Author: iHub News
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U.S. Stocks Extend Upward Move As Treasury Yields See Further Downside
Stocks fluctuated over the course of the trading session on Wednesday but managed to end the day mostly higher. With the upward move, the major averages all closed higher for the fourth consecutive session. The major averages moved to the upside going into the close, ending the session near their best levels of the day.…
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Futures Pointing To Continued Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a modestly higher open on Wednesday, with stocks likely to extend the upward trend seen over the past few sessions. A continued decline by treasury yields may contribute to strength on Wall Street, with yields pulling back further off their highest levels in over…
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North American Morning Briefing: Stock Futures Stall Ahead of Fed Minutes
Market Wraps Watch For: PPI for September; FOMC Meeting Minutes; Canada Building Permits for August Today’s Top Headlines/Must Reads: – Profits Are Making a Comeback – Muni Funds That Use Borrowed Money Take a Big Hit – Israeli Cyber Companies Rally as Digital, Physical Assaults Continue Opening Call: Bond yields fell further on Wednesday, but…
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US Futures Flat, European Stocks Fall
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 don’t necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.1% in morning trading. THG added 5.9% and Novo Nordisk Series B climbed 4.1%. On the other hand,…
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Top Company News of the Day: Walgreens, Amazon, Samsung, Louis Vuitton
Pharmacy Giant Walgreens Taps Tim Wentworth to Be CEO The incoming chief executive faces a tough challenge, with a core business under pressure due to pharmacy-benefit managers such as his former employer Express Scripts. Amazon Wants You to ‘Buy Again’ A new feature tested in the company’s app encourages repeat purchases in a bid for…
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U.S. Stocks Close On Firm Note As Treasury Yields Drop
After opening on a slightly subdued note, U.S. stocks climbed higher and held firm right through the day’s session on Tuesday to eventually close with solid gains. Despite concerns about the ongoing war in the Middle East, the mood in the market remained positive as dovish comments from Federal Reserve officials lowered expectations for further…
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Pullback By Treasury Yields May Lead To Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to add to the gains posted in the previous session. Early buying interest may be generated in reaction to a pullback by treasury yields, as activity in the bond market has been a key driver of…
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North American Morning Briefing: Treasury Yields Dive as Rate-Rise Fears Ease
Market Wraps Watch For: NFIB Index of Small Business Optimism for September; Wholesale Trade for August; Fedspeak from Neel Kashkari, Mary Daly, Christopher Waller; Earnings from PepsiCo Today’s Top Headlines/Must Reads: – Bond Yields Fall After Attack on Israel – Oil Prices Fall Back. Supply Fears Remain Amid Israel-Hamas War. – China’s Country Garden Succumbs…
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US Futures, European Stocks Rise
U.S. futures for the S&P 500 were up 0.1% 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 gained 1% in morning trading. Rheinmetall added 7.1% and Samhaellsbyggnadsbolaget rose 5.3%. On the other hand, Softcat lost…
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Top Company News of the Day: General Motors, Country Garden, Huawei, Disney
Canadian Auto Workers Strike General Motors Canadian auto workers went on strike against General Motors after the carmaker failed to reach a temporary agreement by the deadline. China’s Country Garden Succumbs to Debt Crisis After Sales Drop The property giant failed to repay a loan and warned that it was unlikely to pay off all…