trading on the soft side across the board,” wrote ING analyst Francesco Pesole in a research note.

  • September 11, 2024

US 30-Year Mortgage Rate Slides to Lowest Since February 2023

(Bloomberg) -- US mortgage rates slid last week to the lowest level since February 2023, emboldening homebuyers and spurring a pickup in refinancing applications in welcome news for the real estate market.Most Read from BloombergHow Americans Voted Their Way Into a Housing CrisisAfter a Record Hot Summer, Pressure Grows for A/C MandatesChicago Halts Hiring as Deficit Tops $1 Billion Through 2025For Tenants, AI-Powered Screening Can Be a New Barrier to HousingUC Berkeley Gives Transfer Students a

  • September 9, 2024

Stock Futures Jump Higher With Focus on Election Debate, Inflation Data

U.S. stock futures were surging in premarket trading with markets on course to open in positive territory Monday as traders appeared set to go bargain hunting after the previous week was the S&P 500’s worst since 2023. Inflation data and political debate will be high on the agenda. Dow Jones Industrial Average futures were up 233 points, or 0.6%.