Author: iHub News
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U.S. Stocks Finish Volatile Session In The Red Following Jobs Report
Stocks saw substantial volatility over the course of the trading session on Friday, with the major averages showing wild swings back and forth across the unchanged line following the release of the closely watched monthly jobs report. The major averages moved to the downside going into the close and ended the day in negative territory.…
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Futures Turn Positive Following Closely Watched Jobs Report
US Market The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to regain ground following the sell-off seen in the previous session. The futures turned positive as the Labor Department’s closely watched monthly jobs report showed employment increased by less than expected in June, easing concerns about…
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North American Morning Briefing: Focus Fixed on Jobs Report
Market Wraps Watch For: Employment Report for June; Canada Labour Force Survey for June Today’s Headlines/Must Reads – Yellen Says U.S. Doesn’t Seek ‘Winner Take All’ Fight With China – Read the Ingredients Before Buying This $25 Billion ETF – A Trillion-Dollar Opportunity: China’s Pivot to the Middle East Set to Fuel Investment Boom Opening…
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US Futures, European Stocks Slip as Focus Turns to US Jobs Report
In the U.S., futures for the S&P 500 were down 0.2% 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 fell 0.3% in morning trading. Scatec rose 5.8% and Coca-Cola HBC added 3.9%. On the other…
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Top Company News of the Day: Shell, Clariant, Twitter, Meta, Samsung
Shell to Book Charge as Upstream Output Falls Shell said it expected to book after-tax impairments of up to $3 billion for the second quarter of 2023, and that upstream production declined from the first three months of the year. Clariant Lowers 2023 Guidance on Disappointing Second Quarter Clariant forecast underlying earnings of CHF650-CHF700 million…
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U.S. Stocks Close Notably Lower As Data Adds To Interest Rate Worries
Stocks saw significant weakness during trading on Thursday, extending the pullback seen during Wednesday’s session. The major averages regained some ground after an early sell-off but remained notably lower. After tumbling by more than 500 points in morning trading, the Dow ended the day down 366.38 points or 1.1 percent at 33,922.26. The Nasdaq slumped…
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Ongoing Interest Rate Concerns May Weigh On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to see further downside following the weakness seen in the previous session. Ongoing concerns about the outlook for interest rates are likely to weigh on Wall Street following the release of a report from payroll processor…
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North American Morning Briefing: Fed Hawks Hit Stocks
Market Wraps Watch For: ADP National Employment Report for June; International Trade for May; Weekly Jobless Claims; EIA Weekly Petroleum Status Report; Canada Official International Reserves for June; Canada International Merchandise Trade for May Today’s Top Headlines/Must Reads: – Iran Floods Global Markets With Cheap Oil as Saudi Arabia Cuts Output – AI Boom Stems…
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US Futures, European Stocks Slip Following Hawkish Fed Comments
In the U.S., futures for the S&P 500 were down 0.4% and futures for the Dow Jones Industrial Average decreased 0.4%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.9% in morning trading. Samhaellsbyggnadsbolaget climbed 5.2% and United Utilities Group rose 3%. On the…
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Top Company News of the Day: Meta, AI, Sagard, JetBlue
Meta Launches Threads, Betting Instagram Mojo Can Take on Twitter With New App In a post ahead of a global launch, Mark Zuckerberg greets all: ‘Let’s do this. Welcome to Threads.’ AI Boom Stems Tech’s Downturn Excitement over artificial intelligence is proving to be a powerful counterforce for a tech economy that had been slowing,…