ADVFN US – Market Content Editor
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US Futures Up, European Stocks Down as Markets Digest Fed Comments
U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average climbed 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 fell 0.5% in morning trading. GN Store Nord rose 11.6% and IMCD rose 3.3%. On the other hand,…
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Top Company News of the Day: Meta, Microsoft, SoftBank, SMIC
Meta Strikes Deal to Return to China After 14 Years Chinese videogame maker Tencent agrees to start selling a new lower-cost headset from Meta late next year. Microsoft Temporarily Blocked Internal Access to ChatGPT, Citing Data Concerns The company later restored access to the chatbot, which is owned by OpenAI. SoftBank Group Shares Slump After…
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30-Year Bond Auction, Powell Remarks Lead To Pullback On Wall Street
Stocks showed a lack of direction for much of morning trading on Thursday but came under considerable pressure in the afternoon. The major averages all showed notable moves to the downside, with the Nasdaq and the S&P 500 snapping their longest winning streaks in two years. The major averages climbed off their worst levels going…
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Crypto This Thursday: BlackRock Registers iShares Ethereum Trust, Ethereum Surpasses $2,000, and More
Bitcoin’s volatility reflects significant price and market capitalization fluctuations Bitcoin (COIN:BTCUSD) once again exhibited its well-known market instability, briefly reaching the $38,000 mark before retreating to around $36,500. This movement was mirrored by its market capitalization, which saw an increase from $715 billion to $740 billion before regressing to the initial level. It’s worth noting…
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Upward Momentum May Lead To Continued Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a modestly higher open on Thursday, with stocks likely to move to the upside after ending the previous session little changed. The markets may continue to benefit from recent upward momentum, which has seen the Nasdaq and the S&P 500 extend their winning streaks…
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Thursday’s Wall Street Highlights: Nvidia, Duolingo, Disney, Virgin Galactic, Applovin, and more
U.S. index futures are mixed in Thursday’s pre-market, reflecting a scenario influenced by both divergent quarterly results and unfavorable economic indicators emerging from China. Investors are eagerly focusing on the upcoming speech by Jerome Powell, Chairman of the Federal Reserve, in search of signals that could guide market trends. At 06:34, Dow Jones futures (DOWI:DJI)…
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North American Morning Briefing: Traders Await Powell Speech
Market Wraps Watch For: Weekly Jobless Claims; World Agricultural Supply & Demand Estimates (WASDE) Today’s Top Headlines/Must Reads: – Goolsbee Says Fed Will Need to Monitor Risks of Overshooting on Rates – Goldman adds half-point to estimate on where Fed rates will settle – Google Antitrust Trial Exposes Deepening Rift With Microsoft Opening Call: Stock…
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US Futures, European Stocks Down as Powell Speech Eyed
U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average declined 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 declined 0.3% in morning trading. Nexi climbed 6.5% and Schneider Electric climbed 5.4%. On the other hand, S4…
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Top Company News of the Day: AstraZeneca, Rheinmetall, SoftBank, Sony
AstraZeneca Ups Core EPS Guidance Despite Profit Miss AstraZeneca raised its full-year guidance for core earnings per share and total revenue excluding Covid-19 medicines despite a lower third-quarter profit that missed forecasts. Rheinmetall Backs Guidance After Boost in Sales, Orders Rheinmetall confirmed its guidance for the year after third-quarter sales and orders grew on the…
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U.S. Stocks Close Little Changed Following Lackluster Session
Stocks showed a lack of direction over the course of the trading day on Wednesday, with the major averages bouncing back and forth across the unchanged line after trending higher over the past several sessions. The major averages eventually ended the session narrowly mixed. While the Dow edged down 40.33 points or 0.1 percent to…