ADVFN US – Market Content Editor
-
Top Company News of the Day: UBS, Aramco, Nintendo, WeWork
UBS Reports Loss as Credit Suisse Costs Weigh UBS swung to a wider-than-expected net loss in the third quarter, as Credit Suisse integration-related expenses weighed. Aramco Profits Fall on Lower Prices Saudi Arabia’s national oil company reported a drop in third-quarter profits to $33 billion due to lower energy prices and volumes sold. Nintendo Raises…
-
U.S. Stocks Finish Lackluster Session Modestly Higher
After moving sharply higher over the course of the previous week, stocks turned in a relatively lackluster performance during trading on Monday. The major averages spent most of the day lingering near the unchanged line before closing modestly higher. While the Nasdaq climbed 40.50 points or 0.3 percent to 13,518.78 and the S&P 500 rose…
-
Crypto This Monday: XRP Hits 3-Month High, Telegram to Launch Crypto Wallet, and More
Bitcoin maintains gains on hopes of favorable monetary policy Bitcoin (COIN:BTCUSD) and other cryptocurrencies remained stable after a recovery, with optimism that the Fed may stop raising interest rates. Bitcoin fluctuated slightly, staying above $35,000, far from the lows of May 2022, reflecting an increase of about 30% in weeks. Confidence is returning to the…
-
Traders May Take A Breather To Digest Recent Surge
US Market The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the strong upward move seen last week. Traders may be reluctant to make significant moves as the digest last week’s rally, which reflected easing concerns about the outlook…
-
Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
In the coming week, investors will be monitoring a spate of economic data, including the U.S. Exports, Imports, Trade Balance, Wholesale Inventories, Crude Oil Inventories, Initial Jobless Claims, and Michigan Consumer Sentiment (preliminary). In addition, several Fed officials will be making appearances this week, including Cook, Waller, Williams, Logan, and Jefferson. In other news, oil…
-
Monday’s Wall Street Highlights: Berkshire Hathaway, Tesla, GM, Unilever, and more
U.S. index futures indicate a positive opening on Monday, driven by the anticipation of an end to the Federal Reserve’s interest rate hike cycle. As of 06:28, Dow Jones futures (DOWI:DJI) rose 19 points, or 0.06%. S&P 500 futures gained 0.17%, and Nasdaq-100 futures increased by 0.20%. The yield on 10-year Treasury notes stood at…
-
North American Morning Briefing: Stocks Look to Extend Latest Rally
Market Wraps Watch For: Employment Trends Index for October Today’s Top Headlines/Must Reads: – These Funds Offer a Way to Lock In High Bond Yields – Foreign Firms Pull Billions in Earnings Out of China – Markets Got an Unexpected Boost From Washington. Will It Mark a Turning Point? Opening Call: Stock futures nudged higher…
-
US Futures, European Stocks Rise
U.S. futures for the S&P 500 were up 0.1% and futures for the Dow Jones Industrial Average climbed 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.2% in morning trading. Idorsia added 9% and Ryanair Holdings rose 5.8%. On the other hand, Aroundtown…
-
Top Company News of the Day: Telecom Italia, LVMH, Bain, Tesla
Telecom Italia Backs KKR’s $20 Billion Offer for Network Assets Telecom Italia has approved the sale of its fixed-line network to KKR , part of a plan by the former monopoly to reduce increasingly unmanageable amounts of debt. LVMH to Buy Eyewear Brand Favored by the Stars A deal for Barton Perreira comes as the…
-
U.S. Stocks Extend Rally Following Weaker Than Expected Jobs Data
Capping off a strong week for the markets, stocks moved considerably higher during the trading session on Friday. The Dow and the S&P 500 closed higher for the fifth straight day, while the tech-heavy Nasdaq extended its winning streak to six sessions. The major averages pulled back off their best levels going into the close…