{"id":2551,"date":"2023-02-16T08:26:20","date_gmt":"2023-02-16T13:26:20","guid":{"rendered":"https:\/\/liferep.net\/?p=2551"},"modified":"2023-02-16T08:26:20","modified_gmt":"2023-02-16T13:26:20","slug":"thursday-february-16-2023","status":"publish","type":"post","link":"https:\/\/liferep.net\/?p=2551","title":{"rendered":"Thursday February 16, 2023"},"content":{"rendered":"\n<h1 class=\"wp-block-heading\">Stock futures slip Thursday as traders digest earnings, latest data<\/h1>\n\n\n\n<p><a href=\"https:\/\/www.cnbc.com\/sarah-min\/\">Sarah<\/a><\/p>\n\n\n\n<p>The full effect of the Fed\u2019s rate hikes not being appreciated by the market, says Solus\u2019 Dan Greenhaus<\/p>\n\n\n\n<p>Stock futures were little changed Thursday as traders assess retail sales data that pointed to a strong U.S. economy.<\/p>\n\n\n\n<p>Futures linked to the&nbsp;<a href=\"https:\/\/www.cnbc.com\/quotes\/@DJ.1\/\">Dow Jones Industrial Average shed<\/a>&nbsp;96 points, or 0.27%.&nbsp;<a href=\"https:\/\/www.cnbc.com\/quotes\/@SP.1\/\">S&amp;P 500 futures<\/a>&nbsp;dipped 0.42% and&nbsp;<a href=\"https:\/\/www.cnbc.com\/quotes\/@ND.1\/\">Nasdaq-100 futures<\/a>&nbsp;fell 0.50%. Earnings beats sent some shares higher &#8211; Roku surged 12% in premarket trading, Cisco added more than 3% and Hasbro ticked 1% higher.<\/p>\n\n\n\n<p>Stocks closed slightly higher Wednesday even after a stronger-than-expected January retail sales report suggested the Federal Reserve may have further to go in its efforts to tame inflation. The&nbsp;<a href=\"https:\/\/www.cnbc.com\/id\/10000923\">Dow Jones Industrial Average<\/a>&nbsp;rose 38.78 points, or 0.11%, and the&nbsp;<a href=\"https:\/\/www.cnbc.com\/quotes\/.SPX\/\">S&amp;P 500<\/a>&nbsp;climbed 0.28%. Meanwhile, the&nbsp;<a href=\"https:\/\/www.cnbc.com\/quotes\/.IXIC\/\">Nasdaq Composite<\/a>&nbsp;notched its third straight day of gains, rising 0.92%.<\/p>\n\n\n\n<p>For some market observers, that suggested stocks could have more room to run from here \u2014 even after their strong start to the year.<\/p>\n\n\n\n<p>\u201cIt looks like&nbsp;<a href=\"https:\/\/www.cnbc.com\/2023\/02\/15\/stock-market-today-live-updates.html#107195431-0cCbaOXaz\">this rally does have some legs<\/a>, and you can\u2019t fight some of the tape right now,\u201d Victoria Greene, chief investment officer at G Squared Private Wealth, said Wednesday on CNBC\u2019s \u201cClosing Bell: Overtime.\u201d<\/p>\n\n\n\n<p>\u201cThe Fed is saying that they\u2019re going to be hawkish, but the technicals are saying this rally is in, and I really don\u2019t think we\u2019re going to retest those October lows anymore, because we\u2019ve hit some really important technical supports,\u201d Greene said.<\/p>\n\n\n\n<p>Wall Street is expecting further economic insight from a slew of reports Thursday. For starters, another inflation gauge will be out in the morning,&nbsp;<a href=\"https:\/\/www.cnbc.com\/2023\/02\/15\/stock-market-today-live-updates.html#107195410-Nv2Dl5TBz\">the January producer price index<\/a>. Dow Jones estimates are calling for a rise of 0.4%, compared to December\u2019s decline of 0.5%.<\/p>\n\n\n\n<p>Weekly jobless claims data, as well as January\u2019s housing starts report, are also due Thursday.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Stock futures slip Thursday as traders digest earnings, latest data Sarah The full effect of the Fed\u2019s rate hikes not being appreciated by the market, says Solus\u2019 Dan Greenhaus Stock futures were little changed Thursday as traders assess retail sales data that pointed to a strong U.S. economy. Futures linked to the&nbsp;Dow Jones Industrial Average [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-2551","post","type-post","status-publish","format-standard","hentry","category-daily-news"],"_links":{"self":[{"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts\/2551","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=2551"}],"version-history":[{"count":1,"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts\/2551\/revisions"}],"predecessor-version":[{"id":2552,"href":"https:\/\/liferep.net\/index.php?rest_route=\/wp\/v2\/posts\/2551\/revisions\/2552"}],"wp:attachment":[{"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=2551"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=2551"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/liferep.net\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=2551"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}