Category: Market Summary
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Thursday’s Wall Street Highlights: Nvidia, Best Buy, Palantir, Snowflake and more
US Index Futures are upbeat for a possible solution to the U.S. debt ceiling impasse, with S&P 500 futures posting a one-week high and technology stocks soaring after chipmaker Nvidia Inc. issued a bright revenue forecast. Dow Jones Industrial Average futures fell after Fitch Ratings placed top-rated US bonds on negative watch due to stalled talks…
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North American Morning Briefing: Nvidia Surge Boosts Nasdaq Futures
Market Wraps Watch For: 1Q 2nd estimate GDP; Unemployment Insurance Weekly Claims; Weekly Export Sales; Pending Home Sales; EIA Weekly Natural Gas Storage Report; Federal Reserve Bank of Kansas City Survey of Tenth District Manufacturing; Federal Discount Window Borrowings; Fed speakers include Tom Barkin, Susan Collins; earnings from Best Buy, Costco, Gap, Medtronic, Workday Today’s…
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US Futures Mixed, European Stocks Fall as As US Debt Ceiling Talks Continue
In the U.S. futures for the S&P 500 were up 0.5% 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 declined 0.1% in morning trading. BE Semiconductor Inds climbed 6.9% and ASM International rose 6.6%. On…
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Nvidia Shares Surge 20% as 2Q Outlook Blows Past Estimates
Nvidia Poised for Record Sales as As AI Demand Kicks In The graphics-chip giant forecast a strong revenue bounce back for the current quarter, driven by growing appetite for generative AI technology. Snowflake slashes forecast, stock slumps after earnings Shares of Snowflake were sinking 12% in after-hours trading Wednesday after the data-software company cut its…
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Wednesday’s Wall Street Highlights: Uber, Lordstown Motors, Bank of Nova Scotia and more
US Index Futures fell on Wednesday, extending the previous trading session’s slump, as little sign of progress in talks on raising the US debt ceiling added to the uncertainty. The climate is also justified by the caution before the release of the minutes of the last US monetary policy decision, which may affect expectations about the…
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North American Morning Briefing: Stock Futures Dip as Debt-Ceiling Doubts Linger
Market Wraps Watch For: MBA Weekly Mortgage Applications Survey; EIA Weekly Petroleum Status Report; FOMC meeting minutes published; Canada Quarterly financial statistics for enterprises; earnings from Analog Devices, Abercrombie & Fitch, Kohl’s, Nvidia Today’s Headlines/Must Reads – For Banks, Debt-Ceiling Drama Doesn’t End With a Deal – Spending Fight Is Main Event in Debt-Ceiling Talks…
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US Futures, European Stocks Down as Focus Remains on US Debt Ceiling
In the U.S. futures for the S&P 500 were down 0.2% 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 fell 0.9% in morning trading. Marks & Spencer Group rose 7.7% and Sinch added 6.2%. On…
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Stocks Close Notably Lower As Debt Ceiling Talks Make No Significant Progress
U.S. stocks ended notably lower on Tuesday after staying weak right through the day’s session due to sustained selling at several counters. A lack of significant progress in U.S. debt ceiling negotiations weighed on sentiment. Traders largely shrugged off data showing fairly sharp growth in the nation’s private sector activity. The major averages all ended…
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Tuesday’s Wall Street Highlights: PacWest, Yelp, Oracle, Lowe’s and more
US Index Futures had a flat open, with indexes hovering just below the flat line as the market focused on budget disputes in Washington. By 6:40 AM, Dow Jones futures were down 21 points, or 0.06%. S&P 500 futures were down 0.02%, while Nasdaq-100 futures were down 0.02%. The 10-year Treasury yield was at 3.746%. West Texas Intermediate…
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North American Morning Briefing: Stock Futures Lower As Debt-Ceiling Fight Continues
Market Wraps Watch For: New Home Sales for April; S&P flash services and manufacturing purchasing manager indices for May Today’s Top Headlines/Must Reads: – Biden, McCarthy Hold ‘Productive’ Meeting but No Debt-Ceiling Deal Yet – Debt-Ceiling Fight Sends Investors Hunting for New Havens – Biden Can’t Win in Debt-Ceiling Fight – Yield-Curve Pioneer Says This…