Author: iHub News
-
U.S. Stocks Fluctuate Before Closing On Mixed Note
Stocks recovered from an initial move to the downside but gave back ground in the latter part of the trading session on Monday. The major averages eventually ended the day mixed, with the Dow and the S&P 500 falling to their lowest closing levels in over four months. While the tech-heavy Nasdaq rose 34.52 points…
-
Rebounding Treasury Yields May Lead To Continued Weakness On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to add to the steep losses posted last week. The downward momentum on Wall Street comes as treasury yields have rebounded amid ongoing concerns about the outlook for interest rates. Following the pullback seen last Friday,…
-
North American Morning Briefing: 10-Year Treasury Yield Hits 5%
Market Wraps Watch For: Chicago Fed National Activity Index for September Today’s Top Headlines/Must Reads: – Chevron to Buy Hess for $53 Billion – Meta, Amazon Earnings Put Stock Market to the Test – The Economy Was Supposed to Slow by Now. Instead It’s Revving Up Opening Call: Stock futures fell on Monday, on the…
-
US Futures, European Stocks Mostly Flat
U.S. futures for the S&P 500 were up 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 was flat in morning trading. Getinge Series B rose 4.3% and Wallenstam Series B added 3.2%. On the…
-
Top Company News of the Day: Roche, Philips, Apple, Textainer
Roche to Boost Pipeline With Telavant Buy Roche has agreed to buy Telavant Holdings from Roivant Sciences and Pfizer in a deal worth over $7 billion that will give it rights to a therapy for inflammatory bowel disease and potentially multiple other indications. Philips Upgrades Outlook After Strong Third Quarter Philips said it expected adjusted…
-
Nasdaq, S&P 500 Tumble To Lowest Closing Levels In Over Four Months
Stocks moved sharply lower over the course of the trading day on Friday, extending the downward move seen over the two previous sessions. With the extended decline, the Nasdaq and the S&P 500 fell to their lowest closing levels in well over four months. The major averages saw further downside going into the close, ending…
-
Worries About Treasury Yields May Continue To Weigh On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Friday, with stocks likely to extend the downward move seen over the two previous sessions. Concerns about higher treasury yields may continue to weigh on Wall Street after the yield on the benchmark ten-year note climbed above 5 percent for…
-
US Futures, European Stocks Fall as Investors Weigh Powell’s Comments, Geopolitical Risks
U.S. futures for the S&P 500 were down 0.4% and futures for the Dow Jones Industrial Average declined 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 1% in morning trading. Huhtamaki rose 3.9% and Lifco Series B added 3.5%. On the other hand,…
-
Top Company News of the Day: Merck, CATL, HP Enterprise, CSX, BMW
Merck, Daiichi Sankyo Ink Commercialization Deal for Up to $22 Billion The companies agreed to jointly develop and commercialize three potential cancer treatments. CATL’s Profit Rose 11% on Higher Sales The world’s largest maker of electric-vehicle batteries posted an increase in third-quarter profit, but came up short of analyst expectations. HP Enterprise stock drops following…
-
U.S. Stocks Finish Volatile Session Firmly Negative After Powell Remarks
After ending Wednesday’s session sharply lower, stocks saw significant volatility over the course of the trading day on Thursday. The major averages swung back and forth across the unchanged line before ending the day firmly in the red. The major averages fell to new lows going into the close of trading. The Dow fell 250.91…