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Thursday’s Wall Street Highlights: HSBC, Meta, Ryanair, Peloton, Micron, and more
US index futures were mixed in Thursday’s pre-market as investors approached the final days of trading in a challenging month and quarter economically and financially. At 7:05 AM, Dow Jones futures rose 35 points, or 0.10%. S&P 500 futures were up 0.06%, while Nasdaq-100 futures fell 0.10%. The yield on 10-year Treasury bonds stood at…
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North American Morning Briefing: Rising Oil Prices Keep Treasury Yields High
Market Wraps Watch For: Weekly Jobless Claims; third estimate for 2Q GDP; Speeches by Jerome Powell and Lisa Cook; Earnings from Nike Today’s Top Headlines/Must Reads: – Standoff in Congress Brings Government to Brink of Shutdown – Companies Find a Fundraising Sweet Spot With Convertible Bonds – More CFOs Pull Back Spending Plans Due to…
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US Futures, European Stocks Mixed
In the U.S. futures for the S&P 500 were up 0.1% 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 climbed 0.1% in morning trading. Etablissementen Franz Col rose 11.2% and Deliveroo added 9.7%. On the other…
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Top Company News of the Day: Evergrande, Citi, Diageo, X, Apple
China Evergrande Shares Suspended After Reports of Founder’s Disappearance Trading in the shares of China Evergrande and two of its publicly listed units was suspended following reports that the property developer’s chairman had been placed under police surveillance. Citi Planning to Sell China Retail-Wealth Unit to HSBC Citigroup is in talks to sell its retail-wealth…
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U.S. Close Narrowly Mixed Following Volatile Trading Session
Following the sell-off seen during Tuesday’s session, stocks saw substantial volatility over the course of the trading day on Wednesday. The major averages spent the day showing wild swings back and forth across the unchanged line. The major averages eventually ended the day narrowly mixed. While the Dow slipped 68.61 points or 0.2 percent to…
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Crypto this Wednesday: BTC Maintains Stability; Reaction to Moonbeam, Tellor and Bone Tokens, and more
Bitcoin maintains stability amid market turmoil Despite the turmoil in conventional markets and the decline in stocks on Tuesday, Bitcoin (COIN:BTCUSD) and other cryptocurrencies remained largely stable or saw small increases on Wednesday. This could signal a period of relative stability for Bitcoin or indicate concerns for the crypto market. Bitcoin, in particular, has remained around $26,000…
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Bargain Hunting May Contribute To Initial Rebound On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to regain ground following the sell-off seen in the previous session. Traders may make another attempt at bargain hunting, picking up stocks at reduced levels following the steep losses posted on Tuesday. The sharp decline in…
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Oil Prices Climb $1 As Markets Focus On Supply Tightness
Oil prices surged by over $1 on Wednesday, with the market’s attention firmly fixed on supply constraints leading into the winter months and the prospect of a “soft landing” for the U.S. economy. Brent crude futures (CCOM:OILBRENT) advanced to $95, marking a gain of $1.14 and reaching $95.10 per barrel. Simultaneously, U.S. West Texas Intermediate…
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Keep An Eye Out: Pre-Market Movers And Recommendations
Don’t Trade Without Seeing The Orderbook Blackstone (NYSE:BX): BNP Paribas Exane maintains its neutral recommendation with a price target raised from $98 to $103. Cardinal Health (NYSE:CAH): Baptista Research downgrades to underperform from hold with a price target reduced from $90.10 to $78.70. Costco Wholesale (NASDAQ:COST): Raymond James maintains its outperform rating and raises the…
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Tritium Reports Record Revenue And Plans For Growth Amid New Partnerships
Tritium (NASDAQ:DCFC), a prominent provider of electric vehicle (EV) charging solutions, has reported record-breaking revenue for the fiscal year ending on June 30, 2023, reaching an impressive $185 million, marking a substantial 115% year-over-year increase. Notably, the company has also achieved a substantial enhancement in its gross margin, which reached 4% for the initial half…