Category: Market Summary
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US Futures Mixed, European Stocks Fall Amid US Debt Ceiling Uncertainty
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average declined 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.3% in morning trading. Trelleborg Series B rose 4.9% and Orron Energy climbed 4.3%. On the…
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U.S. Stocks Close On Mixed Note After Lackluster Session
U.S. stocks turned in a mixed performance on Monday with technology shares outperforming the broad market. Investors largely refrained from making significant moves as they awaited updates on debt ceiling negotiations. President Joe Biden and House Speaker Kevin McCarthy, R-Calif., are due to hold talks on raising the debt ceiling this evening. Treasury Secretary Yellen…
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US Debt Ceiling Talks Continue, China Protests G7’s ‘Anti-China Workshop’, Israel Raises Interest Rates
China Protests G7’s ‘Anti-China Workshop’ China’s vice foreign minister summoned the Japanese ambassador to protest against what he described as collusion between Japan and the G7 to “smear and attack China.” The state-backed tabloid, Global Times, criticized the G7 summit hosted by Japan as an “anti-China workshop.” During the summit, the G7 condemned China’s activities…
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China Bans Micron, Ryanair Exceeds Profit Expectations, Meta Fined €1.2bn by EU
China Bans Micron China’s Cyberspace Administration announced a ban on operators of key infrastructure from purchasing products from US chipmaker Micron Technology (NASDAQ:MU), citing “serious network security risks.” The move marks China’s first major action against an American semiconductor group, with Micron identified as posing risks to the country’s critical information infrastructure supply chain. Ryanair…
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Monday’s Wall Street Highlights: Meta, Micron, Ford, Hepion, Ryanair and more
US Index Futures were broadly flat on Monday as traders watched talks on the US debt ceiling. By 7:49 AM, Dow Jones futures were up 8 points, or 0.03%. S&P 500 futures were down 0.01%, while Nasdaq-100 futures were down 0.06%. The 10-year Treasury yield was at 3.68%. West Texas Intermediate crude rose 0.21% to settle at $71.70…
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US Futures Down, European Stocks Mixed as Focus Remains on US Debt-Ceiling
In the U.S. futures for the S&P 500 were down 0.1% 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 climbed 0.1% in morning trading. IWG added 3.2% and Wizz Air Holdings rose 2.9%. On the…
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U.S. Close Modestly Lower After Seeing Early Strength
After an early move to the upside, stocks moved mostly lower over the course of the trading session on Friday. The major averages pulled back off their early highs and into negative territory after moving sharply higher over the two previous sessions. The Nasdaq and the S&P 500 reached nine-month intraday highs in early trading…
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BoA Warns of Tech Bubble, Foot Locker Stock Plunges, Deere Raises Profit Outlook
BoA Warns of Tech Bubble Michael Hartnett, a strategist at Bank of America Corp.(NYSE:BAC), has reiterated his recommendation to sell US stocks, citing concerns about a bubble forming in the tech and artificial intelligence sectors. Hartnett also believes that the Federal Reserve’s rate hikes may not be complete, and rising bond yields pose a risk.…
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Friday’s Wall Street Highlights: Disney, Occidental Petroleum, Alibaba, Farfetch and more
The US Index Futures point to a slight increase and are still trying to extend yesterday’s gains, when optimism prevailed with the signs of progress in negotiations on raising the debt ceiling in the United States. By 6:46 AM, Dow Jones futures were up 34 points, or 0.10%. S&P 500 futures were up 0.11%, while Nasdaq-100…
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Stocks Rise Amid Debt-Ceiling Deal Talks, Japanese “Digital Deficit” Weighs on Yen, Disney Cancels Florida Campus Plan
Stocks Rise Amid Debt-Ceiling Deal Talks Stocks made gains on Thursday following House Speaker Kevin McCarthy’s announcement that the House of Representatives could vote on a debt-ceiling deal as early as next week. The S&P 500 (SPI:SP500) rose by 0.9%, reaching its highest level since August 25. The Nasdaq Composite NASDAQI:NDX) increased by 1.5%, while…