Author: iHub News
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Top Company News of the Day: Novartis, Activision, Evergrande, NBCUniversal, AT&T
Novartis Upgrades Outlook After Strong First Half Novartis said it expected core operating income to grow in the low double digits from a previous expectation of high-single-digit growth, lifted its sales guidance and confirmed its $15 billion share buyback. Berkshire Cuts Activision Stake by 70% to 14.6 Million Shares as Deal Nears Berkshire Hathaway, led…
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U.S. Stocks Move Mostly Higher, Extending Upward Trend
Following the strong upward move seen last week, stocks saw some further upside during trading on Monday. With the continued advance, the Nasdaq and the S&P 500 once again reached their best closing levels in over a year. The major averages pulled back off their best levels going into the close but remained in positive…
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Profit Taking May Contribute To Initial Pullback On Wall Street
US Market The major U.S. index futures are currently pointing to a modestly lower open on Monday, with stocks likely to give back ground following the strong upward move seen last week. Profit taking may contribute to initial weakness on Wall Street after last week’s rally lifted the Nasdaq and the S&P 500 to their…
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North American Morning Briefing: Disappointing China Data Dents Sentiment
Market Wraps Watch For: Canada Wholesale Trade for May Today’s Top Headlines/Must Reads: – Markets Appear Convinced the Fed Can Pull Off a Soft Landing – Economists Are Cutting Back Their Recession Expectations – Venture Firms Scale Back Megafunds in Strategy Shift – China PBOC Adds Liquidity at Unchanged Policy Rates Opening Call: Stock futures…
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US Futures Flat, European Stocks Fall After Weak China Data
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average decreased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.4% in morning trading. MorphoSys added 4.5% and Bank of Ireland Group climbed 1.8%. On the…
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Top Company News of the Day: Whitehaven Coal, Microsoft, Activision, Allbirds
Investors Are Bailing on Cathie Wood’s ARK Fund Once the largest actively managed ETF, the fund has shrunk to roughly $9 billion. Venture Firms Scale Back Megafunds The prolonged startup bear market is forcing some venture firms to unwind investments and scale down expansion plans. Whitehaven Coal Output Rebounds, Net Cash Position Strengthens Whitehaven Coal’s…
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U.S. Stocks Close Narrowly Mixed Following Recent Rally
Stocks extended their recent rally in early trading on Friday but gave back ground over the course of the session. The major averages pulled back off their highs of the session, with the Nasdaq and the S&P 500 dipping into negative territory. The major averages eventually ended the session narrowly mixed. While the Dow rose…
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Upbeat Earnings News May Lead To Extended Rally On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to extend the rally seen over the past several sessions. Ongoing optimism about the Federal Reserve being close to ending its monetary policy tightening may contribute to continued strength on Wall Street following recent encouraging inflation…
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North American Morning Briefing: Bank Results in Focus
Market Wraps Watch For: University of Michigan Preliminary Consumer Survey for July; Earnings From JPMorgan Chase; Citigroup; Wells Fargo; BlackRock; UnitedHealth Today’s Top Headlines/Must Reads: – The Real Fed Debate This Month: What Would Prompt a Rate Hike This Fall – If You Find the Economy Confusing, Don’t Worry: It Is – Bob Iger Isn’t…
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US Futures Fall, European Stocks Mixed as Markets Await Earnings Season
In the U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average decreased 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. Orkla added 4.4% and Dr. Martens climbed 3.7%. On the other…