Category: Latest News
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North American Morning Briefing: Nasdaq Futures Retreat as Meta Pulls Back Further
Market Wraps Watch For: Durable Goods, Weekly Jobless Claims, Advance Estimate GDP, EIA Weekly Natural Gas Storage Report, earnings from Altria, Amazon.com, Bristol Myers Squibb, Comcast, Ford, Honeywell, Intel, Mastercard, Merck, Southwest Airlines, UPS Today’s Headlines/Must Reads – Ford Reaches Tentative Labor Deal With UAW Six Weeks Into Historic Strike – What to Watch For…
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US Futures Down, European Stocks Mixed Ahead of ECB Rate Decision
U.S. futures for the S&P 500 were down 0.8% and futures for the Dow Jones Industrial Average declined 0.4%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 1.1% in morning trading. Deutsche Bank rose 8.2% and Sodexo climbed 6.7%. On the other hand, Standard…
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Top Company News of the Day: Standard Chartered, BNP Paribas, Stellantis, Mercedes-Benz
Standard Chartered Profit Slides on Impairments, Costs Standard Chartered’s third-quarter underlying net profit dropped 30%, weighed by higher impairment and operating expenses, but topline growth rose 6% on an improved net interest margin and a strong wealth-management recovery. BNP Paribas Profit Fall Worse Than Expected BNP Paribas reported a lower third-quarter net profit despite revenue…
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U.S. Stocks Move Sharply Lower, Nasdaq Tumbles To Five-Month Closing Low
Stocks managed to finish Tuesday’s session mostly higher but showed a substantial move back to the downside during trading on Wednesday. The tech-heavy Nasdaq led the pullback, plunging to a five-month closing low. The Nasdaq tumbled 318.65 points or 2.4 percent to 12,821.22, reflecting its worst day since February. The S&P 500 also slumped 60.91…
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Crypto This Wednesday: Polygon Launches POL on Ethereum Mainnet, Vodafone and Chainlink Boost Commerce, and More
Bitcoin reaches US$35,000 on Wednesday and bold predictions for the end of 2023 Bitcoin (COIN:BTCUSD) experienced a notable rise last week due to news about ETFs that turned out to be misleading. The fact that the price did not retreat after the news correction suggests that other factors are driving the increase, such as investors seeking…
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Futures Pointing To Mixed Open On Wall Street
US Market The major U.S. index futures are currently pointing to a mixed open on Wednesday, with stocks likely to move in opposite directions after ending the previous session mostly higher. While the Dow futures up by 0.3 percent, the S&P 500 futures down by 0.2 percent and the Nasdaq 100 futures down by 0.5…
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Wednesday’s Wall Street Highlights: Qualcomm, Alphabet, Microsoft, GM, SunPower, and More
US index futures are mixed in Wednesday’s pre-market, influenced by the quarterly results of Microsoft and Alphabet, which set the stage for other major technology companies yet to report their results this week. At 06:51 AM, Dow Jones futures (DOWI:DJI) rose by 39 points, or 0.12%. S&P 500 futures fell by 0.35%, and Nasdaq-100 futures…
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North American Morning Briefing: Google Parent’s Slump Offsets Microsoft Advance
Market Wraps Watch For: New Home Sales, Bank of Canada Rate Decision, EIA Weekly Petroleum Status Report; Earnings from Boeing, Meta, IBM Today’s Top Headlines/Must Reads: – What Can the Fed Do About the Deficit? Nothing – Why the Shine Has Come Off Clean-Energy Stocks – General Motors Finds Itself in a Jam Opening Call:…
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US Futures Down, European Stocks Mixed
U.S. futures for the S&P 500 were down 0.5% 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 dropped 0.1% in morning trading. Uniper added 10% and Billerud rose 9.9%. On the other hand, Nokian Renkaat…
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Top Company News of the Day: Heineken, Deutsche Bank, Santander, Microsoft
Heineken Backs Views Despite Seeing Weaker Demand Heineken reported a third-quarter revenue of EUR8 billion, missing consensus forecast, but backed its 2023 guidance of stable to mid-single digit organic growth in operating profit. Deutsche Bank Anticipates Accelerated Shareholder Returns Deutsche Bank said it anticipated being able to accelerate and expand shareholder returns to 2025 and…