Author: iHub News
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S&P 500 Futures Steady as Powell Comments Awaited
Stock futures paused on Friday after a final flourish to a fantastic month, as investors awaited comments from Jerome Powell. The S&P 500 rose 8.9% in November–the best monthly gain since July 2022–as the 70 basis point peak-to-trough decline in the 10-year Treasury was the steepest since the 2008 global financial crisis, according to Goldman…
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US Futures Flat, European Stocks Gain Ahead of Regional PMI Data and US Federal Reserve Chair’s Speech
U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average climbed 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.5% in morning trading. Signify rose 6% and Orpea added 3.8%. On the other hand, Viaplay Group Series…
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Top Company News of the Day: TikTok, X, VF Corp, Microsoft
Montana Judge Says TikTok Ban ‘Likely Violates First Amendment’ The social-media app sued after the state passed a law banning TikTok to protect residents’ privacy. Elon Musk’s F-Bombs Make Linda Yaccarino’s Job at X Even Harder Musk’s outburst is “a line in the sand that can’t be undrawn,” one ad-industry insider said. VF Corp. Lays…
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Dow Jumps To Best Closing Level In Over A Year But Nasdaq Dips
After ending the previous session narrowly mixed, the major U.S. stock indexes once again moved in opposite directions during trading on Thursday. While the Dow moved sharply higher to reach its best closing level in well over a year, the tech-heavy Nasdaq finished the day in the red. The Dow jumped 520.47 points or 1.5…
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U.S. Consumer Price Growth Slowed In October
Consumer price growth in the U.S. slowed in line with economist estimates in the month of October, according to closely watched inflation readings released by the Commerce Department on Thursday. The report said the annual rate of consumer price growth decelerated to 3.0 percent in October from 3.4 percent in September. The slowdown matched expectations.…
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Inflation Data May Contribute To Initial Strength On Wall Street
The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move to the upside following the lackluster performance seen in the previous session. Early buying interest may be generated in reaction to a Commerce Department report showing consumer price growth in the U.S. slowed in line with…
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Oil Prices Slightly Higher
Oil prices were around 1% higher ahead of OPEC+’s ministerial meeting, with a rollover of existing curbs still seen as the most likely scenario, but expectations of deeper cuts in an effort to shore up prices are growing among traders. “Clearly, this growing expectation leaves downside risk for the market if OPEC+ disappoint later today,”…
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Dollar Rebounds After Recent Losses
The dollar was higher, rebounding after recent losses, but strong upcoming activity data could be needed for it to continue rising, ING said. “U.S. activity data needs to do the heavy lifting in a dollar recovery by reviving bond bears.” Weekly jobless claims and personal spending data could be worth watching, ING said, adding that…
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Premarket Movers: Nutanix, Occidental Petroleum, Pure Storage, Synopsys, Tesla
Nutanix was up 8.3% after adjusted earnings and revenue in its fiscal first quarter topped estimates. Occidental Petroleum is in talks to buy CrownRock , The Wall Street Journal reported. The deal for the closely held company could be valued well above $10 billion including debt, according to the Journal. Shares fell 0.7%. Pure Storage…
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US Futures Rise, European Stocks Mixed
U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average increased 0.4%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.1% in morning trading. ASR Nederland rose 11.7% and NN Group added 10.1%. On the other hand,…