ADVFN US – Market Content Editor
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Top Company News of the Day: Lenovo, China Huarong, Tata Technologies, Wuxi XDC, Cisco
Lenovo’s Profit Falls, But Tops Consensus Lenovo Group’s net profit fell 54% in its fiscal second quarter due to a high base in the same period last year when market conditions were more favorable. China Huarong to Buy Stake in Citic for Over $1.7 Billion State-owned China Huarong Asset Management has agreed to buy a…
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U.S. Stocks Move Modestly Higher, Adding To Yesterday’s Substantial Gains
Following the substantial rally seen in the previous session, stocks saw some further upside during trading on Wednesday. The major averages fluctuated over the course of the session but managed to end the day modestly higher. The Nasdaq inched up 9.45 points or 0.1 percent to a three-month closing high of 14,103.84, and the S&P…
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U.S. Stocks May Continue To Benefit From Interest Rate Optimism
US Market The major U.S. index futures are currently pointing to a higher open on Wednesday, with stocks likely to extend the substantial rally seen in the previous session. The markets may continue to benefit from optimism about the outlook for interest rates following yesterday’s tamer than expected consumer price inflation data. Potentially adding to…
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Retail Sales Slip In October As Consumers Pull Back After Summer Splurges
In October, Americans scaled back their retail spending, breaking a streak of six consecutive months of growth. However, this decline was partly attributed to decreasing prices for gasoline and automobiles. According to a report released by the Commerce Department on Wednesday, retail sales decreased by 0.1% last month, following a robust 0.9% increase in September.…
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US Producer Prices Slide 0.5% In October, Biggest Drop Since 2020.
Wholesale prices experienced a significant decline last month as inflationary pressures continued to ease despite a year and a half of higher interest rates. According to a report by the Labor Department on Wednesday, the producer price index, which gauges inflation before it affects consumers, saw a 0.5% drop in October compared to September, marking…
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
Pre-Market U.S. Stock Movers JD.com (NASDAQ:JD) gained over +4% in pre-market trading after the retailer reported better-than-expected Q3 results. Solid Biosciences (NASDAQ:SLDB) surged about +27% in pre-market trading after announcing that the FDA cleared the company’s IND for Duchenne gene therapy candidate SGT-003. Edgio (NASDAQ:EGIO) soared over +20% in pre-market trading following the announcement that…
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North American Morning Briefing: Stocks Seen Building on CPI Rally; PPI Data Due
Market Wraps Watch For: PPI; Retail Sales; EIA Weekly Petroleum Status Report; Fedspeak from Barr, Barkin; Earnings from Target, TJX, Palo Alto Networks, Cisco Systems Today’s Top Headlines/Must Reads: – The Elusive Soft Landing Is Coming Into View – What to Watch in the Retail Report: Is Spending Cooling as Holidays Arrive? – While All…
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US Futures, European Stocks Rise
U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average rose 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.5% in morning trading. Orpea added 690.3% and Siemens Energy rose 4.4%. On the other hand, Alstom…
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Top Company News of the Day: Berkshire Hathaway, Toyota, Amazon, GM
Warren Buffett’s Berkshire Hathaway Sheds Investments in GM, J&J, P&G Berkshire’s stock portfolio is concentrated in five companies: Apple, Bank of America, American Express, Coca-Cola and Chevron. New Toyota Camry to Be Sold Only as Hybrid In redesigning the popular midsize car, Toyota is ditching a gas-only version as it works to expand hybrid options…
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Tamer Than Expected Inflation Data Ignites Rally On Wall Street
With tamer than expected inflation data generating considerable buying interest, stocks showed a substantial move to the upside during trading on Tuesday. The major averages all moved sharply higher after ending Monday’s trading narrowly mixed. The major averages pulled back off their highs of the session going into the close but still posted strong gains.…