Category: Latest News

The major U.S. index futures are currently pointing to initial weakness on Wall Street on Wednesday, with stocks likely to come under pressure after ending yesterday’s lackluster session modestly lower. Early selling pressure is likely to be seen on Wall Street amid a negative reaction to the latest corporate earnings news. Shares of Tesla (NASDAQ:TSLA)…

U.S. index futures fell in pre-market trading on Wednesday, impacted by recent financial results from tech giants Tesla and Alphabet. Investors are watching for potential Federal Reserve interest rate changes and market recovery, focusing on upcoming earnings from companies like AT&T, General Dynamics, Ford, and IBM. At 4:55 AM, Dow Jones futures (DOWI:DJI) dropped 180…

Tesla (NASDAQ:TSLA) – Tesla reported adjusted earnings per share of 52 cents, below the expected 62 cents. Revenue was $25.50 billion, surpassing the forecast of $24.77 billion. Automotive sales fell 7%, totaling $19.9 billion. Tesla projects lower growth for 2024 and a focus on cost reduction. Shares fell 7.3% pre-market. Alphabet (NASDAQ:GOOGL) – Alphabet exceeded…

Ethereum spot ETFs debut with high demand and impressive volume Launched on July 23, the new Ethereum Spot ETFs attracted significant interest, with an impressive volume of $120 million in just 15 minutes and $361 million in the first 90 minutes. The Grayscale Ethereum Trust ETF (AMEX:ETHE) led with $147.8 million, followed by BlackRock’s ETF…

The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to move back to the downside following the substantial rebound seen in the previous session. Traders may look to cash in on yesterday’s tech-led rally amid lingering uncertainty about the outlook for the markets. Later in the…

U.S. index futures slightly retreated in pre-market trading on Tuesday as investors prepare for the release of earnings reports from major companies. At 6:17 AM, Dow Jones futures (DOWI:DJI) fell 4 points, or 0.01%. S&P 500 futures lost 0.15%, and Nasdaq-100 futures dropped 0.29%. The 10-year Treasury yield stood at 4.232%. In the commodities market,…

SAP (NYSE:SAP) – The enterprise software developer for management and business processes reported second-quarter revenue of €8.29 billion, above analysts’ estimates of €8.24 billion from LSEG. Adjusted earnings per share were €1.10, slightly above the €1.09 forecast. For the year, SAP reiterated its forecast for adjusted operating profit between €7.6 billion and €7.9 billion. Shares…