Author: iHub News
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Traders May Take A Breather Following Last Week’s Rally
US Market The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the rally seen to close out the previous week. Traders may look to take a break to assess the outlook for the markets following the strong upward move…
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North American Morning Briefing: Stock Futures Point to Steady Open; Saudi Cuts Boost Oil
Market Wraps Watch For: Factory Orders for April; May Global Services PMI Today’s Top Headlines/Must Reads: – Wall Street Backs Off Bets on Fed Rate Cuts – Commodities Slide as Investors Bet on Economic Slowdown – Saudi Arabia Cuts Oil Output After OPEC Members Clash Over Quotas – China’s Caixin Services PMI Rose in May…
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US Futures Flat, European Stocks Mixed After Strong U.S. Jobs Data
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average rose 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. Faurecia climbed 7.9% and GN Store Nord added 3.9%. On the other…
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Top Company News of the Day: UBS, American Airlines, Twitter, 3M
UBS to Close Credit Suisse Takeover as Early as Next Week UBS Group said it expects to complete its acquisition of Credit Suisse Group and have the shares of the Swiss peer delisted as early as next week. American Airlines’ Radical Plan to Reinvent Business Travel Work travel isn’t what it used to be-and that’s…
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U.S. Stocks Extend Rally On Jobs Data, Senate Passing Debt Ceiling Bill
Stocks moved sharply higher over the course of the trading day on Friday, adding to the strong gains posted in Thursday’s session. With the continued upward move, the Nasdaq reached its best closing level in well over a year, while the S&P 500 set a new nine-month closing high. The major averages pulled back off…
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Futures Holding On To Gains Following Stronger Than Expected Jobs Data
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 course of the previous session. The futures held on to earlier gains following the release of a Labor Department report showing U.S. employment surged by much more than expected…
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North American Morning Briefing: Stock Futures Rise as Jobs Report Swings Into Focus
Market Wraps Watch For: Employment Report for May Today’s Top Headlines/Must Reads: – Jobs Report Expected to Show Unemployment Still Historically Low – Senate Approves Deal Raising Debt Ceiling, Averting U.S. Default – As China Risks Grow, Manufacturers Seek Plan B-and C and D – Nvidia Is Still a ‘Buy’ on Wall Street Opening Call:…
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US Futures, European Stocks Rise Ahead of Jobs Data
In the U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average increased 0.4% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.4% in morning trading. Dechra Pharmaceuticals added 8.2% and Samhallsbyggnadsbolaget rose 5.5%. On the other…
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Top Company News of the Day: Rio Tinto, Twitter, Disney, Meta
Rio Tinto to Spend $395 Million on Australia Desalination Plant Rio Tinto said it plans to invest in a seawater desalination plant in the Pilbara region of Western Australia, where it runs massive iron-ore mining operations. Twitter’s Top Content Moderation and Safety Executive Leaves Ella Irwin, who declined to discuss her reason for leaving, departed…
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Progress On Debt Ceiling Bill Contributes To Strength On Wall Street
Stocks showed a lack of direction in early trading on Thursday but moved notably higher over the course of the session. With the upward move on the day, the Nasdaq and the S&P 500 reached their best closing levels in over nine months. The major averages pulled back off their highs of the session going…