Category: Latest News
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US Futures Down, European Stocks Mostly Flat as Investors Look to Next Week’s Central Bank Rate Decisions
In the U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average declined 0.3% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. Auto1 Group climbed 4.9% and Uniper rose 3%. On the other…
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Top Company News of the Day: AstraZeneca, Dassault Systems, Meta, GM
AstraZeneca Enters Pact with Cell Therapy Startup AstraZeneca will pay Quell Therapeutics $85 million upfront for it to help develop treatments for autoimmune diseases, and further payments of more than $2 billion for future development and commercial milestones and royalties. Dassault Systems Outlines Midterm Targets; Names New CEO Dassault Systemes forecast double-digit revenue growth and…
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Nasdaq Shows Significant Rebound, S&P 500 Reaches Nine-Month Closing High
Stocks moved mostly higher during trading on Thursday, with the tech-heavy Nasdaq showing a significant rebound following the sharp pullback seen on Wednesday. With the upward move, the S&P 500 reached its best closing level in well over nine months. The major averages ended the day just off their highs of the session. The Nasdaq…
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U.S. Stocks May Show A Lack Of Direction In Early Trading
US Market The major U.S. index futures are currently pointing to a roughly flat open on Thursday, as traders look for more clarity about the outlook for the markets. Traders may be reluctant to make significant moves as they continue to look ahead to next week’s Federal Reserve meeting. The Fed is due to announce…
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North American Morning Briefing: Nasdaq Futures Slip as Rate Rise Fears Weigh
Market Wraps Watch For: Weekly Jobless Claims; Wholesale Inventories for April Today’s Headlines/Must Reads – Forget the Naysayers. Why the Market Can Keep Climbing – Inflation Drags Eurozone Economy Into Recession – It Is Time to Admit It: Bank Regulation Doesn’t Quite Work – SEC’s Gensler Had Crypto in His Sights for Years Opening Call:…
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US Futures Fall, European Stocks Mixed
In the U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average fell 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.1% in morning trading. Oersted rose 5.8% and Evotec climbed 5.4%. On the other hand,…
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Top Company News of the Day: Novartis, Google, GameStop, Serta Simmons
Novartis’s Sandoz Sets Out Post-Spinoff Growth Plan Novartis’s generics unit Sandoz forecast product pipeline net sales of $3 billion over the next five years and a core earnings margin of 18%-19% this year, lower than previously forecast due to inflation and costs. Google Gets Stricter About Employees’ Time in Office The search giant, which asks…
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Nasdaq Pulls Back Sharply But Dow Posts Modest Gain
Following the lackluster performance to start the week, the major U.S. stock indexes moved in opposite directions during trading on Wednesday. While the tech-heavy Nasdaq moved sharply lower, the Dow posted a modest gain. The Nasdaq tumbled 171.52 points or 1.3 percent to 13,104.90 after ending Tuesday’s trading at its best closing level in well…
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Crypto this Wednesday: Circle Singapore Gets License From MAS, Mint Square Shuts Down Services, and More
US hearing to discuss future of cryptocurrencies, regulatory clarity The US House of Representatives Financial Services Committee has scheduled a hearing to discuss the future of cryptocurrencies and bring clarity to the digital asset ecosystem. The aim is to provide regulatory guidance and address critical issues such as investor protection and innovation. The hearing will take place…
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Futures Pointing To Slightly Higher Open On Wall Street
US Market The major U.S. index futures are currently pointing to a slightly higher open on Wednesday, with stocks likely to extend the lackluster performance seen to start the week. A lack of major market-moving catalysts may contribute to another lackluster session as traders continue to look ahead to next week’s Federal Reserve meeting. The…