Category: Market Summary
-
North American Morning Briefing: Stock Futures Lack Momentum as Fed Decision Looms
Market Wraps Watch For: Housing Starts for August; Canada Consumer Price Index for August; Instacart IPO Today’s Top Headlines/Must Reads: – American Business Confidence in China Slumps to Lowest in Decades – UAW Strike Collides With Biden’s Manufacturing Agenda – Auto Loans Pass Student Loans in Consumer Debt Load, Fed Data Shows Opening Call: Stock…
-
US Futures Flat, European Stocks Mixed Ahead of Central Bank Decisions
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. Billerud rose 6.6% and Hargreaves Lansdown rose 3.8%. On the other hand, Kingfisher…
-
U.S. Stocks Finish Lackluster Session Little Changed
Following the volatility seen to close out the previous week, stocks turned in a relatively lackluster performance during trading on Monday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually ended the session slightly higher. While the S&P 500 edged up 3.21 points or 0.1 percent…
-
Monday’s Wall Street Highlights: Cisco Systems, GM, Alibaba, SVB Financial, Clorox and More
US Index Futures are slightly up in Monday’s pre-market, a day with a light global agenda, with the whole week’s global focus being on the U.S. interest rate decision on Wednesday. At 6:52 AM, Dow Jones (DOWI:DJI) futures were up 35 points, or 0.10%. S&P 500 futures rose 0.14%, and Nasdaq-100 futures increased by 0.17%.…
-
North American Morning Briefing: Cautious Start to Week With Fed, Other Central Banks Primed
Market Wraps Watch For: Canada Housing Starts for August; Earnings from Stitch Fix; Airbnb and Blackstone are set to join the S&P 500 Today’s Top Headlines/Must Reads: – Why a Soft Landing Could Prove Elusive – An Even Bigger Housing Crisis Threatens China’s Economy – Republican Groups Craft Short-Term Bill to Keep Government Open Opening…
-
US Futures Rise, European Stocks Drop
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average rose 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.5% in morning trading. Mondi PLC climbed 4.5% and International Distribution Services added 4%. On…
-
U.S. Stocks Pull Back Sharply Amid Worries About Interest Rates
Stocks moved sharply lower over the course of the trading day on Friday, giving back ground following the rally seen on Thursday. The major averages all showed notable moves to the downside, with the tech-heavy Nasdaq leading the pullback. The major averages all finished the day firmly in negative territory. The Nasdaq tumbled 217.72 points…
-
Top Company News of the Day: Apple, UAW, Microsoft, Oracle
Apple Counts on Wireless Carriers to Avoid an iPhone Slump AT&T, Verizon and T-Mobile are returning to deep discounts on phones for customers who commit to top-tier plans. UAW Strikes at Plants Owned by GM, Ford, Stellantis The walkouts are the first to hit all three automakers at the same time and affect factories in…
-
Arm Soars On Debut On Nasdaq And Reaches Market Capitalization Of $60 billion
Arm Holdings (NASDAQ:ARM) shares rose to an intraday high of up to US$61.99 in their debut this Thursday on the Nasdaq, an increase of more than 21% when considering the Initial Public Offering (IPO) of $51.00, valuing the company around US$60 billion on the stock market. At around 1:20 pm, the company’s shares rose to…
-
Keep An Eye Out: Pre-Market Movers And Recommendations
Investors await the release of fresh economic data on Thursday, as Wall Street considers how a faster-than-anticipated measure of consumer price gains may impact future Federal Reserve policy. Elsewhere, debate swirls around the European Central Bank’s own crucial interest rate decision later today, while British semiconductor designer Arm prices its hotly-anticipated initial public offering at…