22:12
+21 C°
Traffic jam:   3
$
51.1580
53.8580

U.S. stock futures gain

13 January 2022
2699
2 min.
20
U.S. stock futures gain

Stock futures rise

US stock index futures rose on Thursday after weaker-than-expected producer price data eased fears of a faster interest rate hike by the Federal Reserve while Delta Air Lines led gains among carriers on strong earnings.

The producer price index rose 0.2% last month, below the expected 0.4%, after rising 0.8% in November, the Labor Department said on Thursday. The PPI rose 9.7% in the 12 months to December, below the 9.8% forecast by economists polled by Reuters after rising 9.6% in November.

"They're high, and the numbers are certainly not good, but they were expected," said Joe Saluzzi, co-manager of Themis Trading in Chatham, New Jersey.

The figures further boosted stock index futures after Wall Street showed a slight increase on Wednesday, when consumer price data largely met market expectations, despite hitting a 40-year high.

Delta Air Lines added 2.4% in pre-market trading after beating fourth-quarter profit estimates and said it had recovered almost 80% of its earnings before the 2019 pandemic.

Shares of American Airlines and United Airlines rose 1.5% each.

According to Vanda Research's weekly retail flows report, banks have been among the best performers since the start of the new year, with retail investors also increasing their investment in bank stocks ahead of earnings announcements.

Also in the spotlight is Fed chief Lael Brainard, who will appear at a congressional hearing later in the day for her nomination as vice-chairman.

The Dow e- mini 1YMcv1 rose 111 points (0.31%), the S&P 500 e-minis EScv1 rose 11.25 points (0.24%) and the Nasdaq 100 e- mini NQcv1 rose 58.75 points (0.37%).

However, Wells Fargo follows Goldman Sachs, JPMorgan and Deutsche Bank in forecasting aggressive tightening of US monetary policy in the coming months and predicts that the Fed will raise interest rates four times this year.

US technology companies Nvidia, Analog Devices, Texas Instruments as well as Advanced Micro Devices (AMD) rose 1 per cent after Taiwan-based chip giant TSMC said it expects strong growth in coming years due to the semiconductor boom. demand.

Persons2 and Companies18 in the news

Memer of the Federal Reserve Board
1 place
Co-founder of Themis Trading
2 place
Themis Trading
3 place
Delta Air Lines
5 place
Deutsche Bank
7 place
NVIDIA
8 place
Nasdaq
10 place
Dow Jones
11 place
Reuters
13 place
United Airlines
14 place
Wells Fargo
16 place
Goldman Sachs
17 place
JPMorgan Chase
18 place
Section:
Source foto:
flickr.com

Discussion

Rating companies
Nasdaq
192 Mention
Dow Jones
137 Mention
Apple
69 Mention
Tesla
60 Mention
Amazon
54 Mention
Facebook
53 Mention
Twitter
41 Mention

NEW YORK NEWS

News from GlobalNY.biz is the freshest and most relevant information about high-profile events in the region. The task of the resource's news feed is to convey to readers with maximum accuracy and objectivity information about important events in business, politics, economy, healthcare, culture and other spheres of life in New York.
GlobalNY.biz news is a coverage of economic processes taking place in New York, the latest news of public life, incidents and an overview of political events. New York news is information about the activities of small and medium-sized businesses, the work of housing and communal services and utilities, the implementation of significant projects.
The site's journalists describe not only the life of the region, but also talk about the current state of the US economy. Everything you need to know about innovations in the field of industry and agriculture, economy and power is collected in the "News" section at GlobalNY.biz.
New York news quickly informs the reader, shows the real picture and opens up hot topics. Communication with government structures and business enables us to provide our readers with reliable, information-rich material. The main page of the portal contains the key news of New York!
Alena Potapova

Development Director
Population
7961359858
Died this year
29440116
Born this year
72427896