Author: iHub News
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U.S. Stocks Close Little Changed Following Post-Fed Volatility
Stocks saw typically volatility following the Federal Reserve’s highly anticipated monetary policy announcement on Wednesday. The major averages showed wild swings before ending the day narrowly mixed. While the Dow rose 82.05 points or 0.2 percent to 35,520.12, extending its winning streak to 13 sessions, the S&P 500 edged down 0.71 points or less than…
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Traders May Cash In On Recent Strength Ahead Of Fed Decision
US Market The major U.S. index futures are currently pointing to a modestly lower open on Wednesday, with stocks likely to give back ground after moving mostly higher over the two previous sessions. Traders may look to cash in on recent strength in the markets ahead of the Federal Reserve’s monetary policy decision this afternoon.…
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North American Morning Briefing: Stock Futures Struggle as Fed Awaited
Market Wraps Watch For: New Home Sales for June; EIA Weekly Petroleum Status Report; Fed interest rate decision; earnings from AT&T, Boeing, Coca-Cola, Meta Platforms Today’s Headlines/Must Reads – Should Fed Stick to Script With Rate Hike as Inflation Wanes? – Biotech Stocks Join AI-Fueled Rally – Google and Microsoft Paying Big to Play in…
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US Futures Mixed, European Stocks Mostly Down as Market Awaits Fed Decision
In the U.S., futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average declined 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.2% in morning trading. Polymetal International added 23.3% and Rolls-Royce Holdings rose 23%. On the other…
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Top Company News of the Day: NatWest, Deutsche Bank, Rio Tinto, Santander
NatWest CEO Steps Down After Political Fallout From Closed Account Alison Rose had talked to a BBC journalist about the account of Nigel Farage, a leading Brexit campaigner. Deutsche Bank Hit by Higher Costs, Plans EUR1 Billion Return Deutsche Bank posted a lower second-quarter net profit of EUR763 million after it booked higher costs and…
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Dow Closes Higher For Twelfth Straight Session On Upbeat Earnings
Stocks fluctuated over the course of the trading day on Tuesday but largely maintained a positive bias throughout the session. While the tech-heavy Nasdaq outperformed its counterparts, the Dow managed to close higher for the twelfth straight session. The Nasdaq climbed 85.69 points or 0.6 percent to 14,144.56 and the S&P 500 rose 12.82 points…
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US Futures, European Stocks Mixed Ahead of Central Bank Meetings
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 was flat in morning trading. Orpea rose 15.2% and Polymetal International climbed 12%. On the other hand,…
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Top Company News of the Day: Unilever, Shell, Remy Cointreau, Alstom
Unilever Lifts Guidance as Sales Growth Tops Views Unilever posted underlying sales growth of 7.9% for the second quarter, ahead of consensus forecasts, as price increases outweighed a slight decline in volumes, and it raised its full-year sales target. Shell to Sell 35% Interest in Indonesia’s Masela Block for Up to $650 Million Shell is…
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U.S. Stocks Move Mostly Higher, Dow Extends Winning Streak
After ending last Friday’s trading narrowly mixed, stocks moved mostly higher during trading on Monday. The major averages all moved to the upside, with the Dow once again reaching its best closing level in well over a year. The major averages gave back some ground going into the close but remained in positive territory. The…
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U.S. Stocks May See Initial Strength As Fed Decision Looms
US Market The major U.S. index futures are currently pointing to a modestly higher open on Monday, with stocks likely to move to the upside after ending last Friday’s trading narrowly mixed. The markets may continue to benefit from recent upward momentum, which has contributed to a ten-day winning streak for the Dow. The recent…