Category: Market Summary
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US Futures, European Stocks Edge Up
U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average climbed 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.3% in morning trading. TUI rose 6.6% and Idorsia added 6.6%. On the other hand, Merck slipped…
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Major Averages Finish Lackluster Session Narrowly Mixed
After recovering from an initial move to the downside, stocks showed a lack of direction over the course of the trading session on Tuesday. The major averages spent the day bouncing back and forth across the unchanged line before closing narrowly mixed. While the tech-heavy Nasdaq rose 44.42 points or 0.3 percent to 14,229.91, the…
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Moody’s Reassesses China, GitLab Exceeds Estimates, Twilio Plans Major Layoffs, and More
U.S. index futures are falling in the pre-market on Tuesday as investors eagerly await the first in a series of labor data. These numbers are likely to influence the atmosphere surrounding the Federal Reserve meeting scheduled for next week. At 05:20 AM, Dow Jones futures (DOWI:DJI) dropped 64 points, or 0.18%. S&P 500 futures declined…
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US Futures Slip, European Stocks Mixed Ahead of Economic Data
U.S. futures for the S&P 500 were down 0.2% 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 was flat in morning trading. Ericsson B rose 8.7% and ams-OSRAM climbed 5%. On the other hand, Nokia…
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U.S. Stocks Finish The Day In The Red But Well Off Early Lows
Stocks showed a notable move to the downside in early trading on Monday, giving back ground after turning in a strong performance last Friday. The major averages subsequently climbed well off their worst levels but still ended the day in negative territory. The Nasdaq slid 119.54 points or 0.8 percent to 14,185.49 and the S&P…
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Alaska Air Acquires Hawaiian Holdings, Spotify Cuts 1,500 Jobs, Uber’s S&P 500 Entry, and More
U.S. index futures are down in Monday’s pre-market trading, reversing some of last week’s gains. This comes amidst growing bets that the Federal Reserve will keep interest rates unchanged at the upcoming monetary policy meeting and initiate a decline next year. Despite efforts by Fed Chairman Jerome Powell to discourage expectations of rate cuts, stating…
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US Futures Slip, European Stocks Mixed
U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average declined 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.1% in morning trading. alstria office REIT rose 7.9% and Rolls-Royce Holdings added 3.6%. On the other…
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U.S. Stocks Move Mostly Higher, Dow, S&P 500 Reach Best Closing Levels Since Early 2022
Stocks moved mostly higher over the course of the trading session on Friday, with the major averages all climbing firmly into positive territory after showing a lack of direction early in the session. The Dow and the S&P 500 reached their best closing levels since early 2022, while the tech-heavy Nasdaq ended the day at…
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Alibaba, Dell, Elastic, Tesla and more stocks to watch
U.S.-listed shares of Alibaba were down 1.3% after the company was downgraded to Equal Weight from Overweight by Morgan Stanley and the price target was reduced to $90 from $110. Dell Technologies reported adjusted third-quarter earnings that beat forecasts but lower-than-expected revenue on weak demand. Shares fell 4.1%. Elastic rose 20% after the company reported…
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US Futures Flat, European Stocks Gain Ahead of Regional PMI Data and US Federal Reserve Chair’s Speech
U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average climbed 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.5% in morning trading. Signify rose 6% and Orpea added 3.8%. On the other hand, Viaplay Group Series…