Author: iHub News
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U.S. Markets Muted Ahead Of Fed Meeting
After ending the previous session sharply lower, stocks are turning in a relatively lackluster performance during trading on Wednesday. The major averages are showing only modest moves on the day. Currently, the major averages are turning in a mixed performance. While the Dow is down 56.45 points or 0.2 percent at 33,628.08, the S&P 500…
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U.S. Stocks May Regain Ground Ahead Of Fed Announcement
US Market The major U.S. index futures are currently pointing to a modestly higher open on Wednesday, with stocks likely to regain ground following the sell-off seen in the previous session. Traders may look to pick up stocks at reduced levels on the heels of the steep drop seen on Tuesday, although trading activity may…
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Wall Street Set To Open Positive
The Fed’s monetary policy announcement and earnings might be the major focus on Wednesday. On the earnings front, Advanced Micro Devices, Clorox, Ford, and Starbucks are the companies releasing their quarterly results today. Early signs from the U.S. Futures Index suggest that Wall Street might open positive. Asian share finished mixed, while European shares are…
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North American Morning Briefing: Traders Await Fed, Powell Clues
Market Wraps Watch For: ADP National Employment Report for April; ISM Report on Business Services PMI for April; EIA Weekly Petroleum Status Report; Fed interest-rate decision; earnings from Kraft, CVS Health Today’s Headlines/Must Reads – With Fed Set to Raise Rates, Executives Watch Consumers for Signs of Stress – How European Economies Are Finding New…
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US Futures, European Stocks Rise Ahead of Fed Rate Decision
In the U.S., futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average climbed 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 rose 0.3% in morning trading. Etablissementen Franz Col added 10.6% and UniCredit rose 5.2%. On the…
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Lufthansa Confident On Outlook, Stellantis Backs Targer, BNP Paribas Boosted
Lufthansa Confident on Outlook Despite First-Quarter Miss Lufthansa confirmed its capacity and earnings forecasts for the year, fuelled by an expected strong summer travel season, but reported below-consensus earnings and revenue in the first quarter. Stellantis Backs Targets After Sales Rise Stellantis confirmed its full-year guidance after reporting a 14% rise in revenue in the…
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Looming Fed Decision Contributes To Sell-Off On Wall Street
Stocks moved sharply lower during trading on Tuesday, with the major averages adding to the slim losses posted during Monday’s session. The major averages all showed significant moves to the downside on the day. The major averages recovered from their worst levels of the day but still posted steep losses. The Dow tumbled 367.17 points…
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Futures Pointing To Modestly Lower Open 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 to the downside following the lackluster performance seen in the previous session. Traders may look to cash in on recent strength in the markets ahead of the Federal Reserve’s monetary policy announcement on…
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Shares plummet as Cheg loses subscribers and disappointing second quarter outlook
Chegg (NYSE:CHGG), a leading US online education platform, reported a decline in the number of subscribers to subscription services in its first-quarter earnings report on Monday, and lowered its second-quarter forecast from analysts’ expectations. The announcement caused the stock to plummet in after-hours trading. “As artificial intelligence technology continues to advance at a rapid pace,…
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North American Morning Briefing: Stock Futures Dip As Fed Decision Looms
Market Wraps Watch For: Federal Open Market Committee meeting; Earnings from Pfizer, Ford Motor, Starbucks, Uber Today’s Top Headlines/Must Reads: – How Washington Got On Board With a Big-Bank Deal for First Republic – Tight Supply Fuels Demand for Newly Built Homes – Investors Are Piling Into Actively Managed ETFs – Goldman Sachs CIO Tests…