ADVFN US – Market Content Editor
-
Stock Index Futures Tick Higher on Expectations for Fed Rate Cuts Next Year
March S&P 500 E-Mini futures are up +0.14%, and March Nasdaq 100 E-Mini futures are up +0.18% this morning as trading resumed after the Christmas holiday, with investors looking ahead to earlier and deeper interest rate cuts from the Federal Reserve next year following a cooler-than-expected U.S. inflation report last week. In Friday’s trading session,…
-
Intel Secures $3.2 Billion Government Grant for Its $25 Billion New Chip Plant in Israel
The Israeli government has committed to providing a $3.2 billion grant to Intel (NASDAQ:INTC)Corp for its planned $25 billion chip manufacturing facility in southern Israel, as announced by both parties on Tuesday. This development is concurrent with the ongoing conflict between Israel and the Palestinian militant group Hamas, following an attack by Hamas on Israel…
-
Asian Markets Advance in Holiday-Thinned Trading But Chinese Shares Slip
Most Asian markets experienced a rise in limited holiday trading on Tuesday, with certain regional markets closed for holiday observances. U.S. futures and oil prices saw a modest uptick. In Asia, the Shanghai benchmark led the downturns, driven by significant sell-offs in technology and semiconductor stocks amid renewed concerns over trade frictions with the U.S.…
-
Unemployment, PMI and Other Can’t Miss Items This Week
Last week the market finished green again with the S&P 500 finishing up almost 1%. This makes it the 8th consecutive week with the SPY finishing higher than it opened. Two of the big events last week were the Fedex (FDX) earnings and the PCE release Friday morning. Fedex missed earnings and revised down the future forecasts which…
-
Iron Ore Skyrockets Amid Stimulus Expectations and Robust Demand Forecast
Iron ore futures experienced an uptick on Tuesday, fueled by optimism over potential economic stimulus actions aimed at revitalizing the Chinese economy and the expectation of sustained demand. Closing at 980.5 yuan ($137.22) per metric ton, the most actively traded May iron ore contract on the Dalian Commodity Exchange (DCIOcv1) saw a 1.3% increase, recovering…
-
Top Company News of the Day: AstraZeneca, Maersk, Amazon, Ben & Jerry’s
AstraZeneca to Buy Gracell Biotechnologies AstraZeneca has agreed to buy Gracell Biotechnologies for a transaction value of $1.2 billion, as part of the former’s efforts to grow its cell therapies business. Fog at Chicago’s Midway Airport Scuttles Southwest Holiday Flights The airline canceled hundreds of flights Sunday and more than 100 on Monday as it…
-
U.S. Stocks Close Narrowly Mixed Ahead Of Christmas Weekend
After an early move to the upside, stocks fluctuated over the course of the trading session on Friday before eventually ending the session narrowly mixed. The Nasdaq and the S&P 500 closed modestly higher, while the narrower Dow edged slightly lower. While the Dow slipped 18.38 points or 0.1 percent to 37,385.97, the Nasdaq rose…
-
Supply Constraint Worries Push Metals Prices Up
Metals were higher on concerns over supply constraints and a broadly improved market sentiment. Sucden Financial said seasonal activity is expected to pick up in the new year for copper and support prices above the $8,600 a metric ton level. Meantime, gold made solid gains on a weaker dollar, weighed by the prospect of Fed…
-
Stocks To Watch: Nike, Berkshire Hathaway, Rocket Lab, Tesla
Nike reported fiscal second-quarter earnings that beat analysts’ expectations but announced a $2 billion cost-cutting plan over the next three years as it expects sales to soften in the second half of fiscal 2024. Its shares dropped 11%, with shares of Dick’s Sporting Goods and Foot Locker down 4.3% and 6.3%, respectively. Berkshire Hathaway purchased…
-
Dow Futures Fall as Nike Sinks
Stock futures drifted lower, with Nike shares down more than 10% premarket after it cut its revenue outlook. One last batch of inflation data will test markets before Christmas. A readout on price pressures, personal spending and incomes is due at 8:30 a.m. ET. Economists expect the report to affirm that inflation retreated last month,…