Category: Latest News
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Wednesday’s Wall Street Highlights: Spirit AeroSystems, Upstart, Toast, Upwork, Take-Two, Sleep Number, and more
U.S. index futures signal a muted opening in Wednesday’s pre-market as investors assess the impact of the recently released inflation rate in Germany and review corporate earnings results. The market is on hold, awaiting remarks from Jerome Powell, the Federal Reserve Chairman, which could provide new clues on the direction of monetary policy. As of…
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North American Morning Briefing: Stock Futures Tread Water With More Fed Speakers Eyed
Market Wraps Watch For: Wholesale Inventories for September; Canada Building Permits for September; Fed speak from Jerome Powell, John Williams, Michael Barr, Phillip Jefferson; Earnings from Disney, Warner Bros, Lyft Today’s Top Headlines/Must Reads: – China Is Becoming a Problem for Investors – We’re Producing Too Much Coal, Oil and Gas, Report Says – Same…
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US Futures Flat, European Stocks Slip
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 fell 0.3% in morning trading. Auto1 Group climbed 10.8% and Marks & Spencer Group rose 8.8%. On the…
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Top Company News of the Day: Bayer, Gilead Sciences, Rivian, EBay
Bayer Mulls Possible Split of Crops or Consumer Health Bayer CEO Bill Anderson said he is looking at various structural options for the company but ruled out splitting the group into three businesses. Gilead Sciences Results Beat Estimates Company reported net income of $2.18 billion, or $1.73 a share, compared to $1.79 billion, or $1.42…
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Dow, S&P 500 Reach Best Closing Levels In Well Over A Month
Stocks moved mostly higher over the course of the trading day on Tuesday, extending the upward trend seen over the past several sessions. With the continued advance, the Dow and the S&P 500 reached their best closing levels in well over a month. The major averages pulled back off their best levels going into the…
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Crypto This Tuesday: ORDI Skyrockets 72% Post-Binance Listing, Ava Labs Trims Workforce, and More
Evidence of altseason and recovery in the cryptocurrency market The cryptocurrency market is beginning to rebound after turbulence, such as the FTX incident. Experts like Fernando Pereira from Bitget predict an advance, particularly in altcoins. “One of my favorite indicators for identifying an altseason (a market moment when altcoins appreciate more than BTC) is the…
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Profit Taking May Contribute To Initial Pullback On Wall Street
US Market The major U.S. index futures are currently pointing to a modestly lower open for the markets on Tuesday, with stocks likely to give back ground after trending higher over the past several sessions. Traders may look to cash in on the recent strength in the markets, which partly reflected optimism that the Federal…
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September Trade Deficit Widens as Imports Outpace Exports
The US international trade deficit widened to $61.54 billion in September from a $58.66 billion gap in August, a wider deficit than the $59.8 billion gap expected in a survey compiled by Bloomberg as of 7:40 am ET. Both exports and imports increased, with the imports increasing faster. Imports of industrial supplies, capital goods, auto…
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Tuesday’s Wall Street Highlights: WeWork, UBS, Sanofi, Alteryx, Intel, and more.
U.S. index futures point to a negative opening this Tuesday, signaling a cautious reaction from investors to recent mixed corporate earnings and unfavorable economic indicators coming from Europe. The market also remains in anticipation of insights from Federal Reserve members and the impending release of American trade balance data, elements that may provide additional direction…
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North American Morning Briefing: Higher Bond Yields Weigh on Sentiment
Market Wraps Watch For: International Trade for September; Canada Trade for September; Earnings from Uber Technologies Today’s Top Headlines/Must Reads: – Big Banks Cook Up New Way to Unload Risk – China’s Exports Tumble Again in Fresh Sign of Economic Trouble – EV Makers Turn to Discounts to Combat Waning Demand Opening Call: Stock futures…