Author: iHub News
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Dow, S&P 500 See Further Downside But Nasdaq Regains Ground
After moving sharply lower over the two previous sessions, the major U.S. stock indexes turned in a mixed performance during trading on Friday. While the Dow and the S&P 500 extended the recent downward move, the tech-heavy Nasdaq managed to regain some ground. The Nasdaq pulled back well off its best levels of the day…
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Bargain Hunting, Upbeat Earnings May Contribute To Rebound On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to regain ground after moving sharply lower over the two previous sessions. Bargain hunting may contribute to initial strength on Wall Street after the major averages tumbled to their lowest closing levels in five months on…
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North American Morning Briefing: Amazon, Intel Numbers Lift Stock Futures
Market Wraps Watch For: Personal Income and Outlays, University of Michigan Final Consumer Survey, earnings from American Express, Chevron, Colgate-Palmolive, Exxon Mobil, Phillips 66 Today’s Headlines/Must Reads – Inflation Trends Likely to Keep Fed Rate-Hike Pause on Track – Investors Like New York Subways. San Francisco’s BART? Not So Much – Apple Faces Potential Watch…
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US Futures Rise, European Stocks Slip
U.S. futures for the S&P 500 were up 0.4% 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 fell 0.2% in morning trading. Signify added 13.2% and Ubisoft Entertainment rose 8%. On the other hand, NatWest…
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Top Company News of the Day: Apple, Microsoft, Sanofi, Remy Cointreau
Apple Faces Potential Watch Import Ban After Federal Trade Ruling The U.S. International Trade Commission found that Apple violated the patent of a rival company, a ruling that could lead to an import ban for certain of its smartwatch. Microsoft Replaces Longtime CMO as It Enters ‘New Era of AI’ Cloud marketing veteran Takeshi Numoto…
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U.S. Stocks Tumble To Five-Month Lows Following Strong Economic Data
Stocks moved notably lower over the course of the trading day on Thursday, extending the sharp pullback seen during Wednesday’s session. With the continued weakness, the major averages fell to their lowest closing levels in five months. The major averages staged a recovery attempt in the latter part of the session but moved back to…
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Rate Concerns May Continue To Weigh On Wall Street Following Data
US Market The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to extend the sharp pullback seen in the previous session. Concerns about the outlook for interest rates may weigh on Wall Street following the release of a slew of U.S. economic data, including a Commerce Department…
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North American Morning Briefing: Nasdaq Futures Retreat as Meta Pulls Back Further
Market Wraps Watch For: Durable Goods, Weekly Jobless Claims, Advance Estimate GDP, EIA Weekly Natural Gas Storage Report, earnings from Altria, Amazon.com, Bristol Myers Squibb, Comcast, Ford, Honeywell, Intel, Mastercard, Merck, Southwest Airlines, UPS Today’s Headlines/Must Reads – Ford Reaches Tentative Labor Deal With UAW Six Weeks Into Historic Strike – What to Watch For…
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US Futures Down, European Stocks Mixed Ahead of ECB Rate Decision
U.S. futures for the S&P 500 were down 0.8% and futures for the Dow Jones Industrial Average declined 0.4%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 1.1% in morning trading. Deutsche Bank rose 8.2% and Sodexo climbed 6.7%. On the other hand, Standard…
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Top Company News of the Day: Standard Chartered, BNP Paribas, Stellantis, Mercedes-Benz
Standard Chartered Profit Slides on Impairments, Costs Standard Chartered’s third-quarter underlying net profit dropped 30%, weighed by higher impairment and operating expenses, but topline growth rose 6% on an improved net interest margin and a strong wealth-management recovery. BNP Paribas Profit Fall Worse Than Expected BNP Paribas reported a lower third-quarter net profit despite revenue…