February 26, 2021: On Thursday, U.S. stock index futures were slightly down after the Dow Jones Industrial Average shut at a record high.
Contracts of the future are tied to the Dow that bounces increased 20 points. Nasdaq 100 futures shed around 0.8% as tech stocks again came under pressure. S&P 500 futures lost 0.3%. Tesla and Facebook shares fell in premarket trading.
First-time jobless claimed totalled 730,000 for the week ended February 20, versus a print of 845,000, economists expected polled by Dow Jones. In contrast, durable goods orders rose by 3.4% in January compared to a Dow Jones consensus of a 1.0% growth.
On Thursday morning, the Treasury yield ten years old has hit 1.46%, the highest level from February 2020. The rate of benchmark has increased 35 basis points this month. Even more high rates could spur investors to roll out of stocks and into bonds, and the growth-oriented technology sector can strike them.
Chief market strategist at LPL Financial, Ryan Detrick, said, “Our base case is that rates will continue to increase because of the rising growth and inflation expectations and, eventually, Federal Reserve normalization.”
GameStop, the controversial meme stock, is on the rise again. Shares were up above 50% in premarket trading after doubling in the previous session on a chief executive’s reported ousting.
The Dow jumped 425 points to close at a record high in a volatile session that at one point saw the 30-stock average drop more than 110 points on Wednesday.
“It seems pretty clear to us that the move in rates has been driven by growing optimism about economic growth, and rates are finally ‘catching up’ to the bullish growth outlook inequities,” said David Lefkowitz, head of equities Americas at UBS Global Wealth Management. “So equity investors should not be overly concerned.”
We provide the insights on leaders who are responsible for taking their organization to new heights, all the while bringing together a group of talented individuals.
The Trusts, a community-owned liquor monopoly in West Auckland, is facing a strategic review of its $40 million expansion …
Paycor’s human capital management (HCM) platform modernizes every aspect of people management, from recruiting, onboarding, and payroll to career development and retention, but what really sets us apart is our focus on leaders.
In today’s day and age, there are numerous reports of increasing anxiety levels, low motivation, and exhaustion. But have we ever thought that the people struggling with those problems are the same people showing up to work at various organizations? This is not about a few employees just having a bad day.
HiBob is at the forefront of HR innovation, transforming the way organizations operate in the modern world of work with its award-winning HCM ‘Bob’. Its modular approach caters to the needs of multinational companies seeking agile technology and robust analytics to support operations across distributed workforces in the ever-evolving economic and workplace landscape.
Sandy Sorzano, Director of People + Brand at MMA Design, is highly protective of the company’s much-loved, tight-knit culture. So when inefficient processes started taking more and more time away from the work that builds and preserves that culture, Sandy knew it was time for a change. After implementing BambooHR Benefits Administration, she now has more capacity to give her strategic initiatives the attention they need.
The construction industry faces a unique set of HR challenges including a shortage of qualified candidates to fill open positions, high employee turnover, day-to-day safety concerns and the complexity of complying with myriad employment and labor laws.