Author: iHub News
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Top Company News of the Day: Tesla, United, Tyson Foods, Banks
Tesla Deliveries Rose 83% in the Latest Quarter The electric-vehicle maker benefited from price cuts and discounts amid tougher competition in the EV market. United Vows Changes to Avoid More Disruptions, Including Fewer Newark Flights The airline plans to fly less at its Newark, N.J., hub and take other steps to avoid a repeat of…
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Easing Consumer Price Inflation Data Contributes To Rally On Wall Street
Stocks moved sharply higher during trading on Friday, adding to the gains posted in Thursday’s session. The major averages all moved to the upside on the day, with the tech-heavy Nasdaq leading the advance. The major averages pulled back off their best levels going into the close but held on to strong gains. The Nasdaq…
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Futures See Further Upside As Consumer Price Growth Slows
US Market The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to add to the gains posted in the previous session. The futures climbed more firmly into positive territory following the release of a Commerce Department report showing an unexpected slowdown in the annual rate of consumer…
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North American Morning Briefing: Stock Futures Higher as Investors Await Inflation Data
Market Wraps Watch For: Personal Income and Outlays for May; Chicago Business Barometer-ISM-Chicago Business Survey-Chicago PMI for June; University of Michigan Final Consumer Survey for June; Canada GDP for April Today’s Top Headlines/Must Reads: – Consumer Spending Streak Seen Extending Into May – Banks Brace for More Turmoil Heading Into the Third Quarter – New…
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US Futures Mixed, European Stocks Rise as U.S., Eurozone Inflation Data in Focus
In the U.S. futures for the S&P 500 were up 0.1% 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 gained 0.4% in morning trading. LEG Immobilien rose 6.5% and Kion Group climbed 5.2%. On the…
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Top Company News of the Day: Engie, SVB, Microsoft, Activision
Engie Raises Outlook on Strength of Global Energy Management and Sales Engie increased its 2023 earnings guidance on Friday due to the strength of its global energy management and sales business. SVB Depositors Who Lost Their Money Win Court Victory Silicon Valley Bank’s customers in the Cayman Islands weren’t covered by a U.S. deposit guarantee…
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U.S. Stocks Finish Lackluster Session Mostly Higher
Following the mixed performance seen in the previous session, stocks once again turned in a relatively lackluster performance throughout much of the trading day on Thursday but managed to close mostly higher. The Dow showed a notable advance, with the blue chip index climbing 269.76 points or 0.8 percent to 34,122.42 amid strong gains by…
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Micron Earnings, Bank Stress Test Results May Generate Buying Interest
US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move to the upside following the mixed performance seen in the previous session. Early buying interest may be generated in reaction to upbeat earnings news from Micron Technology (MU), as the chipmaker is jumping by…
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North American Morning Briefing: Claims Data, GDP Revision Eyed for More Clues on the Economy
Market Wraps Watch For: 1Q GDP Third Estimate; Weekly Jobless Claims; Jerome Powell participates in a discussion with Bank of Spain Governor at a conference on financial stability; Nike results Today’s Headlines/Must Reads – Jerome Powell Says Bank Failures Underscore Need for Stronger Regulation, Supervision – U.S. Companies Face EU Deforestation Rules on Coffee, Wood…
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US Futures Flat, European Stocks Mixed as Investors Assess Central Banks’ Comments
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average were flat. Changes in futures don’t necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. H&M Hennes & Mauritz B added 10.6% and Ipsen rose 5%. On the…