Category: Latest News
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Futures Pointing To Modestly Higher Open On Wall Street
US Market The major U.S. index futures are currently pointing to modestly higher open for the markets on Tuesday, with stocks likely to extend the significant rebound seen in the previous session. Bargain hunting may contribute to continued strength on Wall Street, as stocks remain at relatively reduced levels even after yesterday’s rally. However, traders…
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
Pre-Market U.S. Stock Movers Pinterest Inc (NYSE:PINS) soared over +16% in pre-market trading after the company reported upbeat Q3 results. NVIDIA Corporation (NASDAQ:NVDA) fell about -0.5% in pre-market trading following a report by the Wall Street Journal, which indicated that the latest U.S. export restrictions on high-end chips could potentially lead the company to cancel…
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Caterpillar’s Profit Surges Amidst Strong Demand for Construction Equipment
On Tuesday, Caterpillar (NYSE:CAT) reported an increase in third-quarter earnings, driven by robust infrastructure investments in key markets that spurred demand for its premium construction equipment. Before the market opened on Tuesday, the company’s shares were up by 3.3%. The demand for heavy machinery has been on the upswing as the United States undertakes significant…
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Pfizer Swings to Q3 Adjusted Loss, Revenue Falls
On Tuesday, Pfizer (NYSE:PFE) announced its first quarterly deficit since 2019, attributing it primarily to charges associated with its COVID-related products, including the antiviral treatment Paxlovid and the Comirnaty vaccine, which it developed in collaboration with BioNTech. For the third quarter, the company reported a Q3 adjusted loss Tuesday of $0.17 per diluted share, swinging…
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Pre-Bell Ahead of More Corporate Earnings; Asia Mixed, Europe Strong
US stock futures continued their upward trajectory ahead of Tuesday’s opening bell, with investors closely monitoring the latest financial results from several major corporations. Futures for the Standard & Poor’s 500 rose by 0.2%, the Dow Jones Industrial Average gained 0.4%, and the Nasdaq saw a modest 0.1% increase during premarket trading. Meanwhile, Asian exchanges…
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Tuesday’s Wall Street Highlights: Pinterest, BP, Wolfspeed, Arista, Lattice, Pfizer and more
US Index Futures are posting gains on Tuesday, the last day of the month, as Wall Street seeks to sustain the momentum observed in the previous session. At 06:55 AM, Dow Jones futures (DOWI:DJI) rose 105 points, or 0.32%. S&P 500 futures gained 0.22%, and Nasdaq-100 futures rose 0.03%. The yield on 10-year Treasury bonds…
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North American Morning Briefing: Lower Treasury Yields Support Sentiment
Market Wraps Watch For: Employment Cost Index for 3Q; S&P CoreLogic Case-Shiller Home Px Index for August; Chicago Business Barometer — ISM-Chicago Business Survey — Chicago PMI for October; Conference Board — Consumer Confidence for October, Canada GDP for August; Earnings from Caterpillar, GE HealthCare Technologies, Pfizer Today’s Top Headlines/Must Reads: – Workers Keep Getting…
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Stellantis Revenue Rose 7% in Q3, Sees US Strike Impact Of 3 Billion Euros
Stellantis (NYSE: STLA) reported a third-quarter net revenue of 45.14 billion euros ($ 47.82 billion) on Tuesday, surpassing the previous year’s 42.10 billion euros. Four analysts surveyed by Capital IQ had expected 43.75 billion euros. During the quarter, the company recorded consolidated shipments of approximately 1.4 million units, compared to about 1.3 million in the…
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US Futures Mixed, European Stocks Rise
U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average rose 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.2% in morning trading. Wartsila rose 18.1% and Bouygues added 4.9%. On the other hand, BP PLC…
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Top Company News of the Day: AB InBev, X, Samsung, Apple
AB InBev Backs Views Despite Third-Quarter Miss Anheuser-Busch InBev backed its full-year guidance after third-quarter earnings missed market forecast as volumes fell 3.4%, with drops in North America offsetting rises in other areas. X Offers Employees Stock Grants Valuing the Company at $19 Billion Elon Musk previously said he sees a clear, but difficult, path…