Author: iHub News
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U.S. Stocks Recover After Weak Start, Close On Firm Note
After staying weak till about an hour past noon, U.S. stocks recovered and climbed higher on Monday and eventually ended the day’s session on a fairly firm note. Rising geopolitical crisis in the Middle East hurt sentiment and set up a weak start for the market, and stocks mostly struggled till noon. However, the mood…
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Futures Pointing To Initial Pullback On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to give back ground following the rally seen to close out the previous week. Traders may look to cash in on last Friday’s gains amid geopolitical tensions in the Middle East, as Israel has ordered a…
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North American Morning Briefing: Stock Futures Hit by Israel-Hamas Conflict; Oil Jumps
Market Wraps Watch For: Employment Trends Index for September; Canada financial markets closed for Thanksgiving holiday; Fed speak from Lorie Logan and Philip Jefferson Today’s Top Headlines/Must Reads: – Oil Prices Surge After Attack on Israel. What Comes Next. – ‘Fear trade’: What Israel-Hamas war means for oil prices and financial markets – It’s Bank…
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US Futures Down Amid Geopolitical Concerns
U.S. Futures are trending down on Monday morning as markets worldwide fret over the current geopolitical condition in Israel. Futures on the Nasdaq 100 (NDX), S&P 500 (SPX), and the Dow Jones Industrial Average (DJIA) are down by 0.76%, 0.82%, and 0.76%, respectively, at 4:00 a.m. EST, October 9. Hamas’ attack on Israel adds to…
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Top Company News of the Day: Bristol Myers Squibb, Disney, Citi, China Evergrande
Bristol Myers Squibb to Acquire Mirati Therapeutics in Deal Worth Up to $5.8 Billion The deal expands the pharmaceutical company’s portfolio of cancer drugs. Nelson Peltz Boosts Stake, Seeks Board Seats at Disney The activist’s Trian Fund Management has accumulated stake worth more than $2.5 billion to become one of the entertainment giant’s top holders.…
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U.S. Stocks Recover From Early Weakness To Close Sharply Higher
Stocks showed a substantial turnaround over the course of the trading session on Friday, rebounding from early weakness to end the day sharply higher. The major averages all moved to the upside, with the tech-heavy Nasdaq leading the charge. The major averages pulled back off their best levels going into the close but remained firmly…
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Jobs Data Likely To Weigh On Wall Street As Treasury Yields Surge
US Market The major U.S. index futures are currently pointing to a notably lower open on Friday, with the futures coming under pressure following the release of a Labor Department report showing U.S. employment surged by much more than expected in the month of September. The Labor Department said non-farm payroll employment shot up by…
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North American Morning Briefing: Investors Await the All-Important Jobs Report
Market Wraps Watch For: Employment Report for September; Canada Labour Force Survey for September Today’s Top Headlines/Must Reads: – Is The Economy Cooling or Revving Up? The September Jobs Report Will Offer Clues – Monetarism Is Back. It May Not Last. – Exxon Doesn’t Need Luck for Pioneer Deal to Be a Winner Opening Call:…
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US Futures Down, European Stocks Climb Ahead of US Jobs Data
In the U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average declined 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.3% in morning trading. Aviva rose 6.9% and Man Group rose 4.5%. On the other…
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Top Company News of the Day: Exxon Mobil, Google, Apple, Shell, Tesla
Exxon Mobil Closing In on Megadeal With Shale Driller Pioneer A deal could be sealed as soon as in the coming days, though it is still possible there won’t be one, people familiar with the matter said. South Korea Plans to Fine Google, Apple for Breaching Mobile Payment Rules South Korea’s telecom regulator plans to…