Author: iHub News
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North American Morning Briefing: November Rally Pauses Ahead of This Week’s PCE Report
Market Wraps Watch For: S&P CoreLogic Case-Shiller Home Px Index for September; Conference Board — Consumer Confidence for November Today’s Top Headlines/Must Reads: – The Stocks That AI Mania Left Behind – Advertising Is Dead. Long Live Advertising. – Microsoft Needs a Better Seat at OpenAI’s Table Opening Call: Stock futures wavered on Tuesday as…
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U.S. Stocks May See Further Downside In Early Trading
US Market The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to extend the mild pullback seen in the previous session. The downward momentum on Wall Street may reflect caution ahead of the release of several key economic reports in the coming days. On Thursday, the…
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US Futures, European Stocks Fall as Investors Await Fresh Cues
U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average fell 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.4% in morning trading. MorphoSys climbed 5.1% and Merlin Properties SOCIMI rose 3.6%. On the other hand,…
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Top Company News of the Day: Microsoft, Shein, Novartis, Zscaler
Microsoft Needs a Better Seat at OpenAI’s Table The leadership crisis exposed Microsoft’s reliance on the AI startup, showing a need for a greater role. Fast-Fashion Giant Shein Files to Go Public The China-founded online fashion company was valued at $66 billion earlier this year. 5 Oil & Gas Companies on the Brink of Big…
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U.S. Stocks Finish Lackluster Session Modestly Lower
Stocks showed a lack of direction over the course of the trading day on Monday, extending the lackluster performance seen during last Friday’s holiday-shortened session. The major averages bounced back and forth across the unchanged line before eventually closing modestly lower. The Dow slipped 56.68 points or 0.2 percent to 35,333.47 and the S&P 500…
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US Futures Slip, European Stocks Mixed at Start of the Week
U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average decreased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.1% in morning trading. Corbion rose 5.3% and Rightmove climbed 4.8%. On the other hand, Orpea sunk…
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Top Company News of the Day: Origin Energy, TikTok, Meta, Citizens Financial
Origin Energy Bidder Doesn’t Know How Much Largest Shareholder Wants The consortium bidding to acquire Origin Energy for nearly US$11 billion still doesn’t know what price the Australian power company’s biggest shareholder wants to get a deal done. Will Livestreaming Be TikTok’s Amazon-Killer? TikTok is moving aggressively into e-commerce-a space where its Chinese equivalent is…
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U.S. Stocks Finish Holiday-Shortened Session Narrowly Mixed
Stocks turned in a lackluster performance throughout the trading session on Friday, as many traders continued to enjoy the Thanksgiving Day holiday. Despite the choppy trading, the Dow and the S&P 500 ended the day at their best closing levels in well over three months. The major averages finished the session narrowly mixed. While the…
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U.S. Stocks May Lack Direction In Light Post-Holiday Trading
US Market The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction as trading resumes following the Thanksgiving Day holiday on Thursday. Traders may remain away from their desks following yesterday’s holiday, as the markets are due to close earlier than…
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US Futures, European Stocks Mixed
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 was flat in morning trading. Evolution Gaming Group rose 3.7% and Forvia added 3.1%. On the other hand, Dr.…