Category: Market Summary
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North American Morning Briefing: Caution Dominates Ahead of CPI Print as Debt Ceiling Fears Mount
Market Wraps Watch For: MBA Weekly Mortgage Applications Survey; CPI for April; Real Earnings for April; EIA Weekly Petroleum Status Report; Monthly Treasury Statement of Receipts and Outlays of the U.S. Government for April; Canada Building Permits for March; earnings from Beyond Meat, Disney, Icahn Enterprises, Robinhood Markets, Roblox, Wendy’s Today’s Headlines/Must Reads – Inflation…
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US Futures Rise, European Stocks Mostly Up
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 rose 0.1% in morning trading. Samhallsbyggnadsbolaget rose 13.2% and Alcon added 8.2%. On the other hand,…
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Airbnb’s Bookings Rise, Rivian Narrows Loss
Airbnb’s Bookings Rise Amid Strong Travel Demand The short-term rental company reported revenue of $1.8 billion in the first quarter, up 20% from a year earlier. Rivian stock jumps nearly 6% as EV maker narrows quarterly loss, keeps guidance intact Shares of Rivian Automotive Inc. rose nearly 6% in the aftermarket Tuesday after the electric-vehicle…
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Tuesday’s Wall Street Highlights: Goldman Sachs, PayPal, Palantir, IBM and more
US Index Futures fell ahead of speeches by Federal Reserve members and the publication of inflation data this week, which could provide hints on the outlook for the economy and monetary policy. The mood is also reinforced by an unexpected drop in imports from China. By 8:24 AM, Dow Jones futures were down 103 points, or…
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US Futures Slip, European Stocks Mainly Down
In the U.S., futures for the S&P 500 were down 0.2% 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. Grifols climbed 5.7% and Orkla climbed 5.2%. On the other hand,…
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U.S. Stocks Close Little Changed Following Lackluster Session
Following the significant rebound seen during last Friday’s session, stocks showed a lack of direction over the course of the trading day on Monday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the session narrowly mixed. While the Dow edged down 55.69 points or…
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Monday’s Wall Street Highlights: Berkshire Hathaway, Estée Lauder, AMC, PacWest and more
US index futures operate slightly upwards and without a firm trend, showing difficulty in extending Friday’s gains, given the caution with the situation of the banking system and the effect of monetary tightening on economic growth. By 8:09 AM, futures linked to the Dow Jones Industrial Average were up 103 points, or 0.31%. S&P 500 futures were up…
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Top Company News of the Day: VW, Westpac, Twitter, Ford and Tesla
VW’s New CEO Expected to Replace Management of Ailing Software Unit In his first major restructuring move since becoming chief last year, Oliver Blume is expected to oust Cariad’s leadership after the venture caused delays to new model launches. Westpac First-Half Net Profit Rises 22% Westpac said its first-half net profit rose by 22% on…
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Bargain Hunting, Apple Earnings Lead To Significant Rebound On Wall Street
Stocks moved sharply lower higher during trading on Friday, regaining ground after trending lower over the past several sessions. The major averages all showed significant moves back to the upside, with the Dow bouncing off its lowest closing level in over a month. The major averages pulled back off their best levels going into the…
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Friday’s Wall Street Highlights: Jobs report, Apple, Lyft, Coinbase, Carvana and More
On Friday, US stock futures are higher after four consecutive days of losses, as investors weigh the jobs data and the possibility of an interest rate cut from the Federal Reserve. Also, there was a rebound in regional bank stocks, led by PacWest Bancorp, after a week of losses. Apple’s better-than-expected results also boosted sentiment. By 8:31…