Author: iHub News
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North American Morning Briefing: Investors Primed This Week For Fed, More Heavyweight Earnings
Market Wraps Watch For: Chicago Fed National Activity Index; Flash Manufacturing, Services PMI; earnings from Domino’s Pizza, Logitech, Whirlpool Today’s Headlines/Must Reads – Why the Fed Isn’t Ready to Declare Victory on Inflation – The Inflation Giant Has Awakened. Why Price Growth Will Persist – The Tech Rally’s Next Big Test Is Earnings – Why…
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US Futures Rise, European Stocks Fall as Market Awaits Central-Bank Decisions
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average increased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.3% in morning trading. Ocado Group added 10.7% and Julius Baer Gruppe climbed 4.5%. On…
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Top Company News of the Day: Philips, Vodafone, Ryanair, Posco Holdings
Philips Nudges Up Targets as Profits Rise Philips posted earnings of EUR681 million in the second and said it expected an adjusted Ebitda margin at the upper end of the high-single-digit range for 2023 and mid-single-digit comparable sales growth. Vodafone Service Revenue Improves, Keeps Outlook Vodafone reported group service revenue growth of 3.7% in the…
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U.S. Stocks Close Little Changed Following Lackluster Session
Following the mixed performance seen during Thursday’s session, stocks showed a lack of direction throughout much of the trading day on Friday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the day narrowly mixed. While the Nasdaq slipped 30.50 points or 0.2 percent to…
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US Futures Rise, European Stocks Mixed
In the U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average increased 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.1% in morning trading. Viaplay Group Series B climbed 28% and Wartsila rose 13%. On…
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Top Company News of the Day: SAP, Glencore, Starlink, Google
SAP Tweaks Guidance After 2Q Sales, Profit Boost Software company said results driven by strong growth at its core cloud business. Glencore Backs Full-Year Views Glencore reiterated its production and financial guidance for 2023 after it said its copper, coal and zinc assets performed in line with expectations in the first half of the year.…
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Dow Extends Winning Streak But Nasdaq Pulls Back Sharply
After generally moving higher over the past several sessions, the major U.S. stock indexes turned in a starkly mixed performance during trading on Thursday. While the Dow closed higher for the ninth straight session, reaching its best closing level in over a year, the tech-heavy Nasdaq pulled back sharply following recent strength. The Dow ended…
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Disappointing Tech Earnings May Lead To Pullback On Wall Street
US Market The major U.S. index futures are currently pointing to a modestly lower open on Thursday, with stocks likely to give back ground after trending over the past several sessions. Technology stocks may lead an initial pullback on Wall Street amid a negative reaction to earnings news from companies like Netflix (NFLX) and Tesla…
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North American Morning Briefing: Nasdaq Futures Slide as Tesla, Netflix Underwhelm
Market Wraps Watch For: Weekly Jobless Claims; Existing Home Sales for June; Leading Indicators for June; earnings from American Airlines, Blackstone, Capital One Financial, Johnson & Johnson Today’s Headlines/Must Reads – Charles Schwab Survived the Deposit Crisis. What Comes Next? – Mining Deploys Innovative Tech to Find Copper, Other EV Metals – The Biggest Winners…
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US Futures, European Stocks Mixed as Earnings in Focus Ahead of Fed Decision Next Week
In the U.S. futures for the S&P 500 were down 0.2% and futures 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 0.2% in morning trading. Hikma Pharmaceuticals rose 7.1% and IG Group Holdings climbed 4.8%. On…