Author: iHub News
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North American Morning Briefing: Jobs Report Eyed for Hiring Slowdown
Market Wraps Watch For: Employment Report for August; Construction Spending for July; ISM Report on Business Manufacturing PMI for August; Canada GDP for June Today’s Headlines/Must Reads – China Central Bank to Cut FX Reserves Ratio – The Generational Paradigm Shift Taking Over Markets – UAW Accuses GM, Stellantis of Unfair Labor Practices Opening Call:…
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US Futures Rise, European Stocks Mixed Ahead of Jobs Data
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average increased 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. Johnson Matthey added 11% and THG rose 3.2%. On the other…
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Top Company News of the Day: Tesla, Fortescue, Salzgitter, GM, Stellantis
Tesla Unveils New Model 3 in China With Longer Range-and a Steeper Price Tag The sleeker new version has a rear passenger screen and a refreshed range, but isn’t the cheaper offering that some company watchers had expected. Chinese Property Stocks Gain on Stimulus Measures Property stocks in mainland China gained after Beijing announced a…
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Nasdaq Extends Winning Streak But Dow, S&P 500 Give Back Ground
After failing to sustain an early move to the upside, stocks gave back ground over the course of the trading session on Thursday. The major averages pulled back well off their highs of the session, with the Dow and the S&P 500 ending the day in negative territory. The Dow jumped by nearly 180 points…
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U.S. Stocks May Extend Recent Upward Trend In Early Trading
US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to extend the upward trend seen over the past few sessions. The markets may benefit from recent upward momentum, which has propelled the major averages to a four-session winning streak. Recent economic data adding to optimism…
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North American Morning Briefing: PCE Inflation Data Awaited
Market Wraps Watch For: Personal Income for July; Weekly Jobless Claims; earnings from Broadcom, VMware, Dell Technologies, Lululemon, Dollar Genera, Campbell Soup Today’s Headlines/Must Reads – Americans Likely Increased Their Spending Significantly Last Month – China’s Economy Shows Fresh Signs of Weakness in Factories, Consumer Spending – Arm, Instacart, Klaviyo Prep for Their IPOs-With Caution…
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US Futures Rise, 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 increased 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. UBS Group added 5.5% and Rockwool Series B climbed 4.5%. On…
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Top Company News of the Day: UBS, Arm, Instacart, Klaviyo, Pernod Ricard
UBS Posts Record $29 Billion Profit on Credit Suisse Deal UBS booked a record $29 billion net profit last quarter after it integrated Credit Suisse into its books. Arm, Instacart, Klaviyo Prep for Their IPOs-With Caution Companies are lining up big investors ahead of time and selling small slugs of stock in a sign of…
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Private Sector Jobs Data Contributes To Continued Strength On Wall Street
Extending the upward trend seen in recent sessions, stocks moved moderately higher during trading on Wednesday. The major averages all moved to the upside, closing higher for the fourth consecutive session. The Nasdaq climbed 75.55 points or 0.5 percent to 14,019.31, the S&P 500 rose 17.24 points or 0.4 percent to 4,514.87 and the Dow…
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Private Sector Jobs Data May Contribute To Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a modestly higher open on Wednesday, with stocks poised to extend the upward move seen over the three previous sessions. The futures moved higher following the release of a report from payroll processor ADP showing a notable slowdown in the pace of private sector…