Category: Market Summary
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Global Banks Shift to Eurozone, Ikea Invests Big in US, AT&T’s Postpaid Phone Slowdown
Ikea Invests Big in US Ikea is investing €2bn into the US market, its largest investment in a single country. The company plans to open eight new large stores and nine smaller planning studios and order points over the next three years. By doing so, Ikea hopes to take advantage of the current economic downturn…
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Renault Warns Against Reducing EV Prices, Bed Bath & Beyond Prepares for Bankruptcy
Mixed Earnings Affect Stocks European stocks showed a slight decrease while US equity futures declined as investors analyzed mixed corporate earnings and reviewed the most recent assessment of the US economy for hints about the path for interest rates. The Stoxx Europe 600 (STOXX:SSXP) saw a boost in banking stocks, but autos experienced a decline,…
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US Futures, European Stocks Fall With Focus on Earnings
In the U.S., futures for the S&P 500 were down 0.4% and futures for the Dow Jones Industrial Average fell 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.1% in morning trading. THG rose 10.7% and Husqvarna Series B added 5.2%. On the…
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Tesla Earnings Dented by Price Cuts, IBM stock ticks higher on earnings beat
Tesla Earnings Dented by Price Cuts Tesla Inc. (NASDAQ:TSLA) reported a 24% decline in first-quarter profit after a wave of price cuts dented the electric-vehicle maker’s bottom line. IBM stock ticks higher on earnings beat IBM (NYSE:IBM) shares ticked higher in the extended session Wednesday after Big Blue topped earnings estimates. Fox Has Settled One…
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Morgan Stanley’s Profit Declines, Sega Acquires Angry Birds, Merck’s $10.8 Billion Acquisition
US Equities Decline on Mixed Earnings US equity futures declined while bond yields rose on Wednesday as traders analyzed the most recent corporate earnings reports against the background of another high inflation print from one of the world’s major economies. The rates-sensitive Nasdaq 100 (NASDAQI:NDX) fell 0.8%, and the S&P 500 (SPI:SP500) was down 0.6%.…
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Wednesday’s Wall Street Highlights: Western Alliance, Morgan Stanley, ASML, Tesla and more
Main subjects of the day US stock futures fell on Wednesday as investors digested double-digit inflation in the UK that triggered government bond sales, and the latest batch of quarterly earnings. By 8:39 AM, Dow Jones futures were down 122 points, or -0.36%. S&P 500 and Nasdaq-100 futures fell -0.63% and -0.85%, respectively. Treasury yields soared…
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Netflix’s Mixed Revenue Results, Goldman’s Profit Fall, Tesla Cuts Model Prices Again
Netflix’s Mixed Revenue Results Netflix (NASAQ:NFLX) reported Q1 2023 revenues of $8.16bn, a 4% YoY rise, beating analysts’ estimates, but its Q2 estimate of $8.24bn was less than the $8.47bn expected by Wall Street analysts. The news initially caused a 10% drop in Netflix shares during after-hours trading, but they later recovered. The company also…
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Netflix Gains 1.75M Subscribers, Boeing Stock Jumps
Netflix Gains 1.75 Million Subscribers, Axes DVD-Rental Business The streaming service ended the first quarter with 232.5 million customers and said a password-sharing crackdown in the U.S. would be coming soon. Fox to Pay $787 Million to Settle Dominion’s Defamation Lawsuit The settlement averts a trial on the voting-machine company’s allegations that it was defamed…
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Upbeat Earnings News May Lead To Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to add to the modest gains posted in the previous session. The upward momentum on Wall Street partly reflects a positive reaction to the latest batch of corporate earnings news. Shares of Bank of America (BAC)…
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US Futures Flat, European Stocks Rise Amid Focus on Earnings, Fed Rates
In the U.S., futures for the S&P 500 were flat 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 grew 0.3% in morning trading. Polymetal International added 7.7% and Demant rose 6.6%. On the other hand,…