Category: Include on Menu
-
Progress On Debt Ceiling Bill Contributes To Strength On Wall Street
Stocks showed a lack of direction in early trading on Thursday but moved notably higher over the course of the session. With the upward move on the day, the Nasdaq and the S&P 500 reached their best closing levels in over nine months. The major averages pulled back off their highs of the session going…
-
U.S. Stocks May Lack Direction After House Passes Debt Ceiling Bill
US Market The major U.S. index futures are currently pointing to a roughly flat open on Thursday, with stocks likely to show a lack of direction after ending the previous session mostly lower. The lack of momentum on Wall Street comes even though the House voted Wednesday night to approve the bill raising the U.S.…
-
North American Morning Briefing: Attention Turns to Jobs Data
Market Wraps Watch For: ADP National Employment Report for May, Weekly Jobless Claims, Revise Productivity and Costs, ISM Report on Business Manufacturing PMI, EIA Weekly Petroleum Status Report Today’s Headlines/Must Reads – House Approves Debt-Ceiling Deal Struck by Biden and McCarthy – Profit Numbers Get Spruced Up as Business Slows – ESG Blowback: Exxon, Chevron…
-
US Futures Mixed, European Stocks Up After Debt Ceiling Deal Approved
In the U.S. futures for the S&P 500 were up 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 0.8% in morning trading. Uniper rose 8% and Neste climbed 4.1%. On the other hand,…
-
Top Company News of the Day: Exxon, Chevron, Remy Cointreau, Diageo, Purdue
ESG Blowback: Exxon, Chevron Investors Reject Climate Measures The shareholders’ votes, along with others in Europe, deal a blow to activists. Remy Cointreau Remains Cautious on Outlook Remy Cointreau reported a full-year operating profit of EUR430 million, above expectations, but said it still expects little growth in margins or sales in fiscal 2024, as U.S.…
-
U.S. Stocks Close Weak As Investors Await Vote On Debt Ceiling
U.S. stocks ended weak on Wednesday after languishing in negative territory right through the day’s session. The major averages all ended with moderate losses despite coming off the day’s lows. The Dow, which dropped to 32,739.73 around mid morning, ended the session at 32,908.27 with a loss of 134.51 points or 0.41 percent. The S&P…
-
Futures Pointing To Lower Open 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 following the mixed performance seen in the previous session. The downward momentum on Wall Street comes as traders keep an eye on debt ceiling developments, as a vote on raising the…
-
Wall Street Highlights for Wednesday: Tesla, Goldman Sachs, C3.ai, Ambarella and more
The risk aversion environment prevails and puts pressure on US Index Futures, after China’s economy contracted for the second straight month in May, which adds evidence that the Asian country’s post-Covid recovery is losing momentum. The market also follows the vote in the plenary of the House of the bipartisan agreement to increase the debt…
-
North American Morning Briefing: Stock Futures Hit by China Data; Debt-Ceiling Vote Looms
Market Wraps Watch For: Chicago Business Barometer – ISM Chicago Business Survey, Canadian GDP for March, Speeches by Fed governors Michelle Bowman and Philip Jefferson, Ford Motor Company May Sales Today’s Top Headlines/Must Reads: – China’s Recovery Slows Further as Factory, Services Activity Pulls Back – U.S. Manufacturers Seek China Alternatives as Tensions Rise –…
-
US Futures, European Stocks Slip Amid US Debt-Deal Uncertainty
In the U.S., futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average fell 0.3% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.6% in morning trading. Uniper rose 13% and B&M European Value Retail added 3.6%. On…