Author: iHub News
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Nasdaq, S&P 500 Move To The Downside But Dow Reaches Best Closing Level In Over A Year
Following a strong July, U.S. stocks saw modest weakness to kick off the month of August. The Nasdaq and S&P 500 moved to the downside, although the narrower Dow managed to finish the day in positive territory. The Nasdaq slid 62.11 points or 0.4 percent to 14,283.91 and the S&P 500 fell 12.23 points or…
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Traders May Cash In On Strong July Gains In Early Trading
US Market The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to move back to the downside after ending yesterday’s lackluster session modestly higher. Profit taking may contribute to initial weakness on Wall Street, as some traders look to cash in on the strong gains posted in…
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North American Morning Briefing: Latest China Data Drags on Mood
Market Wraps Watch For: ISM Report on Business Manufacturing PMI; Construction Spending; Canada Manufacturing PMI; earnings from Caterpillar, Merck, Pfizer, Starbucks, Uber Today’s Headlines/Must Reads – Earnings Season Threatens Lofty Stocks – BlackRock, MSCI Face Congressional Probes for Facilitating China Investments – Carbon Offset Market Opens to Small Southern Timberland Owners – DeSantis Super PAC…
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US Futures Fall, European Stocks Mixed as Economic Data, Corporate Earnings in Focus
In the U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average fell 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.1% in morning trading. Atos added 7.9% and TeamViewer rose 5.2%. On the other hand,…
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Top Company News of the Day: X, BP, HSBC, Diageo
Elon Musk’s X Sues Nonprofit That Accused It of Allowing Hate Speech Elon Musk’s social-media company is suing a nonprofit that has accused the platform of allowing the proliferation of hate speech. BP Misses Forecasts But Starts Buyback BP posted a sharply lower replacement-cost profit of $2.6 billion in the second quarter, hit by weaker…
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U.S. Stocks Finish Lackluster Session Modestly Higher
Stocks showed a lack of direction throughout the trading session on Monday, with the major averages spending the day bouncing back and forth across the unchanged line after last Friday’s trading firmly in positive territory. The major averages moved to the upside going into the close, ending the day modestly higher. The Dow rose 100.24…
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Futures Pointing To Initial Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to add to the strong gains posted during last Friday’s session. U.S. stocks closed on a bright note on Friday, firmly holding their gains after a positive start. Some encouraging earnings updates from top tech firms…
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North American Morning Briefing: Wall Street Eyes Five-Month Winning Streak
Market Wraps Watch For: Chicago Business Barometer-ISM-Chicago Business Survey-Chicago PMI; University of Michigan Final Consumer Survey Today’s Headlines/Must Reads – How the U.S. Economy Is Sticking the Soft Landing – Why the Drivers of Lower Inflation Matter – Everyday Investors Are Thriving in a World Awash in Yield – The Benefit of Owning Stocks Over…
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US Futures Flat, European Stocks Mainly Down
In the U.S. futures for the S&P 500 and for the Dow Jones Industrial Average were flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.1% in morning trading. Polymetal International rose 30.3% and Uniper climbed 2.9%. On the other hand, Atos lost 11.2%,…
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Top Company News of the Day: Walmart, Yellow, Proctor & Gamble, Colgate-Palmolive
Walmart Pays $1.4 Billion to Boost Flipkart Stake The purchase of shares from Tiger Global valued the Indian e-commerce company at about $35 billion. Trucking Giant Yellow Shuts Down Operations The 99-year-old company with 22,000 Teamsters employees advises customers and workers of shutdown. Wall Street to Procter & Gamble, Colgate-Palmolive: Start Moving Units Investors are…