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Key Events In The Week Ahead
The negotiations over the U.S. debt ceiling keep breaking sticks and stones… Today, Joe Biden will meet with McCarthy to discuss the issue and try to reach an agreement. Before leaving Japan after the G7 summit, Mr. President expressed his willingness to cut spending and make necessary fiscal adjustments. However, he rejected the latest offer…
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Futures Pointing To Roughly Flat Open On Wall Street
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 modest pullback seen in the previous session. Traders may be reluctant to make significant moves as they await additional news on debt ceiling negotiations after talks broke down last…
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Monday’s Wall Street Highlights: Meta, Micron, Ford, Hepion, Ryanair and more
US Index Futures were broadly flat on Monday as traders watched talks on the US debt ceiling. By 7:49 AM, Dow Jones futures were up 8 points, or 0.03%. S&P 500 futures were down 0.01%, while Nasdaq-100 futures were down 0.06%. The 10-year Treasury yield was at 3.68%. West Texas Intermediate crude rose 0.21% to settle at $71.70…
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US Futures Down, European Stocks Mixed as Focus Remains on US Debt-Ceiling
In the U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average declined 0.2% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.1% in morning trading. IWG added 3.2% and Wizz Air Holdings rose 2.9%. On the…
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Top Company News of the Day: Micron, Exxon, Morgan Stanley, JPMorgan
Beijing Bans Micron as Supplier to Big Chinese Firms Cyberspace office says the chip maker’s products pose a major national-security risk. Exxon Joins Hunt for Lithium in Bet on EV Boom The oil giant quietly laid plans earlier this year for potentially producing the mineral in Arkansas. Largest U.S. Pension Sells Apple, Intel, NIO, and…
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U.S. Close Modestly Lower After Seeing Early Strength
After an early move to the upside, stocks moved mostly lower over the course of the trading session on Friday. The major averages pulled back off their early highs and into negative territory after moving sharply higher over the two previous sessions. The Nasdaq and the S&P 500 reached nine-month intraday highs in early trading…
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Crypto this Friday: ASX shuts down blockchain project, BitDAO merges with Mantle, and more
ASX shuts down blockchain-based reconstruction project ASX Ltd (ASX:ASX), the operator of Australia’s stock market, has announced that it will no longer use blockchain-based technology to rebuild its software platform, according to Reuters. After seven years of development, the company stopped rebuilding its trading, settlement and clearing software. While they are considering other options, ASX has said…
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ECB Urges Caution Amid Central Bank Leaks, China Considers Bad-Debt Transfer
Ukraine’s President Eyes Arab-League Military Support Ukraine’s President, Volodymyr Zelensky, arrived in Saudi Arabia to strengthen his country’s ties with the Arab world at the Arab League summit. He will soon attend the G7 talks in Japan, where he aims to secure military support and promote his 10-point peace plan. In response, the G7 leaders,…
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BoA Warns of Tech Bubble, Foot Locker Stock Plunges, Deere Raises Profit Outlook
BoA Warns of Tech Bubble Michael Hartnett, a strategist at Bank of America Corp.(NYSE:BAC), has reiterated his recommendation to sell US stocks, citing concerns about a bubble forming in the tech and artificial intelligence sectors. Hartnett also believes that the Federal Reserve’s rate hikes may not be complete, and rising bond yields pose a risk.…
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Wall Street May Benefit From Continued Optimism About Debt Ceiling Deal
US Market The major U.S. index futures are currently pointing to a higher open on Friday, with stocks likely to see further upside after moving sharply higher over the two previous sessions. Stocks may continue to benefit from optimism about an agreement on raising the U.S. debt ceiling following comments by House Speaker Kevin McCarthy,…