Category: Market Summary
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North American Morning Briefing: Apple Results Buoy Stock Futures
Market Wraps Watch For: Employment Report for April; Canada Labour Force Survey for April; earnings from AMC Entertainment, Enbridge, Warner Bros. Discovery Today’s Headlines/Must Reads – Is the Fed Done Raising Rates? – Pensions Consider Selling Stocks, Adding Credit – Twitter’s Blue Check Marks Become Polarizing Symbol of Elon Musk’s Tenure – Coinbase Tries Novel…
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Top Company News of the Day: Apple, Regional-Bank, IAG, Air France-KLM
Apple Finds Strength in India as Overall Sales Fall for Second Straight Quarter The company logged strong iPhone growth in places such as India, Indonesia, Latin America and the Middle East, a sign of resilience as the tech giant continues to face economic uncertainty. Regional-Bank Shares Dive as Investors Fret About Contagion PacWest Bancorp and…
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Apple Reports Weaker Sales, Beats Expectations; DoorDash Sales Soar
Apple Reports Weaker Sales for Second Straight Quarter The iPhone maker posted a sales decline as demand has waned for some of its products after reaching record levels during the pandemic. Lyft Grew First-Quarter Revenue During Tumultuous Period The ride-sharing company said its revenue rose and its adjusted earnings fell in the first quarter, as…
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Thursday’s Wall Street Highlights: PacWest, Salesforce, Shell, Moderna and more
On Thursday, US stock futures saw a pullback as investors eyed the Fed’s recent decision, as well as ongoing banking sector stress and Apple’s upcoming earnings release. By 8:07 AM, Dow Jones futures were down 131 points, or -0.39%. S&P 500 futures were down -0.41%, while Nasdaq-100 futures were down 0.15%. On Wednesday, the Dow fell…
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North American Morning Briefing: Muted Start Likely as Banking Worries Mount; Apple Eyed
Market Wraps Watch For: Weekly Jobless Claims; Trade for March; Canada Trade for March; Earnings from Apple, Lyft, Coinbase, ConocoPhilips, Wayfair, Paramount Global, Moderna, Kellogg, Block Today’s Top Headlines/Must Reads: – Scrambling to Avoid Default, White House Weighs Debt-Limit Fallback Options – Corporate Profit Margins Are Finally Stabilizing, Creating New Tailwind for Stocks – Bankrupt…
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Top Company News of the Day: Shell, AB InBev, Volkswagen, PacWest
Shell Earnings Top Views, Details Buyback Shell announced a $4 billion share buyback and reported first-quarter adjusted earnings of $9.7 billion, beating expectations, but falling on quarter due to tax movements and lower prices. AB InBev Earnings Boosted by Revenue Beat AB InBev reported a 14% rise in normalized earnings to $4.8 billion on above-forecast…
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Fed Raises Interest Rates By Another Quarter Point, Hints At Potential Pause
In a widely anticipated move, the Federal Reserve on Wednesday announced its decision to raise interest rates by another quarter point. The Fed decided to raise the target range for the federal funds rate by 25 basis points to 5 to 5.25 percent, making the tenth straight rate hike. The unanimous decision to continue raising…
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U.S. Markets Muted Ahead Of Fed Meeting
After ending the previous session sharply lower, stocks are turning in a relatively lackluster performance during trading on Wednesday. The major averages are showing only modest moves on the day. Currently, the major averages are turning in a mixed performance. While the Dow is down 56.45 points or 0.2 percent at 33,628.08, the S&P 500…
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Wednesday’s Wall Street Highlights: AMD, Starbucks, Yum Brands, CVS Health and Private Payrolls
Main subjects of the day US index futures rose on Wednesday morning, recovering from the eve’s losses, with investors bracing for the Fed’s decision on interest rates. By 8:21 AM, Dow Jones futures were up 60 points, or 0.18%. S&P 500 and Nasdaq-100 futures were up 0.29% each. At 8:28 am, the 10-year Treasury bond yield was trading at 3.413%. The 2-Year Treasury traded…
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Wall Street Set To Open Positive
The Fed’s monetary policy announcement and earnings might be the major focus on Wednesday. On the earnings front, Advanced Micro Devices, Clorox, Ford, and Starbucks are the companies releasing their quarterly results today. Early signs from the U.S. Futures Index suggest that Wall Street might open positive. Asian share finished mixed, while European shares are…