Author: iHub News
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U.S. Stocks Close Modestly Lower Ahead Of Jobs Report
After an early move to the downside, stocks fluctuated over the course of the trading session on Thursday. The major averages bounced back and forth across the unchanged line before closing modestly lower. The Dow slipped 66.63 points or 0.2 percent to 35,215.89, the Nasdaq edged down 13.73 points or 0.1 percent to 13,959.72 and…
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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 Thursday, with stocks likely to extend the sell-off seen in the previous session. Concerns about U.S. debt may continue to weigh on Wall Street after credit rating agency Fitch Ratings unexpectedly downgraded the United States’ credit rating. Fitch downgraded the…
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North American Morning Briefing: Stocks Face Fresh Losses; Apple, Amazon Earnings Eyed
Market Wraps Watch For: Preliminary Productivity and Costs; ADP National Employment Report; Weekly Jobless Claims; Factory Orders; Canada Official International Reserves; earnings from Amazon.com, Apple, Hasbro, Kellogg, Moderna Today’s Headlines/Must Reads – Bud Light Boycott Sparks Big U.S. Profit Drop for AB InBev – Fitch Downgrade Won’t Break Washington’s Tax, Spending Habits – California Law…
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US Futures, European Stocks Down
In the U.S. futures for the S&P 500 were down 0.3% 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 fell 0.6% in morning trading. United Internet added 3.9% and Teleperformance rose 3.6%. On the other…
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Top Company News of the Day: AB InBev, Lufthansa, Adidas, Société Générale
AB InBev Earnings Beat Hopes Despite Drop in US Volumes Anheuser-Busch InBev reported normalized earnings of $4.9 billion, slightly above forecast, as organic revenue grew 7.2%, and despite a steep drop in North America volumes. Lufthansa Profits Boosted by Air Travel Demand Lufthansa’s second-quarter adjusted earnings almost tripled to EUR1.1 billion on a 17% rise…
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U.S. Stocks Move Sharply Lower After Fitch Downgrades Credit Rating
After ending Tuesday’s session modestly lower, stocks showed a more substantial move to the downside during trading on Wednesday. The tech-heavy Nasdaq led the sell-off, while the Dow pulled back off its best closing level in well over a year. The major averages climbed off their worst levels going into the close but remained sharply…
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Fitch Downgrade Likely To Weigh On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to add to the modest losses posted in the previous session. The downward momentum on Wall Street comes after credit rating agency Fitch Ratings unexpectedly downgraded the United States’ credit rating. Fitch downgraded the U.S.’ long-term…
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North American Morning Briefing: Stock Futures Slide on Fitch Downgrade
Market Wraps Watch For: ADP Employment Report; EIA Weekly Petroleum Status Report; earnings from Carlyle Group, CVS Health, DuPont, Humana, Kraft Heinz, PayPal, Qualcomm, Shopify Today’s Headlines/Must Reads – Oil Prices Perk Up as Recession Worries Ebb and Supply Tightens – Hong Kong’s Property Market Is a Mess-and the Fed Is Partly to Blame –…
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US Futures, European Stocks Down as Fitch Downgrades US Credit Rating
In the U.S. futures for the S&P 500 were down 0.6% and futures for the Dow Jones Industrial Average decreased 0.4%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 1.1% in morning trading. Uniper added 7.9% and ConvaTec Group rose 5.4%. On the other…
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Top Company News of the Day: Country Garden Services, Haleon, Toyota, Starbucks
Country Garden Services Shares Jump After Stock Buyback Plan Shares of Country Garden Services Holdings jumped after the company said it plans to buy back shares from the open market, signaling confidence in its growth prospects. Haleon Lifts Forecasts After First-Half Profit Beat Haleon posted an adjusted operating profit of GBP1.3 billion in the first…