ADVFN US – Market Content Editor
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Fed’s Waller: Interest Rates Are Likely High Enough To Bring Inflation Back To 2% Target
A key Federal Reserve official said Tuesday that he is “increasingly confident” that the Fed’s interest rate policies will succeed in bringing inflation back to the central bank’s 2% target level. The official, Christopher Waller, a member of the Fed’s Board of Governors, cautioned that inflation is still too high and that it’s not yet…
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American Consumers More Confident in November
As the crucial holiday shopping season gains momentum, American consumers are displaying a slightly improved sense of confidence. On Tuesday, The Conference Board, a business research group, announced that its consumer confidence index increased to 102, up from October’s 99.1. Analysts had anticipated a reading of 101. It’s worth noting that the October reading was…
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House Prices Continue To Rise
In September, single-family home prices in the United States continued their upward trajectory, although at a slower pace than anticipated, as reported by the S&P/Case-Shiller index published on Tuesday. This index, which tracks price fluctuations in the nation’s 20 major urban areas, experienced a month-on-month increase of 0.3%, falling short of the economists’ expected rate…
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North American Morning Briefing: November Rally Pauses Ahead of This Week’s PCE Report
Market Wraps Watch For: S&P CoreLogic Case-Shiller Home Px Index for September; Conference Board — Consumer Confidence for November Today’s Top Headlines/Must Reads: – The Stocks That AI Mania Left Behind – Advertising Is Dead. Long Live Advertising. – Microsoft Needs a Better Seat at OpenAI’s Table Opening Call: Stock futures wavered on Tuesday as…
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U.S. Stocks May See Further Downside In Early Trading
US Market The major U.S. index futures are currently pointing to a modestly lower open on Tuesday, with stocks likely to extend the mild pullback seen in the previous session. The downward momentum on Wall Street may reflect caution ahead of the release of several key economic reports in the coming days. On Thursday, the…
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
Today, all eyes are focused on U.S. CB consumer confidence data in a couple of hours. Economists, on average, forecast that November CB Consumer Confidence will stand at 101.0, compared to the previous figure of 102.6. Also, investors will likely focus on the U.S. S&P/CS HPI composite – 20 n.s.a, which came in at +2.2%…
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Tuesday’s Wall Street Highlights: Zscaler, Shein, 3M, Meta Platforms, and More
In the pre-market on Tuesday, U.S. index futures show uncertain movement, reflecting traders’ caution after significant gains achieved throughout November, which is nearing its close. As of 05:21 AM, Dow Jones futures (DOWI:DJI) rose 15 points, or 0.04%. S&P 500 futures fell 0.05% and Nasdaq-100 futures dropped 0.13%. The yield on 10-year Treasury bonds was…
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Shein Files For IPO Eyeing a Valuation Of Up To $90 Billion
A Shein, one of the world’s largest fast fashion platforms, has confidentially filed documents with U.S. regulators for an initial public offering (IPO) that could take place next year, according to a person familiar with the matter. The online retailer, founded in China but currently based in Singapore, is working with Goldman Sachs, JPMorgan Chase,…
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Black Friday Retail Sales Rise 2.5%
According to Mastercard SpendingPulse, Black Friday retail sales in the United States saw an increase this year, building upon the double-digit growth observed in 2022. The report from this payments technology company, which tracks retail sales both in physical stores and online across various payment methods, revealed that on Friday, November 24, U.S. retail sales,…
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US Futures, European Stocks Fall as Investors Await Fresh Cues
U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average fell 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.4% in morning trading. MorphoSys climbed 5.1% and Merlin Properties SOCIMI rose 3.6%. On the other hand,…