ADVFN US – Market Content Editor
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U.S. Producer Prices Increased More Than Expected In January
Following yesterday’s hotter than expected consumer price inflation data, the Labor Department released a report on Thursday showing U.S. producer prices also increased by slightly more than anticipated in the month of January. The Labor Department said its producer price index for final demand rose by 0.4 percent in January after climbing by an upwardly…
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Optimism About Ukraine Peace Deal May Generate Early Buying Interest
The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks likely to extend the recovery from the sell-off seen early in the previous session. The markets may benefit from optimism about a possible peace deal between Russia and Ukraine following comments from President Donald Trump. Trump said he…
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Hertz Losses Wider Than Expected, Sending Shares Down
Car rental company Hertz Global (NASDAQ:HTZWW) saw its shares tumble premarket after it reported a wider-than-expected quarterly loss and missed revenue estimates. The company’s fourth quarter loss per share was $1.18, considerably over analysts’ expectations of a $0.65 loss. Revenue was $2.04 billion, also below the consensus estimate of $2.13 billion. Hertz’s shares fell 11%…
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Kraft Heinz Outlook Disappoints, Leading To Downgrade By BofA And Citi
Kraft Heinz (NASDAQ:KHC) has seen its stock downgraded by Bank of America and Citi after poor results and a disappointing outlook. The company posted a fourth straight quarter of missed sales targets, with net sales down 4.1% to $6.6bn in the three months to 28 December, as higher prices pushed shoppers away to cheaper alternatives. Sales…
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Datadog’s Earnings Beat Expectation But Weak Guidance Sends Shares Down 14%
Cloud monitoring and security platform provider Datadog (NASDAQ:DDOG) reported its earnings for the fourth quarter beat analyst expectations, but the company issued guidance that feel short of estimates. As a result, shares fell 14% in premarket trading. The company posted adjusted earnings per share of $0.49, beating the analyst consensus of $0.43. Revenue for the…
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U.S. Stocks Regain Ground After Early Sell-Off, Nasdaq Closes Slightly Higher
After moving sharply lower early in the session, stocks showed a notable recovery attempt over the course of the trading day on Wednesday. The major averages climbed well off their worst levels of the day, with the tech-heavy Nasdaq reaching positive territory. The Nasdaq inched up 6.09 points or less than a tenth of a…
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U.S. Consumer Prices Up More Than Expected In January
Consumer prices in the U.S. increased by more than expected in the month of January, according to a report released by the Labor Department on Wednesday. The Labor Department said its consumer price index advanced by 0.5 percent in January after climbing by 0.4 percent in December. Economists had expected consumer prices to rise by…
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Hotter Than Expected Inflation Data May Trigger Sell-Off On Wall Street
The major U.S. index futures are currently pointing to a sharply lower open on Wednesday, with stocks likely to come under pressure after ending yesterday’s choppy trading session narrowly mixed. The futures plunged following the release of a closely watched Labor Department report showing consumer prices in the U.S. increased by more than expected in…
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U.S. Stocks Finish Choppy Trading Day Narrowly Mixed
Following the rebound seen during Monday’s session, stocks fluctuated over the course of the trading day on Tuesday. The major averages swung back and forth across the unchanged line as the day progressed before eventually closing narrowly mixed. While the Nasdaq fell 70.41 points or 0.4 percent to 19,643.86, the S&P 500 (SPI:SP500) crept up…
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Ford CEO Complains About ‘Cost and Chaos’ of Trump Tariffs
The CEO of automaker Ford Motor (NYSE:F), Jim Farley, has said that U.S. President Trumps tariffs have added “a lot of cost and a lot of chaos,” although he said that he believes the president’s aim is to strengthen the American auto industry overall. The company is looking at areas where it can build up…