Category: Latest News
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Oil Down
Oil prices dropped, pressured by a broader fall in risk assets and despite a rise in Middle East tensions. “While the geopolitical situation is a concern for the oil market, a fairly comfortable oil balance over the first half of 2024 does help to ease some of these worries,” ING said.
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Dollar Hits Two-Week High
The dollar hit a two-week high against a basket of currencies, reflecting a typical pattern of gains in January following losses in December, ING said. “The dollar strength in the early part of the year is often associated with the December tax flows by U.S. corporates being reverted,” it said. The dollar also gained as…
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Stock Futures Extend Losses as FOMC Minutes Awaited
Equity-index futures were lower on Wednesday as investors remained wary ahead of the release of the Federal Reserve’s meeting minutes. Treasury yields continuing to move higher added to the cautious mood. Deutsche Bank said the rebound in yields reflects growing skepticism about the chance of near-term interest rate cuts by the Fed. “Clearly, investors are…
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Wall Street Highlights: Tesla’s Competition with BYD, JPMorgan Stocks Achieve New Records, and More
U.S. index futures show a decline in Wednesday’s pre-market trading, a direct reaction to the performance of the Nasdaq Composite, which faced its most challenging session since October in the previous session. At 05:10 AM, the Dow Jones futures (DOWI:DJI) fell 75 points, or 0.20%. The S&P 500 futures fell 0.25% and the Nasdaq-100 futures…
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US Futures Flat, European Stocks Mixed Amid Risk-Off Bias
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 climbed 0.1% in morning trading. Viaplay Group Series B added 4.5% and A.P. Moeller-Maersk B rose 4.1%. On the…
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Top Company News of the Day: Airbus, Shein, Temu, Fisher Investments
Airbus In Talks to Buy Atos Cybersecurity Unit Airbus is entering due diligence to buy Atos’s cybersecurity unit BDS, with an indicative offer valuing the business at up to $2 billion including debt. Tech’s AI Hangover Might Just Be Getting Started Technology stocks opened the year with a selloff, after artificial-intelligence hype drove big gains…
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Tech Sector Slump Weighs On Wall Street After Apple Downgrade
Stocks moved mostly lower during trading on Tuesday, extending the pullback seen in the final trading session of 2023. The Nasdaq showed a particularly steep drop, reflecting notable weakness among tech stocks. The Nasdaq plunged 245.41 points or 1.6 percent to 14,765.94, continuing to give back ground after ending last Wednesday’s trading at its best…
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Investment Insights: Expert Analyst Opinions on Apple, Chewy, Estee Lauder, Lululemon, Wells Fargo…
Alliant Energy: Barclays downgrades to equalweight from overweight with a price target raised from $50 to $53. Apple: Barclays downgrades to underweight from equalweight with a price target reduced from $161 to $160. Avalonbay Communities: Wolfe Research downgrades to peerperform from outperform. Capital One Financial: Barclays maintains its equalweight recommendation and raises the target price…
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Construction Spending Report Due
The Commerce Department is scheduled to release its report on construction spending in the month of November at 10 am ET. Economists expect construction spending to climb by 0.5 percent in November following a 0.6 percent increase in October.
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Profit Taking, Slump By Apple May Weigh On Wall Street
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to see further downside following the pullback to close out 2023. Profit taking may contribute to initial weakness on the first trading day of the new year, as some traders look to cash in on last year’s substantial…