Author: iHub News
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Top Company News of the Day: X, IBM, Google, Applied Materials
Elon Musk’s X Loses Bid to Scrap FTC Privacy Order The federal judge also denies X’s request to stop a deposition of Musk. IBM pulls ads from X after Elon Musk’s incendiary comments over white pride On Wednesday, Musk agreed with a X post that an anti-Semitic conspiracy theory that Jewish people hold a “dialectical…
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Dow Snaps Four-Day Winning Streak But Nasdaq, S&P 500 Edge Slightly Higher
After moving sharply higher over the past few sessions, stocks turned in a relatively lackluster performance during trading on Thursday. The major averages spent most of the session modestly below the unchanged line but ended the day narrowly mixed. The Dow climbed well off its worst levels of the day in late-day trading but still…
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Negative Reaction To Walmart, Cisco Earnings May Weigh On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to extend the substantial rally seen in the previous session. The markets may continue to benefit from optimism about the outlook for interest rates following yesterday’s tamer than expected consumer price inflation data. Potentially adding to…
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North American Morning Briefing: Stock Futures Hold Near Two-Month Highs
Market Wraps Watch For: Weekly Initial Jobless Claims; October Import Price Index; Philadelphia Fed Business Outlook Survey; Industrial Production & Capacity Utilization; EIA Weekly Natural Gas Storage Report; Canada Housing Starts; Fedspeak from Mester, Williams, Barr, and Cook; Earnings from Macy’s, Walmart, Warner Music Today’s Top Headlines/Must Reads: – Squeezed Property Owners Put Their Faith…
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US Futures Down, European Stocks Mixed
U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average were flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.1% in morning trading. Orpea climbed 33.3% and Siemens rose 5.7%. On the other hand, HelloFresh sunk…
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Top Company News of the Day: Lenovo, China Huarong, Tata Technologies, Wuxi XDC, Cisco
Lenovo’s Profit Falls, But Tops Consensus Lenovo Group’s net profit fell 54% in its fiscal second quarter due to a high base in the same period last year when market conditions were more favorable. China Huarong to Buy Stake in Citic for Over $1.7 Billion State-owned China Huarong Asset Management has agreed to buy a…
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U.S. Stocks Move Modestly Higher, Adding To Yesterday’s Substantial Gains
Following the substantial rally seen in the previous session, stocks saw some further upside during trading on Wednesday. The major averages fluctuated over the course of the session but managed to end the day modestly higher. The Nasdaq inched up 9.45 points or 0.1 percent to a three-month closing high of 14,103.84, and the S&P…
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U.S. Stocks May Continue To Benefit From Interest Rate Optimism
US Market The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to extend the substantial rally seen in the previous session. The markets may continue to benefit from optimism about the outlook for interest rates following yesterday’s tamer than expected consumer price inflation data. Potentially adding to…
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North American Morning Briefing: Stocks Seen Building on CPI Rally; PPI Data Due
Market Wraps Watch For: PPI; Retail Sales; EIA Weekly Petroleum Status Report; Fedspeak from Barr, Barkin; Earnings from Target, TJX, Palo Alto Networks, Cisco Systems Today’s Top Headlines/Must Reads: – The Elusive Soft Landing Is Coming Into View – What to Watch in the Retail Report: Is Spending Cooling as Holidays Arrive? – While All…
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US Futures, European Stocks Rise
U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average rose 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.5% in morning trading. Orpea added 690.3% and Siemens Energy rose 4.4%. On the other hand, Alstom…