Author: iHub News
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U.S. Stocks Finish Choppy Trading Day Mostly Higher
Following the sell-off seen last week, stocks showed a lack of direction over the course of the trading session on Monday. The major averages spent the day bouncing back and forth across the unchanged line before closing in positive territory. The major averages moved to the upside going into the close of trading. The Nasdaq…
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Futures Pointing 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 see further downside following the sharp decline last week. Concerns about the outlook for interest rates may continue to weigh on Wall Street following last week’s Federal Reserve meeting. The Fed left interest rates unchanged…
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North American Morning Briefing: Stock Futures Weaker as Yields Climb Toward 4.5%
Market Wraps Watch For: Nothing major scheduled Today’s Headlines/Must Reads – U.S. Economy Could Withstand One Shock, but Four at Once? – Why Are Tech Stocks Down? Bond Yields Are Up – Amazon to Invest Up to $4 Billion in Anthropic as AI Arms Race Escalates – China Gets Tough on Insider Selling to Arrest…
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US Futures Rise, European Stocks Drop
In the U.S. futures for the S&P 500 were up 0.4% and futures for the Dow Jones Industrial Average rose 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.2% in morning trading. Samhaellsbyggnadsbolaget added 22.3% and Ubisoft Entertainment climbed 5.2%. On the other…
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Top Company News of the Day: Evergrande, Hollywood, Perdue, Tyson, Meta
China Evergrande Shares Fall After Developer Scraps Restructuring Plan China Evergrande’s shares fell after the property developer scrapped a $35 billion debt-restructuring plan and said it is unable to issue new debt. Hollywood Writers Reach Agreement with Studios, Streamers to End Strike The deal, which still has to be ratified by members, could open the…
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U.S. Stocks Close Modestly Lower Following Late-Day Volatility
After an early move to the upside, stocks saw substantial volatility in the latter part of the trading session on Friday. The major averages showed wild swings back and forth across the unchanged line before eventually ending the day modestly lower. The tech-heavy Nasdaq edged down 12.18 points or 0.1 percent 13,211.81, its lowest closing…
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U.S. Stocks May Regain Ground Following Recent Weakness
US Market The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to regain ground after moving sharply lower over the two previous sessions. Bargain hunting may contribute to initial strength on Wall Street, as traders pick up stocks at reduced levels following recent weakness. The steep drops…
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North American Morning Briefing: Stock Futures Edge Higher as PMI Data Awaited
Market Wraps Watch For: Flash Manufacturing PMI for September; Flash Services PMI for September Today’s Top Headlines/Must Reads: – When Rates Drop, They Usually Plunge. The Fed Thinks Different. – Yields Are Near Their Peak. Don’t Wait to Buy Bonds. – Auto Industry Finance Chiefs Watch for Ripple Effects From UAW Strike Opening Call: Stock…
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US Futures Up, European Stocks Fall as Investors Brace for Higher Rates for Longer
In the U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average rose 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.3% in morning trading. Adevinta climbed 19.5% and Schibsted added 12.2%. On the other hand,…
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Top Company News of the Day: Microsoft, Amazon, UAW, TikTok
Microsoft’s Revised Activision Deal Lessons Competition Concerns The U.K. antitrust authority said the new deal submitted by Microsoft addresses competition concerns in cloud gaming, and it opened a consultation on residual concerns it has before making a final decision on the acquisition. Amazon’s New Challenge: Bargain Retailers Who Are Playing a Different Game The e-commerce…