Category: Market Summary
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Top Company News of the Day: Apple, UAW, Microsoft, Oracle
Apple Counts on Wireless Carriers to Avoid an iPhone Slump AT&T, Verizon and T-Mobile are returning to deep discounts on phones for customers who commit to top-tier plans. UAW Strikes at Plants Owned by GM, Ford, Stellantis The walkouts are the first to hit all three automakers at the same time and affect factories in…
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Arm Soars On Debut On Nasdaq And Reaches Market Capitalization Of $60 billion
Arm Holdings (NASDAQ:ARM) shares rose to an intraday high of up to US$61.99 in their debut this Thursday on the Nasdaq, an increase of more than 21% when considering the Initial Public Offering (IPO) of $51.00, valuing the company around US$60 billion on the stock market. At around 1:20 pm, the company’s shares rose to…
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Keep An Eye Out: Pre-Market Movers And Recommendations
Investors await the release of fresh economic data on Thursday, as Wall Street considers how a faster-than-anticipated measure of consumer price gains may impact future Federal Reserve policy. Elsewhere, debate swirls around the European Central Bank’s own crucial interest rate decision later today, while British semiconductor designer Arm prices its hotly-anticipated initial public offering at…
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Arm Debuts Today On Nasdaq Valued At US$54.5 billion In The Biggest IPO Of The Year
The chip designer Arm will begin trading on Thursday, September 14th, on the Nasdaq stock exchange in New York under the code (NASDAQ:ARM), following a highly successful stock offering that secured a valuation of $54.5 billion, at the top of its target range. This represents a good outcome for Japanese owner SoftBank. Last year, the…
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US Futures Up, European Stocks Mixed as Markets Await ECB Decision
In the U.S. futures for the S&P 500 were up 0.2% 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 0.1% in morning trading. Deliveroo added 7.3% and Adevinta rose 3.9%. On the other hand,…
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U.S. Stocks Close Mixed Following Consumer Price Inflation Data
Stocks showed a lack of direction over the course of the trading session on Wednesday, with the major averages bouncing back and forth across the unchanged line as traders digested a highly anticipated report on consumer price inflation. The major averages eventually ended the session mixed. While the Dow dipped 70.46 points or 0.2 percent…
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Wednesday’s Wall Street Highlights: Apple, Xpeng, GoDaddy, BP, UBS, Nike, and more
US index futures are falling in pre-market trading on Wednesday, a crucial day for markets due to the presentation of US inflation data. This data could impact the Federal Reserve’s decision on monetary policy next week. At 7:07 AM, Dow Jones futures (DOWI:DJI) fell 52 points, or 0.15%. S&P 500 futures were down 0.14% and Nasdaq-100 futures…
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North American Morning Briefing: Stock Futures Slip Ahead of CPI
Market Wraps Watch For: CPI for August; EIA Weekly Petroleum Status Report Today’s Top Headlines/Must Reads: – What to Watch in the CPI Report: Did Inflation Continue to Cool in August? – As OPEC’s Energy Influence Wanes, China’s Minerals Clout Rises – China Denies Ban on Apple’s iPhones Opening Call: Stock futures stalled on Wednesday,…
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US Futures Flat, European Stocks Slip Ahead of US Inflation 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 dropped 0.4% in morning trading. Aviva rose 2.9% and MorphoSys climbed 2.9%. On the other hand, Viaplay Group…
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U.S. Stocks Move Back To The Downside Ahead Of Inflation Data
Stocks attempted to recover from initial weakness on Tuesday but moved back to the downside in the latter part of the session. The major averages all ended the day in negative territory, although the Dow posted a relatively modest loss. The tech-heavy Nasdaq slumped 144.28 points or 1.0 percent to 13,773.61, largely offsetting the strong…