Category: Latest News
-
US Futures Flat, European Stocks Mixed As Markets Set to Track Corporate Earnings, US Data
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. argenx climbed 31% and Dometic Group rose 11.3%. On the other hand, Tele2…
-
Top Company News of the Day: Novartis, Activision, Evergrande, NBCUniversal, AT&T
Novartis Upgrades Outlook After Strong First Half Novartis said it expected core operating income to grow in the low double digits from a previous expectation of high-single-digit growth, lifted its sales guidance and confirmed its $15 billion share buyback. Berkshire Cuts Activision Stake by 70% to 14.6 Million Shares as Deal Nears Berkshire Hathaway, led…
-
U.S. Stocks Move Mostly Higher, Extending Upward Trend
Following the strong upward move seen last week, stocks saw some further upside during trading on Monday. With the continued advance, the Nasdaq and the S&P 500 once again reached their best closing levels in over a year. The major averages pulled back off their best levels going into the close but remained in positive…
-
Crypto This Monday: Binance Integrates Lightning Network, Crypto Investing in Q2, and More
Binance integrates Lightning Network for fast and cheap Bitcoin deposits Cryptocurrency exchange Binance has announced the integration of the Lightning Network, allowing Bitcoin holders to deposit their assets faster and cheaper. Lightning Network’s base fee is $0.04, while regular deposits reached $30 in May. Furthermore, transactions settle in less than a minute, compared to approximately 10 minutes…
-
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 on Monday, with stocks likely to give back ground following the strong upward move seen last week. Profit taking may contribute to initial weakness on Wall Street after last week’s rally lifted the Nasdaq and the S&P 500 to their…
-
Monday’s Wall Street Highlights: Microsoft, Santander, Tesla, Chewy, and more
US Index Futures and European markets were lower on Monday morning after weaker data from China added to pressure for stimulus on the Asian giant. By 6:57 AM, Dow Jones (DOWI:DJI) futures were down 70 points, or -0.20%. S&P 500 futures were down -0.12%, while Nasdaq-100 futures were down -0.02%. The 10-year Treasury yield is at 3.781%. In…
-
North American Morning Briefing: Disappointing China Data Dents Sentiment
Market Wraps Watch For: Canada Wholesale Trade for May Today’s Top Headlines/Must Reads: – Markets Appear Convinced the Fed Can Pull Off a Soft Landing – Economists Are Cutting Back Their Recession Expectations – Venture Firms Scale Back Megafunds in Strategy Shift – China PBOC Adds Liquidity at Unchanged Policy Rates Opening Call: Stock futures…
-
US Futures Flat, European Stocks Fall After Weak China Data
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average decreased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.4% in morning trading. MorphoSys added 4.5% and Bank of Ireland Group climbed 1.8%. On the…
-
Top Company News of the Day: Whitehaven Coal, Microsoft, Activision, Allbirds
Investors Are Bailing on Cathie Wood’s ARK Fund Once the largest actively managed ETF, the fund has shrunk to roughly $9 billion. Venture Firms Scale Back Megafunds The prolonged startup bear market is forcing some venture firms to unwind investments and scale down expansion plans. Whitehaven Coal Output Rebounds, Net Cash Position Strengthens Whitehaven Coal’s…
-
U.S. Stocks Close Narrowly Mixed Following Recent Rally
Stocks extended their recent rally in early trading on Friday but gave back ground over the course of the session. The major averages pulled back off their highs of the session, with the Nasdaq and the S&P 500 dipping into negative territory. The major averages eventually ended the session narrowly mixed. While the Dow rose…