ADVFN US – Market Content Editor
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US Futures Slip, European Stocks Mixed Ahead of Economic Data
U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average decreased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. Ericsson B rose 8.7% and ams-OSRAM climbed 5%. On the other hand, Nokia…
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Top Company News of the Day: Meta, IBM, CVS, AT&T
Meta and IBM Launch AI Alliance Meta Platforms and IBM launched a coalition of more than 50 AI companies and research institutions that are pushing a so-called open model of AI, hoping to gain traction in a fast-growing market. CVS Plans to Overhaul How Much Drugs Cost The nation’s largest drugstore chain is set to…
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U.S. Stocks Finish The Day In The Red But Well Off Early Lows
Stocks showed a notable move to the downside in early trading on Monday, giving back ground after turning in a strong performance last Friday. The major averages subsequently climbed well off their worst levels but still ended the day in negative territory. The Nasdaq slid 119.54 points or 0.8 percent to 14,185.49 and the S&P…
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Crypto This Monday: Bitcoin Surpasses 41K, Mantle Innovates with Ethereum Staking Protocol, and More
Investments in crypto assets reach new highs Asset managers such as CoinShares, Bitwise, Grayscale, ProShares, and 21Shares have reported an influx of $176 million in crypto assets in the last week, marking a total of $1.76 billion in 10 weeks. This period of inflows is the most significant since the launch of bitcoin futures-based ETFs…
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Manufactured Goods New Orders Report Expected
The Commerce Department is scheduled to release its report on new orders for manufactured goods in the month of October at 10 am ET. Factory orders are expected to tumble by 2.6 percent in October after surging by 2.8 percent in September.
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U.S. Stocks May Give Back Ground Following Recent Strength
The major U.S. index futures are currently pointing to a lower open on Monday, with stocks likely to give back ground after ending last Friday’s trading mostly higher. Traders may look to cash in on the recent strength in the markets after the Dow and the S&P 500 ended the previous session at their best…
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Investment Insights: Expert Analyst Opinions on Adobe, Broadcom, Comcast, Fair Isaac, Salesforce…
3M Company: Barclays upgrades to equalweight from underweight with a price target raised from $98 to $107. Adobe: Barclays maintains its equalweight recommendation and raises the target price from $640 to $680. AT&T: BNP Paribas Exane initiates an underperform recommendation with a target price of $13. Autozone: JP Morgan maintains its overweight recommendation and raises…
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Spotify To Cut About 17% Staff
Spotify Technology (NYSE:SPOT), a digital music, podcast, and video service provider, has announced its plans to reduce its workforce by approximately 17% as part of cost-cutting measures aimed at improving productivity and efficiency. This decision will impact approximately 1,500 employees, according to reports. In pre-market trading on the NYSE, Spotify shares were up by more…
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Base Metals Pulled Back, Gold Softened
Base metals pulled back, with investors looking ahead to Friday’s U.S. nonfarm payrolls figure and how it will affect Fed policy. “Weaker job numbers on Friday would push the dollar lower and lever our commodity markets higher,” Peak Trading Research said. Gold prices softened, having spiked during the Asian trading hours and after hitting a…
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Oil Futures Down
Oil futures were down more than 1%, giving up Asian gains, on uncertainties around the OPEC+ voluntary output cuts and global demand growth. Meanwhile, geopolitical tensions in the Middle East intensified as Israel resumed combat operations in Gaza and after Iran-backed Houthi forces in Yemen claimed responsibility for attacks against a U.S. destroyer and three…