Author: iHub News
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Traders May Continue To Pick Up Stocks At Relatively Reduced Levels
US Market The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to move back to the upside after ending the previous session mostly lower. Stocks may attempt to extend the recovery attempt seen following the sharp pullback in early trading on Tuesday. The major averages regained ground…
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North American Morning Briefing: Traders Absorb News of China Deflation
Market Wraps Watch For: EIA Weekly Petroleum Status Report; Earnings from Disney, Roblox, Penn Entertainment, Wynn Resorts Today’s Top Headlines/Must Reads: – U.S. to Ban Some Investments in China – Banks’ Problems Aren’t Over, According to the Bond Market – Japanese Carmakers See Next Few Years as Fight for Survival in China Opening Call: Stock…
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US Futures, European Stocks Lift Slightly
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 0.7% in morning trading. Delivery Hero rose 6.6% and Sampo Series A added 5.2%. On the…
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Top Company News of the Day: Rivian, Lyft, WeWork, Sony Group
Rivian’s Loss Narrows as Production Speeds Up The EV truck and sport-utility maker raised its production guidance for the year after a better-than-expected second quarter. Lyft Increased Revenue, Trimmed Loss During Tumultuous Quarter The ride-share company projected a better-than-expected outlook for the current period. WeWork Raises Doubt About Its Survival WeWork on Tuesday raised doubt…
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U.S. Stocks Close On Weak Note Despite Coming Off Day’s Lows
After a weak start and a subsequent sharp fall, stocks recovered gradually on Tuesday, but still ended the day’s session in negative territory. The major averages all ended notably lower, but well off the session’s lows. The Dow, which was down by about 470 points at one stage, ended the day with a loss of…
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U.S. Stocks May Move Back To The Downside In Early Trading
US Market The major U.S. index futures are currently pointing to a lower open on Tuesday, with a Moody’s downgrade of several banks likely to weigh on the markets. U.S. stocks closed on a firm note on Monday, recovering well after recent sharp losses, as investors looked ahead to more earnings updates and data on…
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North American Morning Briefing: Sentiment Hit by Weak China Data
Market Wraps Watch For: Trade for June; Canada Trade for June; Fedspeak from Patrick Harker and Thomas Barkin; Earnings from United Parcel Service, Eli Lilly Today’s Top Headlines/Must Reads: – New Lending by Mortgage REITs Has Dried Up – Surprise Stock-Market Rally Bulldozes Bearish Hedge Funds – Elon Musk Calls Cybertruck Tesla’s ‘Best Product Ever.’…
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US Futures, European Stocks Fall
In the U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average decreased 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.4% in morning trading. Quilter rose 8.3% and Banco BPM climbed 2.4%. On the other…
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Top Company News of the Day: SoftBank, Glencore, Bacardi, Anheuser-Busch
SoftBank Posts Another Loss Despite Technology-Share Rebound Return to profit for Vision Fund can’t stem red ink for the investment company. Glencore Profit Falls on Commodity-Price Decline Glencore reported a 50% drop in first half adjusted earnings to $9.4 billion, reflecting the normalization of energy market imbalances, and the decline of commodity prices. Bacardi’s Russia…
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U.S. Stocks Rebound After Recent Losses, Close On Firm Note
U.S. stocks closed on a firm note on Monday, recovering well after recent sharp losses, as investors looked ahead to more earnings updates and data on U.S. consumer and producer price inflation, due later in the week. The major averages all closed higher. The Dow settled at 35,473.13, gaining 407.51 points or 1.16 percent, the…