A trader works connected the level of the New York Stock Exchange connected Aug. 4, 2022.
Source: NYSE
Stock futures were small changed successful overnight trading Monday aft a quiescent opening to a captious week with cardinal speeches from Federal Reserve officials and retail earnings.
Futures connected the Dow Jones Industrial Average were up conscionable 30 points. S&P 500 futures and Nasdaq 100 futures were besides trading adjacent the flatline.
Investors are awaiting clues from Fed Chair Jerome Powell arsenic to what volition hap astatine the cardinal bank's remaining argumentation meetings this year. Central slope officials from astir the globe volition convene this week successful Jackson Hole, Wyo. for the Fed's yearly economical symposium.
"We expect the Federal Reserve to usage Jackson Hole arsenic an accidental to hole the markets and awesome towards a 25 ground constituent chopped successful September and a perchance accommodating stance done year-end," said Richard Saperstein, main concern serviceman astatine Treasury Partners. "Since this volition be Powell's past Jackson Hole league arsenic Fed Chair, he'll apt reenforce the request for Fed independency from the Executive Branch."
The fed funds futures marketplace is indicating an 83% accidental for a quarter-point complaint chopped astatine the Fed's adjacent argumentation gathering successful September, according to CME's FedWatch tool.
Corporate net from big-box retailers this week could besides acceptable the code for sentiment and connection penetration into the wellness of the consumer. Home Depot is acceptable to study numbers Tuesday earlier the bell. Lowe's, Walmart and Target are connected platform for aboriginal this week.
The S&P 500 closed little than 1 constituent little Monday, sitting inches beneath a grounds precocious reached past week.
Meta Platforms sees largest summation successful abbreviated involvement of immoderate U.S. banal this year, S3 says
Meta Platforms, which dropped 2.3% connected Monday, has seen the largest summation successful abbreviated involvement of immoderate U.S. banal this year, according to S3 Partners, which specializes successful tracking the enactment of abbreviated sellers, who effort and nett from a diminution successful a company's banal price.
Meta's notional abbreviated involvement has soared 75%, oregon $11 billion, truthful acold successful 2025, S3 said successful a enactment Monday. The magnitude of Meta's shares sold abbreviated arsenic a percent of the full outstanding has jumped 38% successful caller weeks, and 35% truthful acold successful 2025, the researcher said.
The second-largest summation successful year-to-date notional abbreviated involvement was successful Palantir, which roseate $2.8 billion, S3 said.
"META's 30% YTD banal terms summation accounts for astir fractional of the emergence successful abbreviated involvement notional, with the remainder driven by caller shorts. Reasons for shorting META see Heavy AI and Metaverse spending, Trade/Tariff Risks, Growth Slowdown, Higher Valuation and Weakening Ad Market," S3 said.
— Scott Schnipper
Palo Alto Networks jumps 5% aft net beat
Shares of Palo Alto Networks jumped much than 5% successful extended trading aft the chipmaker's quarterly results topped Wall Street estimates and issued better-than-expected guidance for the archetypal 4th and afloat year.
The results travel weeks aft Palo Alto announced plans to bargain Israeli individuality information supplier CyberArk for $25 billion, its heftiest woody ever.
Palo Alto besides said its laminitis and Chief Technology Officer Nir Zuk is retiring.
— Yun Li
English (US) ·