The U.S. stock market will likely sell-off sharply if Thursday’s jobs report is anything like the weak private payrolls number from ADP, according to imagined outcomes from the JPMorgan trading desk. In a note on Wednesday, the JPM U.S. Market Intelligence team said the stock market is likely to move higher if the jobs report is roughly in line with expectations, but said that there’s more risk to the downside than the upside. Economists broadly expect growth of 110,000 jobs, according to Dow Jones. JPMorgan’s chief U.S. economist Michael Feroli projects 125,000 jobs added. The JPMorgan trading desk’s base case…
Author: usaeverydaylife
Synopsys logo is seen displayed on a smartphone with the flag of China in the background. Sopa Images | Lightrocket | Getty ImagesThe U.S. government has rescinded its export restrictions on chip design software to China, U.S.-based Synopsys announced Thursday. “Synopsys is working to restore access to the recently restricted products in China,” it said in a statement. The U.S. had reportedly told several chip design software companies, including Synopsys, in May that they were required to obtain licenses before exporting goods, such as software and chemicals for semiconductors, to China. The U.S. Commerce Department did not immediately respond to a request for…
Jack Janasiewicz, Natixis, joins ‘Fast Money’ to talk what to expect for the markets in the second half of 2025. Source link
Fund managers are getting more bullish on defense stocks, with recent conflicts in the Middle East, the Indian subcontinent as well as NATO allies’ pledges to raise defense spending boosting prospects of the arms industry. The sector has seen robust gains this year and analysts suggest the interest in defense will grow further. The MSCI Europe Aerospace and Defense Index (USD) has surged about 70% this year, according to LSEG data, while the iShares US Aerospace & Defense ETF (ITA) has gained more than 25%. The U.S. defense ETF hit a fresh all-time high on Thursday morning stateside, while the…
White Nike sneakers on June 26, 2025 in Paris, France.Edward Berthelot | Getty Images Entertainment | Getty Images If I had to choose between having a job and paying less for Nike shoes, you’d see me run barefoot to the office. Wednesday’s market moves, however, suggested that Wall Street preferred the cheaper shoes. The U.S. economy lost private sector jobs in June, the first time hiring had contracted since March 2023, according to payrolls processing firm ADP. It’s even more startling because a Dow Jones survey of economists had pegged job numbers to expand by 100,000.Meanwhile, U.S. President Donald Trump…
‘Fast Money’ traders talk Jefferies upgrading Apple. Source link
The Otemachi One Tower building in Tokyo, Japan. Bloomberg | Bloomberg | Getty ImagesAsia-Pacific markets traded mixed Thursday as investors await details on the U.S.-Vietnam trade agreement that President Donald Trump announced Wednesday.The U.S. is imposing a 20% tariff on goods imported from the Southeast Asian nation, while the latter will impose “ZERO Tariff,” Trump said on Truth Social.This comes as the deadline for Trump’s 90-day tariff reprieve draws closer.Japan’s benchmark Nikkei 225 slipped 0.15% and the Topix lost 0.21%. South Korea’s Kospi added 0.77% and the small-cap Kosdaq rose 0.5%.Australia’s S&P/ASX 200 added 0.13%.Hong Kong’s Hang Seng index slipped 0.64%,…
Robin Zeng, founder and chairman of Contemporary Amperex Technology Co. Ltd. (CATL), third right, strikes a gong as Paul Chan, Hong Kong’s financial secretary, second right, and Bonnie Chan, chief executive officer of Hong Kong Exchanges & Clearing Ltd. (HKEX), right, applaud during the CATL listing ceremony at the Hong Kong Stock Exchange in Hong Kong, China, on Tuesday, May 20, 2025. Paul Yeung | Bloomberg | Getty ImagesInvestors and businesses’ enthusiasm for Hong Kong’s equity capital markets is roaring back, as Chinese companies flocked to the city for fundraising, sparking a frenzy in the market that had been forsaken…
The final trades of the day with CNBC’s Melissa Lee and the Fast Money traders. Source link
The S&P 500 and Nasdaq Composite posted closing records Wednesday after Trump said the U.S. struck a trade deal with Vietnam. What’s on CNBC’s radar Thursday. Source link
