Author: iHub News
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Top Company News of the Day: Nokia, TSMC, BHP, Netflix
Nokia Hit by Slowdown in US Spending Nokia’s second-quarter net profit fell 29% but came in slightly above forecasts, as macroeconomic uncertainty weighed on sales, while U.S. customers continued to cut spending. TSMC’s Second-Quarter Net Profit Fell 23% on Lower Revenue, Margins Taiwan Semiconductor Manufacturing Co. said its second-quarter net profit fell 23% from a…
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U.S. Stocks Once Again Reach Best Levels In Over A Year
Stocks fluctuated after an early move to the upside but largely managed to maintain a positive bias throughout the trading day on Wednesday. The major averages once again climbed to their highest closing levels in over a year. The major averages all closed in positive territory, although the tech-heavy Nasdaq inched up just 4.38 points…
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U.S. Stocks May Lack Direction Following Recent Strength
US Market The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the extended rally seen in the previous session. Traders may be reluctant to continue buying stocks as they take time to digest the strong upward move seen over…
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North American Morning Briefing: Earnings Optimism Continues to Support Stocks
Market Wraps Watch For: Housing Starts for June; EIA Weekly Petroleum Status Report; earnings from Goldman Sachs, IBM, Netflix, Tesla Today’s Headlines/Must Reads – Antitrust Enforcers Issue Blueprint for Challenging More Mergers – Tech Stocks, Meme Stocks, Crypto: Investors Are Feeling Bold Again – U.S. Rate Rises Have Hit the Yen Hard, but Now It’s…
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US Futures, European Stocks Rise
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average climbed 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.5% in morning trading. Persimmon PLC added 8.7% and Tritax Big Box REIT rose 8.3%.…
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Top Company News of the Day: Microsoft, AT&T, Oddity, Rio Tinto
Microsoft and Activision Blizzard Still Committed to $75 Billion Merger The companies plan to continue work to resolve lingering regulatory issues as the deadline to close the merger approaches. AT&T Halts Plans to Remove Lead Cables in Lake Tahoe Company estimates lead-clad cables represent less than 10% of its legacy phone network. Oddity Prices Closely…
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U.S. Stocks Extend Rally On Upbeat Earnings News
Stocks moved sharply higher over the course of the trading day on Tuesday, extending the strong upward move seen over the past several sessions. With the continued advance, the major averages all reached their best closing levels in over a year. The major averages finished the session just off their highs of the day. The…
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Futures Edge Lower Following Disappointing Retail Sales Data
US Market The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to move back to the downside after trending higher over the past several sessions. The futures edged lower following the release of a report from the Commerce Department showing retail sales in the U.S. increased…
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North American Morning Briefing: Fresh Batch of Bank Earnings to Dictate Mood
Market Wraps Watch For: Retail Sales for June; Industrial Production & Capacity Utilization for June; Canada Housing Starts for June; Canada CPI for June; Earnings from Morgan Stanley; Bank of America; Charles Schwab; PNC Financial; Bank of New York Mellon; Lockheed Martin Today’s Top Headlines/Must Reads: – Shoppers Likely Spent More Last Month as Inflation…
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US Futures Flat, European Stocks Mixed As Markets Set to Track Corporate Earnings, US Data
In the U.S. futures for the S&P 500 were flat 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. argenx climbed 31% and Dometic Group rose 11.3%. On the other hand, Tele2…