Author: iHub News
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U.S. Stocks Move Sharply Lower, Nasdaq Tumbles To Five-Month Closing Low
Stocks managed to finish Tuesday’s session mostly higher but showed a substantial move back to the downside during trading on Wednesday. The tech-heavy Nasdaq led the pullback, plunging to a five-month closing low. The Nasdaq tumbled 318.65 points or 2.4 percent to 12,821.22, reflecting its worst day since February. The S&P 500 also slumped 60.91…
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Futures Pointing To Mixed Open On Wall Street
US Market The major U.S. index futures are currently pointing to a mixed open on Wednesday, with stocks likely to move in opposite directions after ending the previous session mostly higher. While the Dow futures up by 0.3 percent, the S&P 500 futures down by 0.2 percent and the Nasdaq 100 futures down by 0.5…
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North American Morning Briefing: Google Parent’s Slump Offsets Microsoft Advance
Market Wraps Watch For: New Home Sales, Bank of Canada Rate Decision, EIA Weekly Petroleum Status Report; Earnings from Boeing, Meta, IBM Today’s Top Headlines/Must Reads: – What Can the Fed Do About the Deficit? Nothing – Why the Shine Has Come Off Clean-Energy Stocks – General Motors Finds Itself in a Jam Opening Call:…
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US Futures Down, European Stocks Mixed
U.S. futures for the S&P 500 were down 0.5% 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 dropped 0.1% in morning trading. Uniper added 10% and Billerud rose 9.9%. On the other hand, Nokian Renkaat…
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Top Company News of the Day: Heineken, Deutsche Bank, Santander, Microsoft
Heineken Backs Views Despite Seeing Weaker Demand Heineken reported a third-quarter revenue of EUR8 billion, missing consensus forecast, but backed its 2023 guidance of stable to mid-single digit organic growth in operating profit. Deutsche Bank Anticipates Accelerated Shareholder Returns Deutsche Bank said it anticipated being able to accelerate and expand shareholder returns to 2025 and…
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U.S. Stocks Move Mostly Higher On Upbeat Earnings News
Following the mixed performance seen during Monday’s session, stocks moved mostly higher over the course of the trading day on Tuesday. The major averages all moved to the upside, with the Dow and the S&P 500 bouncing off their lowest closing levels in over four months. The major averages all finished the day firmly in…
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Upbeat Earnings News May Contribute To Strength On Wall Street
US Market The major U.S. index futures are currently pointing to initial strength on Wall Street on Tuesday, with stocks likely to move mostly higher following the mixed performance seen on Monday. The markets may benefit from a positive reaction to the latest batch of earnings news, as a number of big-name companies reported better…
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North American Morning Briefing: Yields Fall Further as Earnings Season Heats Up
Market Wraps Watch For: Earnings from Alphabet, Canadian National Railway, Coca-Cola, General Electric, General Motors , Microsoft, RTX, Verizon, Visa Today’s Top Headlines/Must Reads: – How the Highest Bond Yields in 16 Years Could Chill the Hot U.S. Economy – Is It Time To Worry About Banks’ Business Lending? – Automakers and Suppliers Spar Over…
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US Futures Rise, European Stocks Mostly Flat
U.S. futures for the S&P 500 were up 0.4% and futures for the Dow Jones Industrial Average climbed 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.1% in morning trading. Logitech International rose 10% and Nemetschek added 7%. On the other hand, Viaplay…
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Top Company News of the Day: Novartis, ZTE, Microsoft, Tesla
Novartis Lifts Guidance Again Novartis said it now expects core profit in the year to grow by a percentage in the mid to high teens range after it reported a 21% rise in core earnings in the third quarter, boosted by strong sale of key drugs. ZTE Shares Skid as Profit Growth Slows, Revenue Falls…