ADVFN US – Market Content Editor
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Boeing Shares Climb as FAA Greenlights Higher 737 MAX Production
Boeing (NYSE:BA) shares rose 1.7% in premarket trading on Monday after the Federal Aviation Administration (FAA) approved a production rate increase for the company’s 737 MAX aircraft. The regulator gave Boeing the go-ahead to lift monthly output from 38 to 42 aircraft, a move that aligns with analyst projections that the company would hit this…
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Cleveland-Cliffs Rises on Signs of Automotive Steel Demand Recovery
Cleveland-Cliffs Inc. (NYSE:CLF) posted a third-quarter adjusted loss of $0.45 per share on Monday, matching analyst forecasts, while revenue reached $4.7 billion, just shy of the expected $4.9 billion. The stock edged up 0.30% in premarket trading as investors responded to encouraging signs of a rebound in automotive steel demand. Third-quarter steel shipments climbed to…
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Five Market Themes to Watch This Week
Investors head into the week with eyes fixed on signs of a potential cooling of tensions between the U.S. and China, as high-level meetings could take place before the end of the month. Alongside trade developments, a busy stretch of corporate earnings and the release of delayed U.S. inflation data will shape sentiment in the…
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Dow Jones, Nasdaq, S&P 500 Weekly Outlook: Tesla and Netflix Earnings Take Center Stage Before CPI
U.S. equities closed out last week on a high note, supported by renewed optimism over U.S.–China trade discussions and fading concerns from the regional bank selloff earlier in the week. The Dow Jones Industrial Average gained 238.37 points, or 0.52%, to end at 46,190.61, while the S&P 500 added 0.53% to finish at 6,664.01. The…
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Celcuity stock soars after hitting key milestone in breast cancer trial
Shares of Celcuity (NASDAQ:CELC) surged as much as 75% in premarket trading on Monday after the biotech firm announced it had completed patient recruitment for its pivotal Phase 3 breast cancer trial targeting tumors with the PIK3CA mutation. The late-stage study is evaluating a novel therapy that includes the drug gedatolisib, with the company also…
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Apple’s iPhone 17 surpasses iPhone 16 with strong early demand in U.S. and China
Apple Inc.’s (NASDAQ:AAPL) new iPhone 17 lineup is off to a strong start, outperforming its predecessor by 14% during its first 10 days on sale in the U.S. and China, according to new figures from Counterpoint Research released Monday. The standout so far has been the base model iPhone 17, which has seen sales jump…
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Dollar climbs ahead of inflation data; euro inches up as French political nerves ease
The U.S. dollar gained modestly on Monday, bouncing back from last week’s decline as traders braced for a closely watched inflation reading and kept a wary eye on signs of strain in the U.S. regional banking sector. At 04:15 ET, the Dollar Index, which measures the greenback against a basket of six major currencies, rose…
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Dow Jones, S&P, Nasdaq, Wall Street, Futures rise, iPhone 17 sales surge, Kering-L’Oréal deal — what’s driving markets today
U.S. stock futures were modestly higher on Monday, supported by optimism over a potential easing in the renewed trade tensions between the U.S. and China. At the same time, new data showed that sales of iPhone 17 from Apple (NASDAQ:AAPL) have outpaced its predecessor by 14% in the first 10 days of availability in both…
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Gold Prices Stabilize as Markets Digest Softer U.S.-China Trade Rhetoric
Gold prices firmed in Asian trading on Monday, recovering part of last week’s steep decline as investors welcomed more conciliatory remarks from U.S. officials on trade relations with China. The precious metal held near record highs, supported by persistent geopolitical uncertainty and lingering concerns over the U.S. economy. Spot gold gained 0.4% to $4,267.70 per…
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Crude Oil Slides as Trade Tensions and Oversupply Worries Weigh on Market
Oil prices slipped at the start of the week, pressured by renewed concerns over excess supply and slowing global demand as U.S.-China trade tensions intensified. By 00:32 GMT, Brent crude futures were down 24 cents, or 0.4%, at $61.05 per barrel, while U.S. West Texas Intermediate futures fell 21 cents, or 0.4%, to $57.33, reversing…