Category: Market Summary
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US Futures Rise, European Stocks Mixed as Shares Track US Debt Ceiling Talks
In the U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average increased 0.2% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.3% in morning trading. arGEN-X rose 4.5% and Sage Group added 3.1%. On the other…
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Dow Pulls Back Sharply On Disappointing Home Depot Results, Debt Ceiling Worries
Stocks moved mostly lower over the course of the trading day on Tuesday, giving back ground after ending Monday’s session mostly higher. The major averages all moved to the downside, with the Dow showing a particularly steep drop. The Dow and the S&P 500 fell to new lows for the session going into the close…
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FTC to Block Amgen’s Acquisition, Home Depot Anticipates Sales Decline, Venture Funds’ Negative Returns
FTC to Block Amgen’s Acquisition The Federal Trade Commission (FTC) is set to block Amgen’s (NASAQ:MAGN) proposed acquisition of Horizon Therapeutics (NASDAQ:HZNP), signaling a renewed effort by antitrust enforcers to prevent mergers in the pharmaceutical industry. According to a person familiar with the matter, the FTC plans to seek an injunction in federal court to…
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Tuesday’s Wall Street Highlights: Retail Sales, Amgen, Activision Blizzard, Capital One and More
Tuesday’s pre-market was marked by a climate of uncertainty in financial markets, with US Index Futures falling. All eyes on Wall Street were focused on an important meeting between Congressional leaders and President Joe Biden, at which the central issue was the US debt ceiling. By 08:30 AM, Dow Jones futures were down 94 points, or…
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EU Approves Microsoft-Activision Merger, New CEO Pay Disclosure, Buffett Bets on Capital One
Asian Equities Advance, Japan’s Topix Climbs Most Asian equities advanced, and Japan’s Topix benchmark (TOPIXI:TOPIX) climbed to its highest level since 1990. The renewed push by Japan’s corporates to increase buybacks and focus on returns is helping boost sentiment, with the Nikkei 225 Stock Average (NIKKEII:NI225) leading gains among Asia’s major benchmarks. Chinese equities on…
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US Futures Slip, European Stocks Mixed
In the U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average decreased 0.2% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.2% in morning trading. Koninklijke Philips rose 4.5% and Rolls-Royce Holdings added 3.1%. On the…
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U.S. Stocks Finish Lackluster Session Mostly Higher
Stocks turned in a relatively lackluster performance for much of the trading session on Monday but managed to end the day mostly higher. The tech-heavy Nasdaq reached its best closing level in well over eight months, while the Dow snapped a five-session losing streak. The major averages all finished the day in positive territory. The…
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Monday’s Wall Street Highlights: Amazon, Oneok, Vice Media, Athenex and more
US Index Futures rebounded on Monday after the Dow Jones and S&P 500 posted second straight weekly losses. Investors are adopting a more optimistic tone as talks progress among US policymakers on a solution to the debt ceiling impasse. By 7:54 AM, Dow Jones futures were up 121 points, or 0.36%. S&P 500 futures were up 0.34%,…
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US Futures, European Stocks Rise
In the U.S., futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average climbed 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.4% in morning trading. Evotec added 3.7% and Valeo rose 3.5%. On the other hand,…
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U.S. Stocks Stage Late-Day Recovery Attempt But Close Modestly Lower
Following the downturn seen in morning trading on Friday, stocks showed a notable recovery attempt in the latter part of the session. The major averages climbed well off their worst levels of the day but still closed in the red. The tech-heavy Nasdaq fell 43.76 points or 0.4 percent to 12,284.74 and the S&P 500…