Dow futures rise more than 100 points as benchmark nears new 2023 high: Live updates

22 Mins Ago

Sentiment starting to get ‘a bit frothy,’ BTIG says

BTIG chief market technician Jonathan Krinsky noted late Wednesday that “things are starting to get a bit frothy.”

Specifically, the ISEE call/put ratio for stocks closed at its highest level since June and second highest of 2023, he said. Krinsky also pointed out the Cboe Equity Put/Call intraday ratio closed at its lowest level since July.

“Part of this we welcome as we continue to expect some of the laggards to play catch-up, but we are also seeing the ‘MEME’ stocks run again,” he said.

— Fred Imbert

3 Hours Ago

European markets opened higher on the last day of November

European markets opened higher on the last day of the month, but sectors were mixed.

Oil and Gas stocks were last up by close to 1%, while chemicals dipped by around 0.4%.

The Stoxx 600 index was up by around 0.14% at 8:15 a.m. London time and hovered just below a 6% increase for the month of November.

— Sophie Kiderlin

12 Hours Ago

10 of 11 sectors on track to end month in positive territory

10 out of the 11 sectors are on pace so far to end this month in the green.

The technology sector led the gains, up 12.82% in November. Energy, down 2.27%, was the sole laggard.

Wednesday’s trading session saw 6 out of the 11 sectors end in the positive. Real estate, up 0.73%, led the gains. On the other hand, the communication services shed 1.12%.

Similarly, 6 out of 11 sectors are positive for the week, led again to the upside by real estate, which is so far up 1.63%. Communication services stocks were again the laggards, slipping 1.27%.

— Christopher Hayes, Lisa Kailai Han

12 Hours Ago

Stocks making the biggest moves after hours: Salesforce, Pure Storage and more

These are the stocks moving the most in extended hours trading:

  • Salesforce — The software giant added 8% after releasing third-quarter adjusted earnings of $2.11 per share, higher than the $2.06 per share analysts polled by LSEG were expecting. The firm’s third-quarter revenue of $8.72 billion fell in line with expectations.
  • Pure Storage — The data storage company lost 14%. Pure Storage anticipates fourth-quarter revenue will come in at $728 million, below the $918.7 million analysts had expected, according to FactSet. Pure Storage also guided for a full-year revenue of $2.82 billion, again below the expected $2.96 billion.
  • Five Below — The discount retailer was flat after coming in above analyst expectations for its third-quarter earnings.

Read the full list of stocks moving here.

— Lisa Kailai Han

12 Hours Ago

Stock futures open higher



This article was originally published by a www.cnbc.com . Read the Original article here. .