Category: Market Summary

Market Wraps Watch For: ADP National Employment Report for April; ISM Report on Business Services PMI for April; EIA Weekly Petroleum Status Report; Fed interest-rate decision; earnings from Kraft, CVS Health Today’s Headlines/Must Reads – With Fed Set to Raise Rates, Executives Watch Consumers for Signs of Stress – How European Economies Are Finding New…

In the U.S., futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average climbed 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 rose 0.3% in morning trading. Etablissementen Franz Col added 10.6% and UniCredit rose 5.2%. On the…

Stocks moved sharply lower during trading on Tuesday, with the major averages adding to the slim losses posted during Monday’s session. The major averages all showed significant moves to the downside on the day. The major averages recovered from their worst levels of the day but still posted steep losses. The Dow tumbled 367.17 points…

US Market The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to move to the downside following the lackluster performance seen in the previous session. Traders may look to cash in on recent strength in the markets ahead of the Federal Reserve’s monetary policy announcement on…

Market Wraps Watch For: Federal Open Market Committee meeting; Earnings from Pfizer, Ford Motor, Starbucks, Uber Today’s Top Headlines/Must Reads: – How Washington Got On Board With a Big-Bank Deal for First Republic – Tight Supply Fuels Demand for Newly Built Homes – Investors Are Piling Into Actively Managed ETFs – Goldman Sachs CIO Tests…

HSBC Profit Surges in First Quarter on Interest Income, Accounting Gains The bank announced its first quarterly dividend since 2019. BP Profit Slows, but Beats Views BP reported a first quarter underlying replacement cost profit of almost $5 billion, and said it planned to launch an additional $1.8 billion share buyback. First Republic Bank Is…

Following the notable advance seen to close out the previous week, stocks showed a lack of direction throughout much of the trading session on Friday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the session slightly lower. While the Dow dipped 46.46 points or…

JPMorgan, PNC Submit Bids to Buy First Republic in Government-Led Sale The FDIC is expected to name a winning bidder before First Republic opens Monday morning. Astellas Pharma to Buy Iveric Bio The Japanese drugmaker said it agreed to acquire Iveric bio for about $5.9 billion to strengthen its capabilities in the ophthalmology field. SoftBank’s…

After initially showing a lack of direction, stocks moved mostly higher over the course of the trading session on Friday. The major averages extended Thursday’s rally, with the Nasdaq reaching a seven-month closing high, while the Dow and the S&P 500 reached their best closing levels in over two months. The major averages saw further…