Dow futures soar higher by 700 points after a record retail sales jump
PUBLISHED MON, JUN 15 20206:06 PM EDTUPDATED MOMENTS AGO
Fred Imbert
@FOIMBERT
Thomas Franck
@TOMWFRANCK
Eustance Huang
@EUSTANCEHUANG
WATCH NOW
VIDEO05:39
Wild swings will drag stocks lower, hedge fund manager Mark Yusko warns
Futures contracts tied to the major U.S. stock indexes rose sharply early Tuesday, pointing to further gains after a big comeback in the previous session.
Dow Jones Industrial Average futures rallied 642 points, or 2.5%. S&P 500 and Nasdaq-100 futures were both higher by more than 1.6% as well.
Citing people familiar with the plan, Bloomberg News reported the Trump administration is drawing up a $1 trillion infrastructure proposal. The report said a preliminary version being prepared would set aside the majority of the money for traditional infrastructure projects such as roads and bridges, though funds would also be reserved for 5G wireless infrastructure and rural broadband.
Shares of companies that would benefit from the economy reopening led the premarket gains. United, Delta and American Airlines all rose at least 6.8%. Norwegian Cruise Line, Carnival and Royal Caribbean jumped more than 8% each. MGM Resorts, Kohl’s and Simon Property advanced 7.5%, 6% and 6.7%, respectively.
Futures briefly pared those gains following reports that North Korea blew up an inter-Korean liaison office in a border town.
“We confirm that (North Korea) demolished the inter-Korean liaison office in Gaesong Industrial Complex by bombing at 14:49 KST,” South Korea’s Unification Ministry said in a text briefing to NBC News.
The moves early Tuesday followed a striking rebound in U.S. equity markets a day earlier.
The Dow Jones Industrial Average closed 157.62 points higher on Monday after the blue-chip index fell more than 760 points earlier in the session. The S&P 500 gained 0.8% while the Nasdaq Composite advanced 1.4%. The S&P 500 and Nasdaq had fallen as much as 2.5% and 1.9%, respectively, before erasing those losses.
Traders pointed to an announcement from the Federal Reserve during Monday’s session for an abrupt move higher around 1:50 p.m. ET.
The central bank said it would buy individual corporate bonds and signaled a broader approach to corporate bond buying that had remained a matter of speculation until Monday afternoon. The Fed indicated earlier in the spring that it would buy bonds on the primary market, but Monday’s announcement expanded its operations into the secondary market.
All told, the Fed’s mid-June announcement represented yet another step by the Fed to backstop the financial markets and reassure investors that it will continue to support credit markets during the coronavirus.
“What appears to be new is the individual buying in the secondary market and what looks like, at least from the announcement, the potential for a wider variety of purchases,” Evercore ISI strategist Dennis DeBusschere wrote in an email.
“The reason credit spreads are tight is because investors believe that they would follow through on the program,” DeBusschere added. “If they didn’t follow through, credit spreads would move significantly wider and the Fed would have to purchase even more debt to shore up credibility.”
The central bank’s announcement on Monday came less than one day before investors and politicians hear from Fed Chairman Jerome Powell. The Fed leader is set to speak before Congress on Tuesday and Wednesday in his semi-annual economic testimony with his appearance before the Senate coming first.
Wall Street will also pore over the latest retail sales figures — a key look at consumer spending activity — as well as industrial production and business inventories data on Tuesday.
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Martes 16/06/20 Producción Industriaso
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Re: Martes 16/06/20 Producción Industriaso
por admin » Mar Jun 16, 2020 7:35 am
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Re: Martes 16/06/20 Producción Industriaso
por admin » Mar Jun 16, 2020 9:10 am
Homebuilder sentiment posts biggest monthly surge ever, a sign housing is rebounding from coronavirus
PUBLISHED TUE, JUN 16 202010:00 AM EDT
Diana Olick
@IN/DIANAOLICK
@DIANAOLICKCNBC
@DIANAOLICK
Builder sentiment jumped a striking 21 points in June to 58, the largest one-month increase ever, on the National Association of Home Builders/Wells Fargo Housing Market Index.
Any reading above 50 indicates a positive market. Last April, it plunged a record 42 points to 30.
Of the index’s three components, current sales conditions jumped 21 points to 63. Sales expectations in the next six months rose 22 points to 68. Buyer traffic more than doubled from May to June, from 22 to 43.
Construction workers install frames for windows and doors in a home being built in Bloomfield Hills, Michigan, U.S., on Thursday, May 7, 2020.
Construction workers install frames for windows and doors in a home being built in Bloomfield Hills, Michigan, on Thursday, May 7, 2020.
Emily Elconin | Bloomberg via Getty Images
A faster-than-expected turnaround in homebuyer demand, following a sharp drop-off at the start of the coronavirus pandemic, has the nation’s homebuilders bullish on their business again.
Builder sentiment jumped a striking 21 points in June to 58, the largest one-month increase ever, on the National Association of Home Builders/Wells Fargo Housing Market Index. Any reading above 50 indicates a positive market. In April, it plunged a record 42 points to 30.
“As the nation reopens, housing is well-positioned to lead the economy forward,” said NAHB Chairman Dean Mon, a home builder and developer from Shrewsbury, N.J. “Inventory is tight, mortgage applications are increasing, interest rates are low and confidence is rising.”
Meanwhile, mortgage applications to purchase a newly built home jumped 10.9% annually in May, according to the Mortgage Bankers Association.
Of the homebuilder index’s three components, current sales conditions jumped 21 points to 63. Sales expectations in the next six months rose 22 points to 68. Buyer traffic more than doubled from May to June, from 22 to 43. This last component was surprising, given how many builders reported more online inquiries and virtual tours during the pandemic.
This report comes on the heels of a better-than-expected quarterly earnings report from one of the nation’s largest public homebuilders, Lennar. Chairman Stuart Miller said the company had stopped its new home starts and stopped purchasing land in March, only to have to reverse course unexpectedly.
“So we know that as we get to the fourth quarter we’re going to be a little short on our closings, but nonetheless, we rebooted pretty quickly as the market started showing signs of recovery in housing,” he said. “I think there will be a little bit of a pause in our numbers, but it will come back very quickly.”
Miller also indicated that the stories of urban flight are real, as people are rethinking the way they want to live in an age of lockdowns and work-from-home orders. That trend appears to be playing out among all the builders.
“Builders report increasing demand for families seeking single-family homes in inner and outer suburbs that feature lower density neighborhoods,” said NAHB Chief Economist Robert Dietz. “At the same time, elevated unemployment and the risk of new, local virus outbreaks remain a risk to the housing market.”
Regionally, builder sentiment in the Northeast surged 31 points to 48, and 20 points to 62 in the South. In the Midwest it rose 19 points to 51, and in the West it rose 22 points to 66.
PUBLISHED TUE, JUN 16 202010:00 AM EDT
Diana Olick
@IN/DIANAOLICK
@DIANAOLICKCNBC
@DIANAOLICK
Builder sentiment jumped a striking 21 points in June to 58, the largest one-month increase ever, on the National Association of Home Builders/Wells Fargo Housing Market Index.
Any reading above 50 indicates a positive market. Last April, it plunged a record 42 points to 30.
Of the index’s three components, current sales conditions jumped 21 points to 63. Sales expectations in the next six months rose 22 points to 68. Buyer traffic more than doubled from May to June, from 22 to 43.
Construction workers install frames for windows and doors in a home being built in Bloomfield Hills, Michigan, U.S., on Thursday, May 7, 2020.
Construction workers install frames for windows and doors in a home being built in Bloomfield Hills, Michigan, on Thursday, May 7, 2020.
Emily Elconin | Bloomberg via Getty Images
A faster-than-expected turnaround in homebuyer demand, following a sharp drop-off at the start of the coronavirus pandemic, has the nation’s homebuilders bullish on their business again.
Builder sentiment jumped a striking 21 points in June to 58, the largest one-month increase ever, on the National Association of Home Builders/Wells Fargo Housing Market Index. Any reading above 50 indicates a positive market. In April, it plunged a record 42 points to 30.
“As the nation reopens, housing is well-positioned to lead the economy forward,” said NAHB Chairman Dean Mon, a home builder and developer from Shrewsbury, N.J. “Inventory is tight, mortgage applications are increasing, interest rates are low and confidence is rising.”
Meanwhile, mortgage applications to purchase a newly built home jumped 10.9% annually in May, according to the Mortgage Bankers Association.
Of the homebuilder index’s three components, current sales conditions jumped 21 points to 63. Sales expectations in the next six months rose 22 points to 68. Buyer traffic more than doubled from May to June, from 22 to 43. This last component was surprising, given how many builders reported more online inquiries and virtual tours during the pandemic.
This report comes on the heels of a better-than-expected quarterly earnings report from one of the nation’s largest public homebuilders, Lennar. Chairman Stuart Miller said the company had stopped its new home starts and stopped purchasing land in March, only to have to reverse course unexpectedly.
“So we know that as we get to the fourth quarter we’re going to be a little short on our closings, but nonetheless, we rebooted pretty quickly as the market started showing signs of recovery in housing,” he said. “I think there will be a little bit of a pause in our numbers, but it will come back very quickly.”
Miller also indicated that the stories of urban flight are real, as people are rethinking the way they want to live in an age of lockdowns and work-from-home orders. That trend appears to be playing out among all the builders.
“Builders report increasing demand for families seeking single-family homes in inner and outer suburbs that feature lower density neighborhoods,” said NAHB Chief Economist Robert Dietz. “At the same time, elevated unemployment and the risk of new, local virus outbreaks remain a risk to the housing market.”
Regionally, builder sentiment in the Northeast surged 31 points to 48, and 20 points to 62 in the South. In the Midwest it rose 19 points to 51, and in the West it rose 22 points to 66.
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Re: Martes 16/06/20 Producción Industriaso
por admin » Mar Jun 16, 2020 9:11 am
Dow rallies 600 points after record retail sales jump, positive news on potential virus treatment
PUBLISHED MON, JUN 15 20206:06 PM EDTUPDATED 14 MIN AGO
Fred Imbert
@FOIMBERT
Thomas Franck
@TOMWFRANCK
Eustance Huang
@EUSTANCEHUANG
WATCH NOW
VIDEO05:39
Wild swings will drag stocks lower, hedge fund manager Mark Yusko warns
Stocks surged on Tuesday as a record jump in retail sales — coupled with positive trial results from a potential coronavirus treatment and hopes of more stimulus — sent market sentiment soaring.
The Dow Jones Industrial Average traded 679 points higher, or 2.6%. The S&P 500 gained 2.5% while the Nasdaq Composite climbed 2.3%.
The U.S. government reported a record 17.7% increase in retail sales for May. Economists polled by Dow Jones expected a gain of 7.7%. President Donald Trump touted the strong data, adding it “looks like a BIG DAY FOR THE STOCK MARKET, AND JOBS!”
Donald J. Trump
✔
@realDonaldTrump
Wow! May retail sales show biggest one-month increase of ALL TIME, up 17.7%. Far bigger than projected. Looks like a BIG DAY FOR THE STOCK MARKET, AND JOBS!
75.8K
8:39 AM - Jun 16, 2020
Twitter Ads info and privacy
29.5K people are talking about this
Meanwhile, multiple reports said dexamethasone — a widely available drug — can help critically ill cornavirus patients. The treatment reportedly reduced Covid-19 deaths in hospitalized patients by up to one third.
“A potential Covid steroid treatment in the UK combined with record retail sales and news of additional stimulus has been met with unbridled optimism,” said Mike Loewengart, a managing director at E-Trade. “We’ve been used to seeing record lows in economic fundamentals over the past few months and to see the pendulum swing so far in the other direction is nothing if not encouraging.”
Shares of companies that would benefit from the economy reopening led the gains. United, Delta and American Airlines all rose at least 6.5%. Norwegian Cruise Line, Carnival and Royal Caribbean jumped more than 7% each. MGM Resorts, Kohl’s and Simon Property advanced 5.6%, 11.4% and 7.2%, respectively.
Sentiment was also lifted after Bloomberg News reported, citing people familiar with the plan, the Trump administration is drawing up a $1 trillion infrastructure proposal. The report said a preliminary version being prepared would set aside the majority of the money for traditional infrastructure projects such as roads and bridges, though funds would also be reserved for 5G wireless infrastructure and rural broadband.
The moves early Tuesday followed a striking rebound in U.S. equity markets a day earlier.
The Dow Jones Industrial Average closed 157.62 points higher on Monday after the blue-chip index fell more than 760 points earlier in the session. The S&P 500 gained 0.8% while the Nasdaq Composite advanced 1.4%. The S&P 500 and Nasdaq had fallen as much as 2.5% and 1.9%, respectively, before erasing those losses.
“The [S&P 500] followed last week’s sizable drawdown with a daily positive reversal for the ages yesterday,” said Frank Cappelleri, executive director at Instinet. “If there was ever an example of unadulterated dip buying, we saw it yesterday.”
Cappelleri noted the June trading action thus far reminds him of last month, when a small topping pattern started to form, but ended up being a “bear trap.”
Traders pointed to an announcement from the Federal Reserve during Monday’s session for an abrupt move higher.
The central bank said it would buy individual corporate bonds and signaled a broader approach to corporate bond buying that had remained a matter of speculation until Monday afternoon. The Fed indicated earlier in the spring that it would buy bonds on the primary market, but Monday’s announcement expanded its operations into the secondary market.
Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.
PUBLISHED MON, JUN 15 20206:06 PM EDTUPDATED 14 MIN AGO
Fred Imbert
@FOIMBERT
Thomas Franck
@TOMWFRANCK
Eustance Huang
@EUSTANCEHUANG
WATCH NOW
VIDEO05:39
Wild swings will drag stocks lower, hedge fund manager Mark Yusko warns
Stocks surged on Tuesday as a record jump in retail sales — coupled with positive trial results from a potential coronavirus treatment and hopes of more stimulus — sent market sentiment soaring.
The Dow Jones Industrial Average traded 679 points higher, or 2.6%. The S&P 500 gained 2.5% while the Nasdaq Composite climbed 2.3%.
The U.S. government reported a record 17.7% increase in retail sales for May. Economists polled by Dow Jones expected a gain of 7.7%. President Donald Trump touted the strong data, adding it “looks like a BIG DAY FOR THE STOCK MARKET, AND JOBS!”
Donald J. Trump
✔
@realDonaldTrump
Wow! May retail sales show biggest one-month increase of ALL TIME, up 17.7%. Far bigger than projected. Looks like a BIG DAY FOR THE STOCK MARKET, AND JOBS!
75.8K
8:39 AM - Jun 16, 2020
Twitter Ads info and privacy
29.5K people are talking about this
Meanwhile, multiple reports said dexamethasone — a widely available drug — can help critically ill cornavirus patients. The treatment reportedly reduced Covid-19 deaths in hospitalized patients by up to one third.
“A potential Covid steroid treatment in the UK combined with record retail sales and news of additional stimulus has been met with unbridled optimism,” said Mike Loewengart, a managing director at E-Trade. “We’ve been used to seeing record lows in economic fundamentals over the past few months and to see the pendulum swing so far in the other direction is nothing if not encouraging.”
Shares of companies that would benefit from the economy reopening led the gains. United, Delta and American Airlines all rose at least 6.5%. Norwegian Cruise Line, Carnival and Royal Caribbean jumped more than 7% each. MGM Resorts, Kohl’s and Simon Property advanced 5.6%, 11.4% and 7.2%, respectively.
Sentiment was also lifted after Bloomberg News reported, citing people familiar with the plan, the Trump administration is drawing up a $1 trillion infrastructure proposal. The report said a preliminary version being prepared would set aside the majority of the money for traditional infrastructure projects such as roads and bridges, though funds would also be reserved for 5G wireless infrastructure and rural broadband.
The moves early Tuesday followed a striking rebound in U.S. equity markets a day earlier.
The Dow Jones Industrial Average closed 157.62 points higher on Monday after the blue-chip index fell more than 760 points earlier in the session. The S&P 500 gained 0.8% while the Nasdaq Composite advanced 1.4%. The S&P 500 and Nasdaq had fallen as much as 2.5% and 1.9%, respectively, before erasing those losses.
“The [S&P 500] followed last week’s sizable drawdown with a daily positive reversal for the ages yesterday,” said Frank Cappelleri, executive director at Instinet. “If there was ever an example of unadulterated dip buying, we saw it yesterday.”
Cappelleri noted the June trading action thus far reminds him of last month, when a small topping pattern started to form, but ended up being a “bear trap.”
Traders pointed to an announcement from the Federal Reserve during Monday’s session for an abrupt move higher.
The central bank said it would buy individual corporate bonds and signaled a broader approach to corporate bond buying that had remained a matter of speculation until Monday afternoon. The Fed indicated earlier in the spring that it would buy bonds on the primary market, but Monday’s announcement expanded its operations into the secondary market.
Subscribe to CNBC PRO for exclusive insights and analysis, and live business day programming from around the world.
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Re: Martes 16/06/20 Producción Industriaso
por admin » Mar Jun 16, 2020 9:11 am
ST CHG %CHG
DJIA 26504.96 741.80 2.88
S&P 500 3145.80 79.21 2.58
Nasdaq Composite 9953.79 227.77 2.34
Japan: Nikkei 225 22582.21 1051.26 4.88
UK: FTSE 100 6270.30 205.60 3.39
Crude Oil Futures 38.89 1.77 4.77
Gold Futures 1729.00 1.80 0.10
Yen 107.46 0.13 0.12
Euro 1.1264 -0.0061
DJIA 26504.96 741.80 2.88
S&P 500 3145.80 79.21 2.58
Nasdaq Composite 9953.79 227.77 2.34
Japan: Nikkei 225 22582.21 1051.26 4.88
UK: FTSE 100 6270.30 205.60 3.39
Crude Oil Futures 38.89 1.77 4.77
Gold Futures 1729.00 1.80 0.10
Yen 107.46 0.13 0.12
Euro 1.1264 -0.0061
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Re: Martes 16/06/20 Producción Industriaso
por admin » Mar Jun 16, 2020 9:12 am
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Re: Martes 16/06/20 Producción Industriaso
por admin » Mar Jun 16, 2020 9:12 am
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Re: Martes 16/06/20 Producción Industriaso
por admin » Mar Jun 16, 2020 10:39 am
LAST CHG %CHG
DJIA 26211.72 448.56 1.74
S&P 500 3118.01 51.42 1.68
Nasdaq Composite 9865.71 139.68 1.44
Japan: Nikkei 225 22582.21 1051.26 4.88
UK: FTSE 100 6244.86 180.16 2.97
Crude Oil Futures 37.62 0.50 1.35
Gold Futures 1734.90 7.70 0.45
Yen 107.33 0.01 0.01
Euro 1.1262
DJIA 26211.72 448.56 1.74
S&P 500 3118.01 51.42 1.68
Nasdaq Composite 9865.71 139.68 1.44
Japan: Nikkei 225 22582.21 1051.26 4.88
UK: FTSE 100 6244.86 180.16 2.97
Crude Oil Futures 37.62 0.50 1.35
Gold Futures 1734.90 7.70 0.45
Yen 107.33 0.01 0.01
Euro 1.1262
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Re: Martes 16/06/20 Producción Industriaso
por admin » Mar Jun 16, 2020 10:55 am
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Re: Martes 16/06/20 Producción Industriaso
por admin » Mar Jun 16, 2020 10:57 am
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Re: Martes 16/06/20 Producción Industriaso
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Re: Martes 16/06/20 Producción Industriaso
por admin » Mar Jun 16, 2020 2:10 pm
LAST CHG %CHG
DJIA 26215.65 452.49 1.76
S&P 500 3115.66 49.07 1.60
Nasdaq Composite 9857.42 131.40 1.35
Japan: Nikkei 225 22582.21 1051.26 4.88
UK: FTSE 100 6242.79 178.09 2.94
Crude Oil Futures 38.00 0.88 2.37
Gold Futures 1733.80 6.60 0.38
Yen 107.28 -0.05 -0.04
Euro 1.1266
DJIA 26215.65 452.49 1.76
S&P 500 3115.66 49.07 1.60
Nasdaq Composite 9857.42 131.40 1.35
Japan: Nikkei 225 22582.21 1051.26 4.88
UK: FTSE 100 6242.79 178.09 2.94
Crude Oil Futures 38.00 0.88 2.37
Gold Futures 1733.80 6.60 0.38
Yen 107.28 -0.05 -0.04
Euro 1.1266
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Re: Martes 16/06/20 Producción Industriaso
por admin » Mar Jun 16, 2020 2:10 pm
48.98 1.60
China: Shanghai Composite 2931.75 41.72 1.44
Japan: Nikkei 225 22582.21 1051.26 4.88
UK: FTSE 100 6242.79 178.09 2
China: Shanghai Composite 2931.75 41.72 1.44
Japan: Nikkei 225 22582.21 1051.26 4.88
UK: FTSE 100 6242.79 178.09 2
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Re: Martes 16/06/20 Producción Industriaso
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Re: Martes 16/06/20 Producción Industriaso
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Re: Martes 16/06/20 Producción Industriaso
por admin » Mar Jun 16, 2020 5:09 pm
LAST CHG %CHG
DJIA 26289.98 526.82 2.04
S&P 500 3124.74 58.15 1.90
Nasdaq Composite 9895.87 169.84 1.75
Japan: Nikkei 225 22582.21 1051.26 4.88
UK: FTSE 100 6242.79 178.09 2.94
Crude Oil Futures 37.93 0.81 2.18
Gold Futures 1734.90 7.70 0.45
Yen 107.34 0.03 0.03
Euro 1.1262 -0.0003 -0
DJIA 26289.98 526.82 2.04
S&P 500 3124.74 58.15 1.90
Nasdaq Composite 9895.87 169.84 1.75
Japan: Nikkei 225 22582.21 1051.26 4.88
UK: FTSE 100 6242.79 178.09 2.94
Crude Oil Futures 37.93 0.81 2.18
Gold Futures 1734.90 7.70 0.45
Yen 107.34 0.03 0.03
Euro 1.1262 -0.0003 -0
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