Author: iHub News
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U.S. Stocks Pare Early Gains; Dow Down Nearly 230 Points
U.S. stocks are drifting lower Friday afternoon, paring early gains, with investors turning cautious, weighing the latest batch of economic data and speculating the possible interest-rate path of the Federal Reserve. Concerns about the prospect of a government shutdown weigh as well on the market. The major averages all started off on a positive note,…
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Futures Pointing To Extended Rebound On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to add to the gains posted in the previous session. Bargain hunting may contribute to continued strength on Wall Street, as traders continue to pick up stocks at relatively reduced levels. While the Nasdaq and the…
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North American Morning Briefing: Mood Improves as Key Inflation Gauge Eyed
Market Wraps Watch For: Chicago Business Barometer – ISM-Chicago Business Survey for September; Personal Income and Outlays for August; University of Michigan Final Consumer Survey for September; Canada GDP for July; Carnival earnings Today’s Headlines/Must Reads – Consumer Spending Could Flash Mixed Signals. Here’s What You Need to Watch – Investors’ Bets on Mother Nature…
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US Futures Rise, European Stocks Climb as Markets Focus on US, Eurozone Inflation Data
In the U.S. futures for the S&P 500 were up 0.3% 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 0.7% in morning trading. Future PLC rose 8.4% and Commerzbank added 6.2%. On the other…
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Top Company News of the Day: Tesla, Clear Channel Outdoor, Nike, Hot Energy
Tesla Is Accused of Racial Harassment at California Factory The EEOC sued Elon Musk’s EV company, alleging Black employees were subjected to a hostile work environment. Clear Channel Outdoor to Pay $26 Million in China Bribery Probe Settlement The deal with the SEC resolves an investigation into lavish gifts a Chinese subsidiary allegedly gave to…
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U.S. Stocks Move To The Upside As Treasury Yields Give Back Ground
After ending Wednesday’s volatile session narrowly mixed, stocks moved mostly higher during trading on Thursday. The major averages all moved to the upside on the day, with the tech-heavy Nasdaq leading the advance. While the Nasdaq climbed 108.42 points or 0.8 percent to 13,201.28, the S&P 500 increased 25.19 points or 0.6 percent to 4,299.70…
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Powell Remarks After The Close May Keep Traders On The Sidelines
US Market The major U.S. index futures are currently pointing to a roughly flat open on Thursday, with stocks likely to show a lack of direction in early trading. Traders may be reluctant to make significant moves as they look ahead to remarks by Federal Reserve Chair Jerome Powell, which are set to kick off…
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North American Morning Briefing: Rising Oil Prices Keep Treasury Yields High
Market Wraps Watch For: Weekly Jobless Claims; third estimate for 2Q GDP; Speeches by Jerome Powell and Lisa Cook; Earnings from Nike Today’s Top Headlines/Must Reads: – Standoff in Congress Brings Government to Brink of Shutdown – Companies Find a Fundraising Sweet Spot With Convertible Bonds – More CFOs Pull Back Spending Plans Due to…
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US Futures, European Stocks Mixed
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.1% in morning trading. Etablissementen Franz Col rose 11.2% and Deliveroo added 9.7%. On the other…
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Top Company News of the Day: Evergrande, Citi, Diageo, X, Apple
China Evergrande Shares Suspended After Reports of Founder’s Disappearance Trading in the shares of China Evergrande and two of its publicly listed units was suspended following reports that the property developer’s chairman had been placed under police surveillance. Citi Planning to Sell China Retail-Wealth Unit to HSBC Citigroup is in talks to sell its retail-wealth…