Author: iHub News
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U.S. Stocks Close On Strong Note; Nasdaq Outperforms
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 and data showing a slowdown in the annual rate of growth in consumer prices in the month of June aided sentiment. Easing worries about interest rates following the Federal Reserve…
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Slowdown In Consumer Price Growth May Lead To Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to move back to the upside following the downturn seen over the course of the previous session. Early buying interest may be generated in reaction to a report from the Commerce Department showing a slowdown in…
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North American Morning Briefing: Key Inflation Gauges on Tap
Market Wraps Watch For: Personal Income and Outlays; Employment Cost Index; University of Michigan Final Consumer Survey for July; Canadian GDP; earnings from Chevron, Exxon Mobil, Procter & Gamble Today’s Headlines/Must Reads – Banks Are Halting Stock Buybacks Again as New Capital Rules Loom – China’s Housing Troubles Derail a Developer’s Comeback – Facebook Bowed…
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US Futures Up, European Stocks Mixed as Investors Digest Central Bank Decisions
In the U.S. futures for the S&P 500 were up 0.5% and futures for the Dow Jones Industrial Average increased 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.3% in morning trading. Polymetal International rose 12.1% and ams-OSRAM added 12%. On the other…
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Top Company News of the Day: IAG, NatWest, Standard Chartered, Air France-KLM
IAG Profit Beats Forecasts, Sees Strong Outlook IAG reported a sharply-higher adjusted operating profit of EUR1.3 billion and said its outlook for summer was encouraging, with around 80% of its expected revenue already booked, while full-year capacity was seen around 97% of pre-Covid-19 levels. NatWest Second Quarter Tops Hopes But Trims Guidance NatWest posted an…
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U.S. Stocks Show Significant Downturn As Upbeat Data Raises Interest Rate Concerns
After showing a strong move to the upside early in the session, stocks showed a significant downturn over the course of the trading day on Thursday. The major averages pulled back well off their best levels of the day and into negative territory. The tech-heavy Nasdaq fell 77.17 points or 0.6 percent to 14,050.11 after…
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Upbeat Earnings, Economic News May Lead To Initial Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to see initial strength after ending the previous session little changed. Early buying interest is likely to be generated in reaction to upbeat earnings news, with Facebook parent Meta Platforms (META) poised to lead an early…
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North American Morning Briefing: Stock Futures Rise on Fed Hopes, Meta Boost
Market Wraps Watch For: Durable Good for June; Weekly Jobless Claims; Advance Estimate for GDP 2Q; earnings from AbbVie, Bristol Myers Squibb, Comcast, Ford, Honeywell, Intel, Mastercard, McDonald’s, Mondelez, Royal Caribbean, T-Mobile Today’s Headlines/Must Reads – What Fed Hikes? Much of America’s Consumer Debt Is Still Riding Ultralow Rates – The Economy Has Defied Expectations.…
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US Futures, European Stocks Mixed With ECB Outlook in Focus
In the U.S. futures for the S&P 500 were up 0.3% 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 0.4% in morning trading. Inchcape rose 11.3% and SEB added 7.8%. On the other hand, Teleperformance…
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Top Company News of the Day: Volkswagen, Shell, Nestlé, BNP Paribas
Volkswagen Lowers Delivery Targets as Supply-Chain Issues Persist The German car giant said logistics bottlenecks are shifting from semiconductor shortages to transportation delays. Shell Earnings Drop From Record, Fall Short of Hopes Shell reported a steep drop in its second-quarter adjusted earnings to $5 billion, but cash flow from operations improved 7%, and it said…