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Futures See Further Upside As Consumer Price Growth Slows
US Market The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to add to the gains posted in the previous session. The futures climbed more firmly into positive territory following the release of a Commerce Department report showing an unexpected slowdown in the annual rate of consumer…
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Friday’s Wall Street Highlights: Tesla, Nike, ASML, Apple and more
US Index Futures showed gains on Friday, which marks the close of the second quarter. Traders are watching data on personal consumption spending, a leading indicator used by the Federal Reserve to gauge inflation. In addition, a battery of economic data in Europe encouraged investors, showing resilience in activity and inflation on a downward trajectory. By 6:56…
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North American Morning Briefing: Stock Futures Higher as Investors Await Inflation Data
Market Wraps Watch For: Personal Income and Outlays for May; Chicago Business Barometer-ISM-Chicago Business Survey-Chicago PMI for June; University of Michigan Final Consumer Survey for June; Canada GDP for April Today’s Top Headlines/Must Reads: – Consumer Spending Streak Seen Extending Into May – Banks Brace for More Turmoil Heading Into the Third Quarter – New…
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US Futures Mixed, European Stocks Rise as U.S., Eurozone Inflation Data in Focus
In the U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average decreased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.4% in morning trading. LEG Immobilien rose 6.5% and Kion Group climbed 5.2%. On the…
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Top Company News of the Day: Engie, SVB, Microsoft, Activision
Engie Raises Outlook on Strength of Global Energy Management and Sales Engie increased its 2023 earnings guidance on Friday due to the strength of its global energy management and sales business. SVB Depositors Who Lost Their Money Win Court Victory Silicon Valley Bank’s customers in the Cayman Islands weren’t covered by a U.S. deposit guarantee…
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U.S. Stocks Finish Lackluster Session Mostly Higher
Following the mixed performance seen in the previous session, stocks once again turned in a relatively lackluster performance throughout much of the trading day on Thursday but managed to close mostly higher. The Dow showed a notable advance, with the blue chip index climbing 269.76 points or 0.8 percent to 34,122.42 amid strong gains by…
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Crypto This Thusday: Worldcoin launches World ID and integrates Okta in Germany, UK enacts crypto law, and more
DeFi Compound token rises 60% buoyed by Binance exits Decentralized finance (DeFi) protocol token Compound (COIN:COMPUSD) has seen an increase of over 60% in one week, driven by an increase in volume and outflows on Binance. The token is up more than 26% in the last 24 hours. From a low of $22.89 on June 10, the…
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Micron Earnings, Bank Stress Test Results May Generate Buying Interest
US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to move to the upside following the mixed performance seen in the previous session. Early buying interest may be generated in reaction to upbeat earnings news from Micron Technology (MU), as the chipmaker is jumping by…
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Thursday’s Wall Street Highlights: Apple, BlackBerry, Joby Aviation, Virgin Galactic and More
US Index Futures rose on Thursday, with shares of microchip makers higher in premarket. Other markets operated without direction this morning, Asian stocks closed generally in the red and European stocks registered slight gains, driven by shares of the public utilities, technology and banking sectors. By 07:01 AM, Dow Jones (DOWI:DJI) futures are up 101 points, or…
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North American Morning Briefing: Claims Data, GDP Revision Eyed for More Clues on the Economy
Market Wraps Watch For: 1Q GDP Third Estimate; Weekly Jobless Claims; Jerome Powell participates in a discussion with Bank of Spain Governor at a conference on financial stability; Nike results Today’s Headlines/Must Reads – Jerome Powell Says Bank Failures Underscore Need for Stronger Regulation, Supervision – U.S. Companies Face EU Deforestation Rules on Coffee, Wood…