Category: Latest News
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Wednesday’s Wall Street Highlights: Western Alliance, Morgan Stanley, ASML, Tesla and more
Main subjects of the day US stock futures fell on Wednesday as investors digested double-digit inflation in the UK that triggered government bond sales, and the latest batch of quarterly earnings. By 8:39 AM, Dow Jones futures were down 122 points, or -0.36%. S&P 500 and Nasdaq-100 futures fell -0.63% and -0.85%, respectively. Treasury yields soared…
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Futures Pointing To Initial Weakness On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to move to the downside after ending the previous session narrowly mixed. Ongoing concerns about the outlook for interest rates and the global economy may weigh on the markets to start the session. Negative sentiment may…
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European Midday Briefing: Hot UK Inflation Print Drags on Stocks
Market Wraps Stocks: European stocks were mostly lower on Wednesday as investors focused on another hot U.K. inflation print that will likely support the case for further Bank of England interest rate rises. Annual inflation fell to 10.1% in March from 10.4% in February, but it was above the 9.8% expected by analysts in a…
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US Futures Fall, European Stocks Mostly Down
In the U.S., futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average fell 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.3% in morning trading. Worldline rose 5.4% and THG climbed 3.5%. On the other hand,…
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Netflix’s Mixed Revenue Results, Goldman’s Profit Fall, Tesla Cuts Model Prices Again
Netflix’s Mixed Revenue Results Netflix (NASAQ:NFLX) reported Q1 2023 revenues of $8.16bn, a 4% YoY rise, beating analysts’ estimates, but its Q2 estimate of $8.24bn was less than the $8.47bn expected by Wall Street analysts. The news initially caused a 10% drop in Netflix shares during after-hours trading, but they later recovered. The company also…
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UK Inflation Rate Worries, EU’s Record Gas Storage, Airline Industry Recovery Signs
UK Inflation Rate Worries The annual inflation rate in the UK remained in double digits in March, reaching 10.1%, raising concerns of further interest rate hikes by the Bank of England. Despite a drop in petrol and diesel prices, the costs of food, recreation, and culture caused consumer price inflation to remain high. The previous…
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Top Company News of the Day: ASML, Telecom Italia, Twitter, Fox
ASML Sees Good Overall Demand ASML said first-quarter net sales and gross margin beat guidance as it forecast 2023 sales growth of over 25% compared with 2022, and despite some mixed signals on demand, overall demand still exceeded its capacity for this year. Telecom Italia Gets New Bids From Network-Assets Suitors Telecom Italia said it…
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Crypto Daily: Nike Launches “Our Force 1” NFTs, Luno Leaves Singapore, Nuvei’s FTX Engagement, and More
Nike launches digital sneaker collection Months after the debut of the Swoosh platform, Nike (NYSE:NKE) is dropping its first NFTs there. The Our Force 1 (OF1) collection will consist of Non-Fungible Tokens (NFTs) of Polygon virtual shoes designed to honor the iconic Nike Air Force 1 shoe with over 40 years of history. Two types will be…
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Tuesday’s Wall Street Highlights: Goldman Sachs, Bank of America, J&J, Apple and more
Main subjects of the day US stock futures were higher in premarket Tuesday, buoyed by first quarter earnings from J&J and Bank of America, which suggested companies are doing better than feared in this challenging economic environment. At 08h12, Dow Jones futures gained 37 points, or +0.11%. S&P 500 and Nasdaq-100 futures were up 0.40% and…
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Tuesday’s Top Analyst Upgrades Downgrades: Block, Hasbro, McDonald’s, Pioneer Natural Resources, Tyson Foods, Warner Bros Discovery and More
The futures traded lower in what will be a busy week for economic data on Wall Street. The major indexes finished Monday mixed, with the tech-heavy Nasdaq the only loser on the day, and barely one at that. It was down just 0.03% to close at 12,804. Top strategists will be watching closely as the…