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U.S. Stocks Close Firmly Down In Negative Territory For 2nd Straight Day
U.S. stocks closed lower on Wednesday, extending losses from the previous session, amid indications the Federal Reserve will continue to hold interest rates higher for longer to contain inflation. Prospect of a possible downgrade of several U.S. lenders by Fitch Ratings weighed as well. In addition to the minutes from the Federal Reserve’s latest policy…
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Crypto This Wednesday: Coinbase to Trade Crypto Futures, Ledger Integrates with PayPal, and More
Coinbase gets approval for cryptocurrency futures, boosts its shares Coinbase Global (NASDAQ:COIN) gained approval from the National Futures Association to offer cryptocurrency futures contracts to U.S. retail customers, leading to a 5% increase in its stock ahead of the market open. This approval comes as Coinbase is in litigation with the SEC, which alleges that the…
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U.S. Stocks May Show Lack Of Direction In Early Trading
US Market The major U.S. index futures are currently pointing to a roughly flat open on Wednesday, with stocks likely to show a lack of direction following the weakness seen in the previous session. After a gap down opening and a subsequent fall to lower levels, U.S. stocks languished in the red right through the…
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Wednesday’s Wall Street Highlights: Intel, VinFast, Coherent, DLocal, Nu, Target, and more
US index futures were broadly flat in premarket trading on Wednesday as traders await indicators such as Federal Reserve minutes and industrial production. By 6:53 AM, Dow Jones futures (DOWI:DJI) were up 3 points, or 0.01%. S&P 500 futures were up 0.01% and Nasdaq-100 futures were up 0.06%. The 10-year Treasury yield was at 4.186%. On Wednesday’s…
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North American Morning Briefing: Stock Futures Firmer Ahead of Fed Minutes
Market Wraps Watch For: Housing Starts for July; Industrial Production for July; FOMC meeting minutes published; Canada Housing Starts for July; EIA Weekly Petroleum Status Report; Earnings from Cisco, Target, TJX, Synposys Today’s Top Headlines/Must Reads: – Is It Time to Worry About Consumer Debt? What Is Going on in Seven Charts – Intel Scraps…
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US Futures Rise, European Stocks Fall as Strong US Retail Sales Stoke Cautious Sentiment
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average increased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.2% in morning trading. Admiral Group rose 5.1% and Glanbia climbed 4.3%. On the other…
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Top Company News of the Day: Estée Lauder, Yellow, U.S. Steel, Palo Alto Networks
Estée Lauder’s Big Bet on China Is Looking Not So Pretty Estée Lauder’s longtime chief, Fabrizio Freda, is under pressure to show he can turn around the beauty giant’s key China and U.S. businesses. Apollo-Led Lenders Sell Yellow Loan to Citadel The firm exited its loan investment after rival lenders offered better terms to finance…
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U.S. Stocks Close Notably Lower As Rate Hike Concerns, China Growth Worries Weigh
After a gap down opening and a subsequent fall to lower levels, U.S. stocks languished in the red right through the day’s session and eventually ended on a weak note on Tuesday. Rising worries about the health of China’s economy, and concerns about U.S. interest rate after data showed a bigger than expected increase in…
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Crypto This Tuesday: Jacobi Launches Spot Bitcoin ETF in Europe, Prime Trust Declares Bankruptcy, and More
Jacobi opens European mark with Spot Bitcoin ETF on Euronext Amsterdam London-based Jacobi Asset Management has launched Europe’s first physical Bitcoin ETF on Euronext Amsterdam, nearly two years after its initial approval. The ETF, named Jacobi FT Wilshere Bitcoin, is overseen by the Guernsey Financial Services Commission and has the ticker “BCOIN”. Fidelity Digital Assets handles custody,…
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Tuesday’s Wall Street Highlights: Delcath Systems, Getty Images, Home Depot, Berkshire Hathaway, and more
US index futures are falling in pre-market this Tuesday, reverberating weak data in China and Europe, casting doubt on the world economy. By 6:48 AM, Dow Jones futures (DOWI:DJI) were down 236 points, or 0.67%. S&P 500 futures were down 0.62% and Nasdaq-100 futures were down 0.61%. The 10-year Treasury yield was at 4.233%. In Tuesday’s economic…