Category: Market Summary
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U.S. Stocks Recover From Early Weakness To Close Sharply Higher
Stocks showed a substantial turnaround over the course of the trading session on Friday, rebounding from early weakness to end the day sharply higher. The major averages all moved to the upside, with the tech-heavy Nasdaq leading the charge. The major averages pulled back off their best levels going into the close but remained firmly…
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North American Morning Briefing: Investors Await the All-Important Jobs Report
Market Wraps Watch For: Employment Report for September; Canada Labour Force Survey for September Today’s Top Headlines/Must Reads: – Is The Economy Cooling or Revving Up? The September Jobs Report Will Offer Clues – Monetarism Is Back. It May Not Last. – Exxon Doesn’t Need Luck for Pioneer Deal to Be a Winner Opening Call:…
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US Futures Down, European Stocks Climb Ahead of US Jobs Data
In the U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average declined 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.3% in morning trading. Aviva rose 6.9% and Man Group rose 4.5%. On the other…
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U.S. Stocks Climb Well Off Worst Levels But Close Modestly Lower
Stocks came under pressure early in the session on Thursday but staged a notable recovery attempt over the course of the trading day. The major averages peeked above the unchanged line late in the session but closed modestly lower. After falling by nearly 190 points in early trading, the Dow ended the day down just…
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Market Reaction: Dollar, stocks slip amid still tight U.S. Labor Market:
The dollar saw a slight decline, and global equities faced some pressure on Thursday as investors grappled with U.S. unemployment benefits data that indicated a labor market that still had some tightening to do, coupled with the Federal Reserve’s commitment to maintaining higher interest rates for an extended period. European stocks managed to recover after…
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Keep An Eye Out: Pre-Market Movers And Recommendations
ANALYST RECOMMENDATIONS: Advanced Micro Device: Baird maintains its outperform rating and reduces the target price from $170 to $125. Amphenol: BNP Paribas Exane maintains its outperform recommendation with a target price of $93. Best Buy: Truist Securities maintains its hold recommendation with a price target reduced from $80 to $74. Centerpoint: KeyBanc Capital Markets upgrades…
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Thursday’s Wall Street Highlights: Orchard Therapeutics, Exxon Mobil, Alphabet, Ford, and more
US index futures are down in Thursday’s pre-market trading, with Wall Street struggling to sustain the positive momentum from the previous session, as investors await crucial labor market data. At 06:47 AM, Dow Jones futures (DOWI:DJI) were down by 78 points, or 0.23%. S&P 500 futures fell 0.20% and Nasdaq-100 futures were down 0.12%. The…
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North American Morning Briefing: Stock Futures, Bonds Steady Ahead of More Jobs Data
Market Wraps Watch For: Trade for August; Weekly Jobless Claims; Canada Trade for August; Fed speak from Mary Daly, Loretta Mester Today’s Top Headlines/Must Reads: – Rising Interest Rates Mean Deficits Finally Matter – Amazon, Microsoft Face UK Competition Probe Over Cloud Dominance – FTX Employees Found Alameda’s Secret Backdoor Months Before Collapse Opening Call:…
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US Futures Slip, European Stocks Mixed
In the U.S. futures for the S&P 500 were down 0.3% 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 gained 0.2% in morning trading. Pandora added 7.6% and Bawag Group rose 6.3%. On the other…
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U.S. Stocks Close Mostly Higher As Treasury Yields Pull Back Off 16-Year Highs
After turning in a lackluster performance early in the session, stocks moved mostly higher over the course of the trading day on Wednesday. The major averages all moved to the upside on the day, bouncing off their lowest closing levels in four months. The major averages all finished the day firmly positive, with the tech-heavy…