Category: Latest News
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Dow Snaps Four-Day Winning Streak But Nasdaq, S&P 500 Edge Slightly Higher
After moving sharply higher over the past few sessions, stocks turned in a relatively lackluster performance during trading on Thursday. The major averages spent most of the session modestly below the unchanged line but ended the day narrowly mixed. The Dow climbed well off its worst levels of the day in late-day trading but still…
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Crypto This Thursday: SEC Delays Hashdex, Grayscale ETFs, Binance Thailand Launch, and More
Bitcoin faces a retreat after Wall Street opening Bitcoin (COIN:BTCUSD), with a price of $36,407 in the last 24 hours, experienced a significant drop after the opening of Wall Street on November 16, repeating past price movement trends. There was a reduction of over $1,000 in a day, following previous patterns of lows and sell-offs.…
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Negative Reaction To Walmart, Cisco Earnings May Weigh On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to extend the substantial rally seen in the previous session. The markets may continue to benefit from optimism about the outlook for interest rates following yesterday’s tamer than expected consumer price inflation data. Potentially adding to…
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Stocks Slip Before the Open as Weak Earnings Weigh on Sentiment, U.S. Economic Data and Fed Speak in Focus
Today, all eyes are focused on the U.S. Philadelphia Fed manufacturing index in a couple of hours. Economists, on average, forecast that the November Philadelphia Fed manufacturing index will come in at -9.0, compared to the previous value of -9.0. U.S. Export and Import Price Indexes for October will also be in focus today. Economists…
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US Weekly Jobless Claims Rise More Than Expected
The number of Americans filing new claims for unemployment benefits exceeded expectations last week, indicating that labor market conditions continued to show signs of easing. This development could potentially support the Federal Reserve’s efforts to combat inflation. For the week ending November 11, initial claims for state unemployment benefits increased by 13,000 to a seasonally…
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Thursday’s Wall Street Highlights: Intel, Toyota, Catalent, Palo Alto Networks, Cisco, and more
In Thursday’s pre-market, United States index futures show mixed behavior, influenced by positive economic data that suggest a possible end to the monetary tightening cycle by the Federal Reserve. Investors are also analyzing recent corporate earnings and the implications of the meeting between Joe Biden and Xi Jinping for the markets. At 6:28 am, Dow…
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North American Morning Briefing: Stock Futures Hold Near Two-Month Highs
Market Wraps Watch For: Weekly Initial Jobless Claims; October Import Price Index; Philadelphia Fed Business Outlook Survey; Industrial Production & Capacity Utilization; EIA Weekly Natural Gas Storage Report; Canada Housing Starts; Fedspeak from Mester, Williams, Barr, and Cook; Earnings from Macy’s, Walmart, Warner Music Today’s Top Headlines/Must Reads: – Squeezed Property Owners Put Their Faith…
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US Futures Down, European Stocks Mixed
U.S. futures for the S&P 500 were down 0.1% 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 declined 0.1% in morning trading. Orpea climbed 33.3% and Siemens rose 5.7%. On the other hand, HelloFresh sunk…
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Top Company News of the Day: Lenovo, China Huarong, Tata Technologies, Wuxi XDC, Cisco
Lenovo’s Profit Falls, But Tops Consensus Lenovo Group’s net profit fell 54% in its fiscal second quarter due to a high base in the same period last year when market conditions were more favorable. China Huarong to Buy Stake in Citic for Over $1.7 Billion State-owned China Huarong Asset Management has agreed to buy a…
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U.S. Stocks Move Modestly Higher, Adding To Yesterday’s Substantial Gains
Following the substantial rally seen in the previous session, stocks saw some further upside during trading on Wednesday. The major averages fluctuated over the course of the session but managed to end the day modestly higher. The Nasdaq inched up 9.45 points or 0.1 percent to a three-month closing high of 14,103.84, and the S&P…