ADVFN US – Market Content Editor
-
U.S. Trade Deficit Narrows
With exports surging and imports falling, the Commerce Department released a report on Tuesday showing the U.S. trade deficit narrowed in the month of August. The Commerce Department said the trade deficit shrank to $70.4 billion in August from a revised $78.9 billion in July. Economists had expected the trade deficit to decrease to $70.6…
-
U.S. Stocks May Move Back To The Upside In Early Trading
The major U.S. index futures are currently pointing to a higher open on Tuesday, with stocks likely to move back to the upside following the weakness seen in the previous session. Traders may look to pick up stocks at somewhat reduced levels following the steep drop seen during trading on Monday. Overall trading activity is…
-
US Futures Rebound Amid Oil Price Dip and Fed Remarks; Markets React to China Stimulus Disappointment
U.S. index futures rose in premarket trading on Tuesday, suggesting a rebound after earlier declines caused by rising bond yields and oil prices. Investors await key economic data this week amid statements from Federal Reserve leaders. At 5:48 AM ET, Dow Jones (DOWI:DJI) futures rose 62 points or 0.15%. S&P 500 futures gained 0.37%, and…
-
Honeywell Seeks Division Spinoff; Foxconn Expands Production With Nvidia GB200; Chinese Stocks Plunge
Honeywell (NASDAQ:HON) – Honeywell plans to spin off its advanced materials division, which could be worth over $10 billion as an independent company. CEO Vimal Kapur is focusing on aviation, automation, and energy, according to WSJ. The advanced materials division serves sectors like retail, pharmaceuticals, buildings, and manufacturing, with $3.65 billion in sales last year.…
-
Stocks Fall On Geopolitical Tensions; Major Averages Close Notably Lower
U.S. stocks fell on Monday amid easing prospects of aggressive rate cuts by the Federal Reserve following a much higher than expected addition in U.S. non-payroll employment in the month of September. Investors also awaited earnings announcements from major banks, and some crucial economic data, including readings on consumer price and producer price inflation. The…
-
Ethereum EIP 7781 Proposal Boosts Throughput; Moodeng Surges 400%; Drainer Halts TON Blockchain Operations
EIP 7781 proposal aims to increase Ethereum network throughput The Ethereum community is evaluating the EIP 7781 Improvement Proposal, which suggests reducing the slot time from 12 to 8 seconds, increasing throughput by about 33%. This change would better distribute rollup latency and data capacity, improving bandwidth usage. Researcher Justin Drake supported the proposal, stating…
-
Futures Pointing To Initial Pullback On Wall Street
The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to give back ground following the strong upward move seen last Friday. Profit taking may contribute to initial weakness on Wall Street, as some traders look to cash in on the strong gains posted in the previous session.…
-
U.S. Stock Futures Dip on Global Tensions; Oil Prices Rebound
U.S. index futures edged down slightly in pre-market trading on Monday, with investors focused on international tensions, the Federal Reserve’s meeting minutes, the Consumer Price Index report, and the start of the corporate earnings season this week. At 05:03 AM, Dow Jones futures (DOWI:DJI) fell 176 points or 0.41%. S&P 500 futures lost 0.53%, and…
-
Starboard Acquires $1 Billion Stake in Pfizer; Rio Tinto Pursues Acquisition of Arcadium Lithium, and More
Pfizer (NYSE:PFE) – Activist investor Starboard Value acquired about $1 billion in Pfizer shares, seeking changes to improve performance. Former CEO Ian Read and former CFO Frank D’Amelio showed interest in supporting Starboard, according to Reuters. Pfizer is facing a significant decline in COVID-19 vaccine and drug sales, leading to a stock drop. Shares rose…
-
Stocks Climb Higher On Upbeat Jobs Data; Dow Hits New Record Closing High
U.S. stocks rallied on Friday, lifting the major averages to a firm close, as upbeat non-farm payroll data helped offset concerns about Middle East tensions and prompted investors to indulge in some brisk buying at several counters from across various sectors. The Dow (DOWI:DJI) settled at a fresh record high at 42,352.75, gaining 341.16 points…