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Thursday’s Wall Street Highlights: BofA, Meta, Stellantis, American Airlines and more
US Index Futures operated lower on Thursday morning due to concerns arising from the minutes of the last monetary policy meeting in the United States, which raised fears about the cycle of monetary tightening. By 6:42 AM, Dow Jones futures (DOWI:DJI) was down 140 points, or 0.41%. S&P 500 futures were down 0.41%, while Nasdaq-100 futures…
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North American Morning Briefing: Fed Hawks Hit Stocks
Market Wraps Watch For: ADP National Employment Report for June; International Trade for May; Weekly Jobless Claims; EIA Weekly Petroleum Status Report; Canada Official International Reserves for June; Canada International Merchandise Trade for May Today’s Top Headlines/Must Reads: – Iran Floods Global Markets With Cheap Oil as Saudi Arabia Cuts Output – AI Boom Stems…
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US Futures, European Stocks Slip Following Hawkish Fed Comments
In the U.S., futures for the S&P 500 were down 0.4% and futures for the Dow Jones Industrial Average decreased 0.4%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.9% in morning trading. Samhaellsbyggnadsbolaget climbed 5.2% and United Utilities Group rose 3%. On the…
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Top Company News of the Day: Meta, AI, Sagard, JetBlue
Meta Launches Threads, Betting Instagram Mojo Can Take on Twitter With New App In a post ahead of a global launch, Mark Zuckerberg greets all: ‘Let’s do this. Welcome to Threads.’ AI Boom Stems Tech’s Downturn Excitement over artificial intelligence is proving to be a powerful counterforce for a tech economy that had been slowing,…
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U.S. Stocks Close Lower As Weak Economic Data, Fed Minutes Weigh
U.S. stocks ended weak on Wednesday although those from the technology sector managed to briefly emerge higher around mid morning. Lingering concerns about the impact of rising interest rates on economic growth weighed. The mood was cautious with investors focusing on the minutes of the Federal Reserve’s latest monetary policy meeting. Disappointing service sector data…
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Crypto This Wednesday: Binance Academy on Coursera, New AI Tool Revolutionizes Smart Contracts, and More
Valkyrie Funds proposes Bitcoin Spot ETF in partnership with Coinbase Valkyrie Funds has proposed a spot bitcoin ETF with shared surveillance partnership with Coinbase (NASDAQ:COIN). Nasdaq (NASDAQ:NDAQ) is set to list the fund’s shares, and Coinbase is the operator of the largest bitcoin spot trading platform in the US. Major exchanges such as BlackRock (NYSE:BLK) and Fidelity…
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Profit Taking May Contribute To Initial Pullback On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Wednesday, with stocks likely to move to the downside as trading resumes following the Independence Day holiday on Tuesday. Traders may look to cash in on recent strength in the markets, as the uptick seen during Monday’s abbreviated session lifted…
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Wednesday’s Wall Street Highlights: Meta, Amazon, Rivian, Pfizer, UPS and More
US index futures are lower on Wednesday morning, due to weak activity data in China and Europe, which renewed fears of a global recession. By 6:59 AM, Dow Jones (DOWI:DJI) futures were down 142 points, or 0.41%. S&P 500 futures were down 0.40%, while Nasdaq-100 futures were down 0.47%. Yields on 10-year Treasuries are at 3.853%. The services…
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North American Morning Briefing: China Data Revives Growth Worries as Fed Minutes Awaited
Market Wraps Watch For: Factory Orders for May; FOMC meeting minutes and economic forecast Today’s Headlines/Must Reads – Markets Ignore the Looming Debt Peril – The Fed and Investors Could All Be Wrong on Rates – China’s Export Curb on Chip-Making Metals Prompt Countries to Explore Supply-Chain Diversification – Binance.US Crypto Market Share Plummets Opening…
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US Futures, European Stocks Fall Ahead of Fed Minutes
In the U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average decreased 0.2% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.3% in morning trading. Koninklijke Vopak climbed 4.1% and Samhaellsbyggnadsbolaget rose 3.3%. On the other…