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Choppy Trading May Persist On Wall Street
US Market The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to extend the lackluster performance seen in the previous session. Traders may remain reluctant to make significant moves as they continue to look ahead to next week’s Federal Reserve meeting. The Fed is due to…
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Tuesday’s Wall Street Highlights: Gitlab, Zura Bio, Thor Industries, Unity Software, and more
US Index Futures pull back as investors pick up on a raft of weak economic indicators in Europe. Ore extends gains, but oil is traded in decline, without extending the momentum seen after the commitment to cut supply by Saudi Arabia. The drop in oil prices has weighed on energy stocks and Apple is on track to…
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North American Morning Briefing: Stock Futures Struggle for Direction
Market Wraps Watch For: Canada Building Permits for April Today’s Headlines/Must Reads – This Rally Is All About a Few Star Stocks. Some Investors Are Worried. – Commercial Property Faces Big Interest-Only-Loan Bill – Analysis: Apple’s Augmented Reality Faces Real Questions – Major Dam Blown Up in Russian-Occupied Ukraine Opening Call: Markets displayed a cautious…
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US Futures Flat, European Stocks Mixed
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average fell 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.1% in morning trading. Idorsia added 11.5% and Uniper rose 6.2%. On the other hand, Viaplay…
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Top Company News of the Day: ByteDance, Apple, Binance, Bed Bath & Beyond
Former ByteDance Executive Claims Chinese Communist Party Accessed TikTok’s Hong Kong User Data Allegation is made in suit against TikTok parent company, ByteDance, which says it vigorously opposes the claim. Apple’s Augmented Reality Faces Real Questions The Vision Pro headset is an expensive gamble for a company that needs a new hit. SEC Sues Crypto…
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U.S. Stocks Finish Lackluster Session Modestly Lower
Following the rally seen to close out the previous week, stocks turned in a relatively lackluster performance during trading on Monday. The major averages spent the day bouncing back and forth across the unchanged line. The major averages eventually finished the session in negative territory. The Nasdaq edged down 11.34 points or 0.1 percent to…
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Crypto this Monday: SEC Sues Binance, JPMorgan Launches Blockchain Platform, and More
Binance faces SEC charges over securities law violations Binance Holdings Ltd. and its US affiliates are facing indictments from the Securities and Exchange Commission (SEC) for violations of federal securities laws. The SEC alleges that the cryptocurrency exchange and its founder, CZ, engaged in unregistered offerings and investment schemes. Binance faces a total of 13 allegations, including trade…
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Traders May Take A Breather Following Last Week’s Rally
US Market The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the rally seen to close out the previous week. Traders may look to take a break to assess the outlook for the markets following the strong upward move…
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Monday’s Wall Street Highlights: UBS, Tesla, Palo Alto Networks, Novo Nordisk and more
US Index Futures open the week with no clear direction close to flat after a rally last week gave the S&P 500 its best weekly performance since March. At around 7:20 AM, Dow Jones (DOWI:DJI) futures were up 29 points, or 0.09%. S&P 500 futures were up 0.07%, while Nasdaq-100 futures were down 0.10%. The yield on the…
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North American Morning Briefing: Stock Futures Point to Steady Open; Saudi Cuts Boost Oil
Market Wraps Watch For: Factory Orders for April; May Global Services PMI Today’s Top Headlines/Must Reads: – Wall Street Backs Off Bets on Fed Rate Cuts – Commodities Slide as Investors Bet on Economic Slowdown – Saudi Arabia Cuts Oil Output After OPEC Members Clash Over Quotas – China’s Caixin Services PMI Rose in May…