Category: Market Summary
-
U.S. Stocks Move Mostly Higher Following Early Volatility, FOMC Next Week
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…
-
Friday’s Wall Street Highlights: Exxon Mobil, Amazon, Intel, and PCE
US stock futures fell on Friday as investors reacted to the latest quarterly results, lingering inflationary pressures, and Treasury bonds advanced. Amazon’s earnings beat estimates but put the brakes on tech optimism after investors were rattled by talk of slowing cloud growth. Pinterest issued a weak outlook for the current quarter, and Snap Inc missed Q1…
-
Intel Records Its Worst Quarterly Loss, Snapchat’s Sales Drop
Mercedes-Benz Profit Boosted by Top-End Models, Pricing Mercedes-Benz posted underlying earnings of EUR5.5 billion for the year, in line with preliminary figures released last week, and maintained its overall guidance for 2023. Remy Cointreau Sees Flat Sales Growth Remy Cointreau said it expected a sharp sales decline in the first half of fiscal 2024, due…
-
Amazon beats sales expectations, Snap falls 20% on revenue miss
Amazon Sees Surging Growth After Postpandemic Slowdown The company’s first-quarter sales increased by 9% year-over-year to $127.4 billion, beating Wall Street projections. It posted $3.2 billion in quarterly profit, almost 50% higher than analysts expected. Intel Suffers Largest-Ever Loss Amid PC Slump, Fierce Competition The chip maker has embarked on cutting costs while pursuing a…
-
Wall Street Highlights for Thursday: Meta Platforms, Amazon, Disney, Eli Lilly and more
Main subjects of the day US stock futures rose on Thursday, reacting to strong results from Meta Platforms. By 8:44 AM, Dow Jones futures were up 142 points, or 0.42%. S&P 500 and Nasdaq-100 futures advanced 0.45% and 0.84%, respectively. Risky assets fell again on Wednesday. What moved the markets the most yesterday was the news that the…
-
North American Morning Briefing: Meta Gives Boost to Nasdaq; GDP Report Up Ahead
Market Wraps Watch For: Weekly Jobless Claims; Weekly Export Sales; Advance GDP estimate for 1Q; Pending Home Sales for March; Kansas City Fed Survey for April; Fed Discount Window Borrowings; Canada Payroll Employment for February; Johnson & Johnson shareholders meeting; Earnings from Merck, MasterCard, Comcast, Caterpillar, Intel Opening Call: Stock futures rose on Thursday after…
-
Top Company News of the Day
Deutsche Bank Reports Higher Profit in Tumultuous Quarter Deutsche Bank said its business held up well during March’s banking turmoil, with first-quarter profit rising 8% as it continued to benefit from rising interest rates. AstraZeneca Revenue Hurt by Drop in Covid-19 Drug Sales AstraZeneca backed its 2023 guidance, after it posted a first-quarter profit of…
-
Meta shares pop on sales increase, Roku earnings beat
Facebook Parent Meta Platforms Sees First Sales Increase in Nearly a Year The company (NASDAQ:META) reported revenue of $28.6 billion, up 3% from a year prior, as it continues to improve after the loss of ad-tracking capabilities in 2021. Bristol-Myers CEO Giovanni Caforio to Step Down Chief Commercialization Officer Christopher Boerner will take over after…
-
Wednesday’s Wall Street Highlights: Microsoft, Activision Blizzard, Chipotle, Coinbase and more
Main subjects of the day US stock futures rose on Wednesday morning as Big Tech earnings began to roll in, starting with earnings from Alphabet and Microsoft. By 8:09 AM, Dow Jones futures were up 0.10%, while S&P 500 futures were up 0.09% and Nasdaq 100 futures gained 0.76%. In regular Tuesday trading, major indexes tumbled as First Republic…
-
North American Morning Briefing: Microsoft Rally Lifts Nasdaq
Market Wraps Watch For: Durable Goods Orders for March; Advance Economic Indicators Report for March; EIA Weekly Petroleum Status Report; Bank of Canada summer of monetary policy deliberations; Goldman Sach annual shareholders meeting; Earnings from Boeing, Meta Platforms, Mattel Opening Call: Stock futures rose Wednesday as a surge in Microsoft shares boosted broader market sentiment.…