Author: iHub News
-
U.S. Stocks Move Sharply Higher Ahead Of Nvidia Earnings
Stocks moved sharply higher over the course of the trading day on Wednesday, with the major averages all moving to the upside after ending Tuesday’s session mixed. The Nasdaq led the charge amid a rally by technology stocks. The major averages pulled back off their best levels going into the close but remained firmly positive.…
-
Looming Jackson Hole Summit, Nvidia Earnings May Lead To Choppy Trading
US Market The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to extend the lackluster performance seen in the previous session. Traders may remain reluctant to make significant moves ahead of the highly anticipated economic symposium in Jackson Hole, Wyoming, which kicks off on Thursday. The…
-
North American Morning Briefing: Nvidia Results to Test AI Frenzy
Market Wraps Watch For: New Home Sales for July; EIA Weekly Petroleum Status Report; Canada Retail Trade for June; Earnings from Nvidia, Peloton Interactive Today’s Top Headlines/Must Reads: – Recession Fears Have Been ‘Blown Out of the Water,’ Long-Serving Fed President Says – Outside Funders Fuel Bankruptcy Lawsuits – Ukraine Hatches Plan to Reopen Black…
-
US Futures, European Stocks Rise as Focus Shifts to Powell Speech, Nvidia Earnings
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 climbed 0.5% in morning trading. Roche Holding Part. Cert. added 4.1% and Rotork rose 3.2%. On…
-
Top Company News of the Day: Mining Companies, Anta Sports, NFTs, Hollywood Studios
Mining Companies Look for Treasure in Scrapyards Rio Tinto, Glencore and others seek to burnish their green credentials and gain a competitive edge as energy transition stokes demand for commodities. Anta Sports Shares Rise on Strong First-Half Results Anta Sports Products’ shares rose sharply after the Chinese sports-products maker reported a jump in first-half earnings.…
-
U.S. Stocks Turn In Lackluster Performance Following Yesterday’s Rebound
Following the rebound seen over the course of Monday’s session, stocks showed a lack of direction over the course of the trading day on Tuesday. The major averages spent most of the day bouncing back and forth across the unchanged line. The major averages eventually ended the day mixed. While the Nasdaq inched up 8.28…
-
Tech Stocks May Lead Extended Recovery On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to extend the rebound seen over the course of the previous session. Technology stocks may continue to lead the recovery on Wall Street, with the tech-heavy Nasdaq 100 futures jumping by 0.9 percent. Traders may continue…
-
North American Morning Briefing: Stock Futures Gain Ground After Yields Stall
Market Wraps Watch For: Existing Home sales for July; Earnings from Lowe’s, Dicks Sporting Goods, Baidu, Medtronics, Macy’s, Toll Brothers Today’s Top Headlines/Must Reads: – Is Nvidia the New Tesla? Options Traders Place Their Bets – How Hard Should the Fed Squeeze to Reach 2% Inflation? – New U.S. Buyback Tax Hits Companies With $3.5…
-
US Futures, European Stocks Rise as Investors Look to Jackson Hole
In the U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average rose 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.6% in morning trading. Ubisoft Entertainment added 5.8% and DocMorris climbed 5.2%. On the other…
-
Top Company News of the Day: Woodside Energy, SoftBank, Microsoft, U.S. Airlines
Woodside Energy CEO Upbeat About Resolving Labor Dispute Woodside Energy is making good progress toward resolving a labor dispute in Australia that has jolted natural gas markets worldwide, Chief Executive Meg O’Neill said. SoftBank Chip Unit Arm Files for IPO Likely to Be 2023’s Biggest Arm raised lofty expectations for its business overall but faces…