ADVFN US – Market Content Editor
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Monday’s Wall Street Highlights: UBS, Illumina, Oracle, Salesforce, Chinook and more
US Index Futures advanced in premarket trading on Monday. The FOMC announces its decision on Wednesday and derivatives this Monday point to a 75.9% chance that the interest rate will be maintained between 5% and 5.25% in the US, while the high bet of 0.25 percentage point is at 24.1%, according to the Chicago Mercantile Exchange’s…
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North American Morning Briefing: Rate Decisions, Inflation Data Headline a Busy Week
Market Wraps Watch For: No major data scheduled; Oracle earnings Today’s Headlines/Must Reads – Jerome Powell’s Big Problem Just Got Even More Complicated – Wall Street Firms Up Bets on U.S. Consumers – U.S. to Allow South Korean, Taiwan Chip Makers to Keep Operations in China – A Bellwether Climate Case in Montana Seeks to…
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US Futures Up, European Stocks Gain as Investors Await Rate Decisions
In the U.S. futures for the S&P 500 were up 0.2% and futures for the Dow Jones Industrial Average climbed 0.1% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.4% in morning trading. Ocado Group rose 5.6% and CD Projekt added 4.9%. On the…
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Top Company News of the Day: Glencore, Novartis, Illumina, Eisner
Glencore Approaches Teck Over Its Coal Business The commodities giant is willing to buy Teck’s unit as an alternative to a full merger. Novartis to Buy U.S.-Based Chinook Novartis has agreed to acquire Chinook Therapeutics for up to $3.5 billion, in a deal that will expand its portfolio of kidney disease treatments. Illumina CEO Francis…
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U.S. Stocks Close Slightly Higher As Fed Meeting Looms
Stocks fluctuated over the course of the trading session on Friday before eventually ending the day modestly higher. With the uptick on the day, the S&P 500 reached its best closing level since mid-August. The major averages swung back and forth before closing slightly above the unchanged line. The Nasdaq rose 20.62 points or 0.2…
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Crypto This Friday: AliExpress Will Accept Cryptocurrencies, Robinhood End Support For ADA, MATIC, SOL, And More
AliExpress collaborates with The Moment3 to launch 5,555 NFTs and accept cryptocurrencies as payment Ecommerce platform AliExpress is collaborating with The Moment3 to release 5,555 non-fungible tokens (NFTs) on June 25, marking a step towards the Web3 space. As part of its expansion efforts in the crypto sector, AliExpress will also accept cryptocurrencies as a payment…
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Friday’s Wall Street Highlights: GM, UBS, Planet Labs, DocuSign and more
US Index Futures trade lower as the S&P 500 consolidates in a bull market – more than 20% above the last technical bottom after US jobless claims data showed some market normalization of work. At around 7:27 AM, Dow Jones (DOWI:DJI) futures were down 72 points, or 0.21%. S&P 500 futures were down 0.03%, while Nasdaq-100 futures…
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US Futures Down, European Stocks Mostly Flat as Investors Look to Next Week’s Central Bank Rate Decisions
In the U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average declined 0.3% Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. Auto1 Group climbed 4.9% and Uniper rose 3%. On the other…
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Top Company News of the Day: AstraZeneca, Dassault Systems, Meta, GM
AstraZeneca Enters Pact with Cell Therapy Startup AstraZeneca will pay Quell Therapeutics $85 million upfront for it to help develop treatments for autoimmune diseases, and further payments of more than $2 billion for future development and commercial milestones and royalties. Dassault Systems Outlines Midterm Targets; Names New CEO Dassault Systemes forecast double-digit revenue growth and…
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Nasdaq Shows Significant Rebound, S&P 500 Reaches Nine-Month Closing High
Stocks moved mostly higher during trading on Thursday, with the tech-heavy Nasdaq showing a significant rebound following the sharp pullback seen on Wednesday. With the upward move, the S&P 500 reached its best closing level in well over nine months. The major averages ended the day just off their highs of the session. The Nasdaq…