ADVFN US – Market Content Editor
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Upbeat Earnings News May Spark Early Rally On Wall Street
The major U.S. index futures are currently pointing to sharply higher on Wall Street on Wednesday, with stocks likely to see an early rally following the mixed performance seen in the previous session. Stocks may benefit from a positive reaction to some of the latest corporate earnings news from companies like Advanced Micro Devices (NASDAQ:AMD).…
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US Index Futures Up Ahead of Fed Decision; Oil Prices Surge Amid Middle East Tensions
US index futures indicate a higher open in pre-market trading this Wednesday, as investors focus on the Federal Reserve’s monetary policy decision and Jerome Powell’s press conference. Earnings highlights include Boeing, Mastercard, Kraft Heinz, Meta Platforms, Arm Holdings, and Qualcomm. At 5:24 AM, Dow Jones futures (DOWI:DJI) rose 169 points, or 0.41%. S&P 500 futures…
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AMD Shares Surge 9% on Earnings Beat; Match Group Rises 10%, Pinterest & Lemonade Drop 13%, and More Earnings Updates
Advanced Micro Devices (NASDAQ:AMD) – The semiconductor and processor company reported adjusted second-quarter earnings of 69 cents per share and $5.84 billion in revenue, beating the 68 cents and $5.72 billion forecasts, respectively. AI chip revenue exceeded $1 billion in the second quarter. AMD raised its AI chip sales forecast to $4.5 billion in 2024,…
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ASML Rises 7% on Export Waiver; Intel Plans Layoffs, HSBC $3B Buyback Announced, and More
ASML Holding NV (NASDAQ:ASML) – Semiconductor stocks rose globally after news that the US will exempt chipmakers in Japan, the Netherlands, and South Korea from new export restrictions. This followed discussions on the Foreign Direct Product rule, potentially impacting China. ASML’s stock rose 7.6% pre-market. Intel (NASDAQ:INTC) – Intel plans to cut thousands of jobs…
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Nasdaq Moves Sharply Lower As Tech Stocks Slump But Dow Moves Higher
After ending yesterday’s choppy trading session narrowly mixed, the major U.S. stock indexes moved in more starkly opposite directions during trading on Tuesday. While the tech-heavy Nasdaq moved sharply lower, the Dow ended the day firmly positive. The Nasdaq tumbled 222.78 points or 1.3 percent to 17,147.41, ending the session at its lowest closing level…
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Futures Pointing To Another Lackluster Session On Wall Street
The major U.S. index futures are currently pointing to a roughly flat open on Tuesday, with stocks likely to extend the lackluster performance seen over the course of the previous session. Traders may remain reluctant to make significant moves ahead of the Federal Reserve’s monetary policy announcement on Wednesday. The Fed is widely expected to…
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U.S. Futures Climb Before Fed Meeting; Oil Prices Drop on China Demand Worries
U.S. index futures rose slightly in pre-market trading on Tuesday, with major corporate earnings and the start of the Federal Reserve’s policy meeting in focus. The Fed’s two-day meeting, starting today, will be crucial for future rate cut expectations. At 4:59 AM, Dow Jones futures (DOWI:DJI) rose 30 points, or 0.07%. S&P 500 futures gained…
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F5 Shares Rise 15%; Diageo Falls 10% on Annual Sales Decline; BP Boosts Dividend and Buyback Program
F5 (NASDAQ:FFIV) – The security and networking solutions company reported adjusted earnings of $3.36 per share in the third fiscal quarter, beating LSEG’s estimate of $2.97 per share. Revenue was $695 million, above the expected $686 million. F5 shares rose 15.4% in pre-market trading. Diageo Plc (NYSE:DEO) – Diageo Plc faced its first annual sales…
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Toyota Reports Another Global Production Decline, Delta Sues CrowdStrike, Meta Launches AI Studio for Custom Chatbots
Toyota Motor (NYSE:TM) – Toyota’s global production fell 12.9% in June to 795,862 vehicles, marking the fifth consecutive month of decline. The automaker faced certification issues in Japan and intense price competition in China, contributing to significant reductions both domestically and internationally. In other news, Toyota President Akio Toyoda stated he might not be re-elected…
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U.S. Stocks Finish Choppy Trading Session Little Changed
Stocks moved to the upside early in the session on Monday but showed a lack of direction over the course of the trading day. The major averages spent the day bouncing back and forth across the unchanged line after posting strong gains last Friday. The major averages eventually ended the session narrowly mixed. While the…