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US Futures Flat, European Stocks Mixed as Investors Assess Central Banks’ Comments
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average were flat. Changes in futures don’t necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. H&M Hennes & Mauritz B added 10.6% and Ipsen rose 5%. On the…
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Top Company News of the Day: Lordstown Motors, Fisker, Crayhill, Nvidia
Lordstown Motors and Fisker Successor Face Off in Bankruptcy Court Karma Automotive, previously known as Fisker Automotive, which sued Lordstown for $900 million alleging trade secrets theft, told the court that litigation shouldn’t be suspended against defendants who aren’t themselves bankrupt. Crayhill Seeks $1 Billion for Asset-Backed Credit Fund Crayhill Capital Management is raising its…
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U.S. Stocks Close Mixed Following Lackluster Session
After an early move to the downside, stocks turned in a relatively lackluster performance over the course of the trading session on Wednesday. The major averages bounced back and forth across the unchanged line before closing mixed. While the Nasdaq pulled back well off its best levels of the day, the tech-heavy index still closed…
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Crypto This Wednesday: Bitcoin Tests 30K Support, MicroStrategy Acquires More BTC, And More
Bitcoin tests $30,000 support Bitcoin (COIN:BTCUSD) retested the $30,000 support on June 28, while the US Federal Reserve remained aggressive on inflation. Powell indicated in Sintra, Portugal, further hikes in interest rates, pushing BTC to operate in a narrow range. Bitcoin’s share of criminal transactions declines, Ethereum stands out According to the TRM Labs report, over…
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Weakness Among Chip Stocks May Lead To 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 give back ground after moving sharply higher over the course of the previous session. Weakness among semiconductor stocks may weigh on the markets after a report from the Wall Street Journal said the Biden administration…
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Wednesday’s Wall Street Highlights: Nvidia, Micron, AST SpaceMobile, UBS and more
US Index Futures are lower on the prospect of tighter restrictions on AI technology exports to China. Investors are also looking forward to Federal Reserve Chair Jerome Powell joining a panel with other central bank leaders seeking insights on US monetary policy. By 7:05 AM, Dow Jones (DOWI:DJI) futures were up 18 points, or 0.05%. S&P 500 futures…
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North American Morning Briefing: Chip Stocks Take Beating on Report of China Export Ban
Market Wraps Watch For: EIA Weekly Petroleum Status Report; Jerome Powell participates in a policy panel discussion at the European Central Bank forum on central banking; Earnings from Micron, BlackBerry Today’s Top Headlines/Must Reads: – China’s Industrial Profit Decline Narrowed in May – Cheaper Natural-Gas Prices in Store This Summer – FTX Begins Talks on…
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US Futures Mixed, European Stocks Rise as Investors Weigh Upbeat U.S. Data
In the U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average were flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.4% in morning trading. Samhaellsbyggnadsbolaget added 14.1% and Orpea rose 4.7%. On the other hand,…
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Top Company News of the Day: Rio Tinto, Fanatics, Google, Blackwells
Rio Tinto Building Australian Battery Lab to Test Minerals Rio Tinto is building a battery lab in Australia where it can test how the commodities it produces work in the likes of electric-vehicle batteries. Fanatics Raises Bid to Buy PointsBet’s U.S. Business by 50% DraftKings offered to buy the unit earlier this month, creating a…
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Upbeat U.S. Economic Data Contributes To Rally On Wall Street
Stocks moved sharply higher over the course of the trading day on Tuesday, regaining ground following recent weakness. The major averages all moved to the upside on the day, with the Dow snapping a six-session losing streak. The major averages pulled back off their best levels going into the close but held on to strong…