ADVFN US – Market Content Editor
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US Futures, European Stocks Gain on Hopes for End to US Rate Hikes
In the U.S. futures for the S&P 500 were up 0.2% 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 gained 0.1% in morning trading. Softcat climbed 5% and Diploma PLC added 4.7%. On the other…
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Top Company News of the Day: Disney, IMAX, xAI, Microsoft
Disney Extends CEO Robert Iger’s Contract Through 2026 The entertainment giant’s board unanimously voted to extend his contract by two years. IMAX Moves to Buy China Subsidiary IMAX said it has filed an offer to acquire its Hong Kong-based subsidiary for $124 million in cash in an attempt to benefit from growth opportunities in China.…
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Nasdaq, S&P 500 Reach Best Levels In Over A Year Following Inflation Data
Stocks moved mostly higher during trading on Wednesday, extending the upward move seen to start the week. With the continued advance, the Nasdaq and the S&P 500 ended the session at their best closing levels in over a year. The tech-heavy Nasdaq jumped 158.26 points or 1.2 percent to 13,918.96 and the S&P 500 climbed…
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Crypto This Wednesday: Aptos Tokens Unlocked, Coinbase Launches Encrypted Messaging Feature, and More
Bitcoin price rises after CPI data Bitcoin (COIN:BTCUSD) price rose to $31,000 after the release of US inflation data for June, which came in below expectations. The leading cryptocurrency has seen an increase of almost 18% over the last month. While slowing inflation may not stop the Federal Reserve from raising interest rates this month, some analysts believe…
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Tamer-Than-Expected Inflation Data May Lead To Extended Rebound On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to extend the rebound seen over the two previous sessions. The futures saw a significant surge following the release of a highly anticipated Labor Department report showing consumer prices increased by less than expected in the…
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Wednesday’s Wall Street Highlights: Nvidia, VMware, Alphabet, Coty, IBM, and more
US Index Futures operated higher on Wednesday, with investor expectations that US consumer inflation will reach the lowest level since 2021. By 07:01 AM, Dow Jones (DOWI:DJI) futures were up 28 points, or 0.08%. S&P 500 futures were up 0.16%, while Nasdaq-100 futures were up 0.19%. The 10-year Treasury yield is currently at 3.95%. On Wednesday’s American economic…
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North American Morning Briefing: Traders Bet Data to Show Cooling Inflation
Market Wraps Watch For: CPI for June; EIA Weekly Petroleum Status Report; Bank of Canada Rate Decision; speeches by Lael Brainard, Raphael Bostic Today’s Headlines/Must Reads – Inflation Is Likely Lowest Since Early 2021-but Still Too Hot for Fed – Measure It Differently, and Inflation Is Behind Us – Negotiators See Global Deal on Taxing…
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US Futures Flat, European Stocks Rise Ahead of US CPI data
In the U.S. futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average flat. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.1% in morning trading. United Internet rose 5.2% and Viaplay Group Series B rose 3.9%. On the…
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Top Company News of the Day: Microsoft, CVS Caremark, Thales, Disney
Microsoft Can Close Its $75 Billion Buy of Activision Blizzard, Judge Rules The companies can complete the deal before a Federal Trade Commission hearing that is scheduled for August. CVS Caremark Delays Block Customers From Their Prescriptions The business, which manages drug benefits for millions of Americans, said it resolved a system issue and is…
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U.S. Stocks Move Mostly Higher Ahead Of Inflation Data
Stocks moved mostly higher over the course of the trading day on Tuesday, adding to the modest gains posted in the previous session. The major averages all moved to the upside, further offsetting the pullback seen last week. The major averages reached new highs for the session going into the close. The Dow jumped 317.02…