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US Futures Flat, European Stocks Mixed After Strong U.S. Jobs Data
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average rose 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. Faurecia climbed 7.9% and GN Store Nord added 3.9%. On the other…
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Top Company News of the Day: UBS, American Airlines, Twitter, 3M
UBS to Close Credit Suisse Takeover as Early as Next Week UBS Group said it expects to complete its acquisition of Credit Suisse Group and have the shares of the Swiss peer delisted as early as next week. American Airlines’ Radical Plan to Reinvent Business Travel Work travel isn’t what it used to be-and that’s…
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U.S. Stocks Extend Rally On Jobs Data, Senate Passing Debt Ceiling Bill
Stocks moved sharply higher over the course of the trading day on Friday, adding to the strong gains posted in Thursday’s session. With the continued upward move, the Nasdaq reached its best closing level in well over a year, while the S&P 500 set a new nine-month closing high. The major averages pulled back off…
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Crypto this Friday: Elon Musk accused of insider trading, OpenAI director’s Twitter account hacked, and more
Elon Musk faces insider trading allegations Tesla (NASDAQ:TSLA) CEO Elon Musk faces insider trading allegations in a class-action lawsuit filed by investors, who allege Tesla’s CEO manipulated the Dogecoin (COIN:DOGEUSD) cryptocurrency, resulting in billions in losses for them. Investors claim Musk used publicity strategies, including Twitter posts and media appearances, to profit at his expense. The judge indicated that…
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Payrolls Hits 339,000 in May, Well Above Consensus
The US economy unexpectedly added 339,000 jobs in May 2023, far above market forecasts of 190,000 and after an upward revision from 294,000 in April, according to the Labor Department in its monthly payroll report released on Friday. US job growth unexpectedly picked up in May as the job market remained surprisingly resilient despite rising…
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Futures Holding On To Gains Following Stronger Than Expected Jobs Data
US Market The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to extend the rally seen over the course of the previous session. The futures held on to earlier gains following the release of a Labor Department report showing U.S. employment surged by much more than expected…
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Friday’s Wall Street Highlights: SoftBank, Boeing, Broadcom, MongoDB, Meta Platforms and more
US Index Futures rose in premarket trading on Friday after the US Senate passed a bill raising the debt ceiling, eliminating the risk of a debt default. The market is now shifting its focus to the Payroll report, which is important for calibrating expectations about the trajectory of US interest rates. By 6:55 AM, Dow Jones…
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North American Morning Briefing: Stock Futures Rise as Jobs Report Swings Into Focus
Market Wraps Watch For: Employment Report for May Today’s Top Headlines/Must Reads: – Jobs Report Expected to Show Unemployment Still Historically Low – Senate Approves Deal Raising Debt Ceiling, Averting U.S. Default – As China Risks Grow, Manufacturers Seek Plan B-and C and D – Nvidia Is Still a ‘Buy’ on Wall Street Opening Call:…
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US Futures, European Stocks Rise Ahead of Jobs Data
In the U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average increased 0.4% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.4% in morning trading. Dechra Pharmaceuticals added 8.2% and Samhallsbyggnadsbolaget rose 5.5%. On the other…
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Top Company News of the Day: Rio Tinto, Twitter, Disney, Meta
Rio Tinto to Spend $395 Million on Australia Desalination Plant Rio Tinto said it plans to invest in a seawater desalination plant in the Pilbara region of Western Australia, where it runs massive iron-ore mining operations. Twitter’s Top Content Moderation and Safety Executive Leaves Ella Irwin, who declined to discuss her reason for leaving, departed…