S&P futures down 0.2% Wednesday morning after a mixed session on Tuesday, where energy, chemicals, steel, banks, beverages, and China tech outperformed while medical devices, copper, asset managers, payments, hotels, airlines, cruise lines, autos, and dollar stores lagged. Asian markets were higher overnight, with Hong Kong surging over 2.5%, while European markets were up ~0.1%. […]
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S&P futures down 0.3% Tuesday morning after US equities ended higher Monday, led by energy, tech, and industrials, while financials and healthcare lagged. Asian markets were mixed, with Greater China retreating after a six-day rally, while South Korea outperformed. Japan was closed for a holiday. European markets were little changed. Treasuries weakened with curve steepening.
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S&P futures up 0.1% Tuesday morning, following a mixed start to the week where big tech and semis rallied but defensives and rate-sensitive sectors faced pressure. Treasuries slightly weaker, continuing Monday’s bear steepening. Dollar index down 0.2%, gold up 0.3%, Bitcoin futures off 1%, and WTI crude up 0.7%. Markets remain focused on NVDA’s CES
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L.A. County supervisors are looking to speed up the process of hiring and training resources for the many workers who will be impacted by the closure of the Phillips 66 refinery next year.
Weakness in the barrel price belies the near-term strength in Energy equities
Prospera Financial Services Inc increased its holdings in Phillips 66 by 6.8% during the third quarter, according to its latest filing with the Securities and Exchange Commission.
Over 400 employees from two recreational vehicle manufacturing plants in the Inland Empire will be laid off by the end of the year as Forest River Manufacturing moves its production elsewhere.
Over 400 employees at two RV manufacturing plants in the Inland Empire will be laid off by the end of the year as Forest River Manufacturing halts production at the facilities.
Over 400 employees from two recreational vehicle manufacturing plants in the Inland Empire will be laid off by Forest River Manufacturing by the end of the year.
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