Author: iHub News
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U.S. Stocks Climb Well Off Worst Levels But Close Modestly Lower
Stocks came under pressure early in the session on Thursday but staged a notable recovery attempt over the course of the trading day. The major averages peeked above the unchanged line late in the session but closed modestly lower. After falling by nearly 190 points in early trading, the Dow ended the day down just…
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Rebound By Treasury Yields May Lead To Pullback On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to move back to the downside following the rebound seen in the previous session. Traders remain focused on activity in the bond market, with a rebound by treasury yields weighing on the stock futures. Treasury yields…
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North American Morning Briefing: Stock Futures, Bonds Steady Ahead of More Jobs Data
Market Wraps Watch For: Trade for August; Weekly Jobless Claims; Canada Trade for August; Fed speak from Mary Daly, Loretta Mester Today’s Top Headlines/Must Reads: – Rising Interest Rates Mean Deficits Finally Matter – Amazon, Microsoft Face UK Competition Probe Over Cloud Dominance – FTX Employees Found Alameda’s Secret Backdoor Months Before Collapse Opening Call:…
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US Futures Slip, European Stocks Mixed
In the U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average fell 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.2% in morning trading. Pandora added 7.6% and Bawag Group rose 6.3%. On the other…
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Top Company News of the Day: Exxon, Doosan Robotics, Canva, Casino
Exxon expects profit bump from oil prices of around $1 billion in third quarter Exxon Mobil Corp. said in a filing late Wednesday that its third-quarter profit is likely to get a bump of roughly $1 billion from rising crude prices. Doosan Robotics Shares Surge in South Korea Debut Shares of Doosan Robotics surged in…
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U.S. Stocks Close Mostly Higher As Treasury Yields Pull Back Off 16-Year Highs
After turning in a lackluster performance early in the session, stocks moved mostly higher over the course of the trading day on Wednesday. The major averages all moved to the upside on the day, bouncing off their lowest closing levels in four months. The major averages all finished the day firmly positive, with the tech-heavy…
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Traders May Go Bargain Hunting Following Recent Weakness
US Market The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to regain ground following the sell-off seen in the previous session. Bargain hunting may contribute to initial strength on Wall Street, as some traders pick up stocks at reduced levels. The steep drop seen on Tuesday,…
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North American Morning Briefing: S&P 500 Futures Recover Early Losses After Yields Spike
Market Wraps Watch For: ADP National Employment Report for September; ISM Report on Business Services PMI for September; EIA Weekly Petroleum Report Today’s Top Headlines/Must Reads: – As the Fed’s Inflation Fight Drags On, Government Interest Payments Climb – Bond Selloff Threatens Hopes for Economy’s Soft Landing – Why 8% Mortgage Rates Aren’t Crazy –…
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US Futures, European Stocks Fall as Bond Selloff Intensifies
In the U.S. futures for the S&P 500 were down 0.5% 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 fell 0.3% in morning trading. Orpea added 3% and Tesco climbed 2.2%. On the other hand,…
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Top Company News of the Day: China SCE, BYD, SoftBank, Intel
Developer China SCE Seeks Suspension of Trading in Debt Securities Property developer China SCE Group Holdings has sought the suspension of trading in its U.S. dollar-denominated notes on the Hong Kong exchange as it is facing an event of default. How China’s BYD Became Tesla’s Biggest Threat Once a maker of cellphone batteries, the company…