Stock futures gain ahead of more earnings and inflation data from the fed. Meta CEO Mark Zuckerberg warned of an economic downturn after the Facebook parent’s second-quarter revenue and earnings missed targets. The Fed, trying to quell high inflation, is still in rate-hiking mode, but Fed chair Jerome Powell did say that slowing the pace of rate hikes could soon be appropriate. After extensive negotiations, key Democratic Sen. Joe Manchin of West Virginia on Wednesday said he has reached a deal with Senate Majority Leader Chuck Schumer, the New York Democrat, on an Inflation Reduction Act of 2022. Schumer had said Democrats would be pushing ahead on a pared-down economic package, after Manchin had forced his party to narrow its approach.

stock market news today

U.S. equity futures fell early on Thursday as investors digested another 75 basis point interest rate hike by the Federal Reserve, as well as quarterly results from a few major companies. But most analysts were not predicting a return to those dark days of a year ago. “COVID-19 cases have more than doubled from the July lows as the variant as spread, but vaccinations are helping limit serious illness, reducing the need and appetite for tighter restrictions.

Stock Futures Slip Ahead Of Tech Earnings

Asymmetry in market activity before and after the arrival of news for AAPL, GM, and YHOO. Note that the three market activity indicators considered Forex here are highly correlated with each other . Markets are mixed on Monday, as all eyes are on big tech earnings & fed meeting this week.

stock market news today

As seen in Figures1 and 2, the reaction of the market activity indicators observed in the actual data is much greater than that calculated using the randomized data, implying that market reactions to news are statistically significant. The Thomson Reuters Corporation and the Dow Jones & Company Inc. deliver news to market participants around the world within fractions of a second through electronic systems . News items published by over 300 third parties are displayed on the RTRS electronic trading platform.

Fund Managers Struggle To Find Top Research In A Deluge Of Data

To check the performance of the indicators, we empirically examine how these indicators are correlated with intraday financial market indicators such as the number of transactions and price volatility. We proposed two new measures to efficiently summarize news articles on individual companies and empirically showed that the two measures are closely correlated with indicators of market activity such as the transaction volume and price volatility. Our methodology is closely related to approaches adopted in previous studies but differs from them in some important respects. First, our novelty measure is closely related to the notion in economics and finance that stock prices are affected by unanticipated news components, but not by anticipated news components. Studies have, for example, examined the impact of the release of government statistics such as the unemployment rate on stock prices. These studies deal with a situation in which the release of statistics is prescheduled and is therefore known to the public; however, the numbers that will be released are not known to the public, although people may have some prior information on them. A similar situation arises when a company makes an earnings announcement.

  • International Container Terminal Services Inc.—controlled by billionaire Enrique Razon, Jr.—is expanding its global footprint in Indonesia with the proposed acquisition of a controlling interest in a port in Southeast Asia’s largest economy.
  • First, our topicality measure is based on the idea that important news should be reported simultaneously by many news agencies.
  • Mastercard Stock Edges Higher As Spending Surge Drives Q2 Earnings Beat“Increasing inflationary pressures have yet to significantly impact overall consumer spending but we will continue to monitor this closely,” said CEO Michael Miebach.
  • Our approach differs from this in that we assess the importance of news based on information from news agencies (i.e., how many agencies report it), while their measure is based on information from Twitter users (i.e., how many users retweet it).
  • The central bank has also managed to shrink its balance sheet by $16 billion since June.

Journalists include keywords in their articles on the RTRS platform. For example, news articles for General Motors Company, LLC have a keyword, GM.N, where .N refers to the NYSE. That is partly why Wednesday’s stock market rally continued after the announcement. The S&P 500 had already entered Wednesday down 17% from its early January all-time high, so the market had reflected much of the hit to economic demand from the rate increases. The market narrative recently has been that, with the economy taking a bit of a hit, the Fed could soon slow down the pace of rate hikes.