Author: iHub News
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Interest Rate Concerns Contribute To Extended Sell-Off On Wall Street
Extending the sell-off seen late in the previous session, stocks moved sharply lower over the course of the trading day on Thursday. The major averages all posted steep losses on the day, with the tech-heavy Nasdaq plunging to its lowest closing level in over three months. The major averages saw further downside going into the…
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Interest Rate Concerns May Continue To Weigh On Wall Street
US Market The major U.S. index futures are currently pointing to a notably lower open on Thursday, with stocks likely to extend the sell-off seen late in the previous session. Concerns about the outlook for interest rates may continue to weigh on Wall Street following the Federal Reserve’s monetary policy announcement on Wednesday. While the…
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North American Morning Briefing: The Post-Fed Selloff Continues
Market Wraps Watch For: Weekly Jobless Claims; Existing Home Sales for August; Leading Indicators for August; Canada New Housing Price Index; FedEx annual meeting Today’s Top Headlines/Must Reads: – Higher Interest Rates Not Just for Longer, but Maybe Forever – How U.S. Households Got Turned Upside Down by Higher Interest Rates – UAW Urges Automakers…
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US Futures, European Stocks Down as Markets Await BOE Decision
In the U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average decreased 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.7% in morning trading. JD Sports Fashion rose 6.2% and Next added 1.7%. On the…
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Top Company News of the Day: Toshiba, Apple, FedEx, Ford
Toshiba Shareholders Approve $13.5 Billion Deal to Take Company Private The Japanese industrial conglomerate’s stock is expected to be delisted after almost 80% of shareholders agreed to a private-equity firm’s tender offer. Inside Apple’s Spectacular Failure to Build a Key Part for Its New iPhones The company set out to design a silicon chip that…
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U.S. Stocks Move Sharply Lower Amid Renewed Interest Rate Concerns
With renewed concerns about the outlook for interest rates weighing on the markets, stocks moved mostly lower over the course of the trading session on Wednesday. The major averages spent much of the session on opposite sides of the unchanged but all came under pressure late in the trading day. The tech-heavy Nasdaq led the…
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North American Morning Briefing: Fed Seen Holding Rates, Powell Comments Key
Market Wraps Watch For: FOMC interest rate decision; EIA Weekly Petroleum Status Report; Bank of Canada monetary policy deliberations; Earnings from FedEx Today’s Top Headlines/Must Reads: – American Labor’s Real Problem: It Isn’t Productive Enough – China Keeps Benchmark Lending Rates Unchanged – White House Warns of Long Lines at Airports, Other Delays if Government…
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US Futures Flat, European Stocks Mixed as Central Bank Meetings Loom
In the U.S. futures for the S&P 500 were flat 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 0.2% in morning trading. Just Eat Takeaway.com rose 6.2% and Delivery Hero added 5.6%. On the other…
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Top Company News of the Day: Goldman Sachs, GreenSky, Ford, Philip Morris, Boeing
Goldman Sachs in Advanced Talks to Sell GreenSky in Big Step in Consumer Retreat The bidding group includes Sixth Street, Pimco and KKR. Ford Reaches Tentative Deal With Canadian Auto Union Ford averts a second strike, as it confronts a continuing walkout with the UAW. Marlboro Maker Hits Reset on $2 Billion Bet on Medicine…
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U.S. Stocks Climb Well Off Worst Levels But Still Close Modestly Lower
After coming under pressure early in the session, stocks regained some ground over the course of the trading day on Tuesday but still closed modestly lower. The major averages all finished the day in the red, with the tech-heavy Nasdaq falling to its lowest closing level in almost a month. The major averages remained stuck…