Author: iHub News
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Optimism About Debt Ceiling Deal Contributes To Extended Rally On Wall Street
Following the rally seen during Wednesday’s session, stocks showed another strong move to the upside during trading on Thursday. With the continued advance, the Nasdaq and the S&P 500 reached their best closing levels in about nine months. The major averages reached new highs for the session going into the close of trading. The Nasdaq…
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U.S. Stocks May Lack Direction Following Yesterday’s Rally
US Market The major U.S. index futures are currently pointing to a roughly flat open on Thursday, with stocks likely to show a lack of direction following the rally seen in the previous session. Traders may be reluctant to make significant moves on the heels of the surge seen on Wednesday, which partly reflected optimism…
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Top Company News of the Day: Micron, Amazon, TikTok, Deutsche Bank
Micron Outlines $3.6 Billion Investment With Japan’s Backing The U.S. chip maker’s deal with Tokyo comes at a time of rising tension between Washington and Beijing over chip technology. Amazon’s Cloud Business to Invest More Than $12 Billion in India by 2030 Amazon.com’s cloud-computing business plans to spend $12.81 billion to expand its data-center infrastructure…
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US Futures Flat, European Stocks Rise on US Debt-Ceiling Optimism
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 do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.5% in morning trading. Vistry Group rose 3.8% and alstria office REIT climbed 3.4%. On the…
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U.S. Stocks Rally On Optimism About Debt Ceiling Deal
After ending Tuesday’s session mostly lower, stocks showed a substantial move back to the upside during trading on Wednesday. The Dow bounced off its lowest closing level in over a month, while the tech-heavy Nasdaq reached a nearly nine-month closing high. The major averages moved roughly sideways in the final hour of trading, holding on…
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Futures Pointing To Initial Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to move back to the upside after ending the previous session mostly lower. Optimism lawmakers will eventually reach an agreement on raising the U.S. debt ceiling may generate early buying interest following yesterday’s meeting between President…
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Top Company News of the Day: Tesla, Lyft, Pfizer, Carrier Fire
Elon Musk Teases New Tesla Products While Warning About Economic Challenges Former Tesla tech chief JB Straubel also won a seat on the auto maker’s board at the company’s annual shareholder meeting. Lyft Taps New CFO Amid Layoffs, Soft Earnings Forecast Lyft tapped a new chief financial officer from financial-services firm Charles Schwab in the…
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US Futures Rise, European Stocks Mixed as Shares Track US Debt Ceiling Talks
In the U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average increased 0.2% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.3% in morning trading. arGEN-X rose 4.5% and Sage Group added 3.1%. On the other…
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Dow Pulls Back Sharply On Disappointing Home Depot Results, Debt Ceiling Worries
Stocks moved mostly lower over the course of the trading day on Tuesday, giving back ground after ending Monday’s session mostly higher. The major averages all moved to the downside, with the Dow showing a particularly steep drop. The Dow and the S&P 500 fell to new lows for the session going into the close…
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Disappointing Home Depot Results, Debt Ceiling Worries May Weigh On Wall Street
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 ending yesterday’s lackluster session mostly higher. A negative reaction to quarterly results from Home Depot (HD) may weigh on Wall Street, with the home improvement retailer falling by…