ADVFN US – Market Content Editor
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Optimism About Interest Rate Outlook May Lead To Continued Strength On Wall Street
US Market The major U.S. index futures are currently pointing to a higher open on Thursday, with stocks likely to extend the upward move seen over the past few sessions. Optimism about the outlook for interest rates may contribute to strength on Wall Street following the Federal Reserve’s monetary policy announcement on Wednesday. The Fed…
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North American Morning Briefing: Mood Lifted on Hopes Rate-Hike Cycle Has Peaked
Market Wraps Watch For: Weekly Jobless Claims; Preliminary Productivity and Costs for 3Q; Earnings from Apple, Eli Lilly, Starbucks Today’s Top Headlines/Must Reads: – How Higher Rates for Longer Can Be Good News for the Economy – Fed Takes Heart in a Supply-Side Boom – The UAW Beat Detroit. Tesla Will Be a Different Beast…
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US Futures, European Stocks Rise Ahead of BOE Rate Decision
U.S. futures for the S&P 500 were up 0.4% 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 0.9% in morning trading. Scatec rose 16% and Atos added 10.7%. On the other hand, Netcompany Group…
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Top Company News of the Day: Novo Nordisk, JPMorgan, Shein, Disney
Novo Nordisk Continues to Limit Supply of Blockbuster Weight-Loss Drug Novo Nordisk is gradually expanding supply capacity for its blockbuster weight-loss drug, but said it will continue to limit supply of lower-strength doses of the Wegovy medicine in the U.S. as it seeks to safeguard supplies. Why Jamie Dimon Changed His Mind on Europe After…
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U.S. Stocks Move Sharply Higher Amid Optimism The Fed Is Done Raising Rates
After moving mostly higher early in the session, stocks saw further upside over the course of the trading day on Wednesday. The Dow closed higher for the third consecutive session, climbing further off last Friday’s seven-month closing low. The major averages pulled back off their highs going into the close but held on to strong…
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Fed Keeps Interest Rates Unchanged, Citing High Inflation And Firm Wage Gains; Treasury hits 2-week low
The Federal Reserve’s Federal Open Market Committee (FOMC) kept the United States’ benchmark interest rate unchanged in the range between 5.25% and 5.50% this Wednesday, in line with market consensus. Today’s FOMC decision was “unanimous.” In the statement released with the decision, the FOMC reported that recent indicators suggest that American activity has been expanding…
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Traders May Cash In On Recent Gains As Fed Announcement Looms
US Market The major U.S. index futures are currently pointing to a modestly lower open on Wednesday, with stocks likely to give back ground after moving mostly higher over the two previous sessions. Traders may look to cash in on the recent strength in the markets ahead of the Federal Reserve’s monetary policy announcement this…
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U.S. Private Sector Employment Increases Less Than Expected In October
A report released by payroll processor ADP on Wednesday showed private sector employment in the U.S. increased by less than expected in the month of October. ADP said private sector employment climbed by 113,000 jobs in October after rising by 89,000 jobs in September. Economists had expected employment to jump by 150,000 jobs. “In all,…
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North American Morning Briefing: Fed Decision, Treasury Funding Announcement in Focus
Market Wraps Watch For: ADP National Employment Report for October; ISM Report on Business Manufacturing PMI for October; Interest-rate decision; EIA Weekly Petroleum Status Report; Earnings from CVS Health, Kraft Heinz, Mondelez International Today’s Top Headlines/Must Reads: – Fed Officials Debate Whether They Have Raised Rates Enough – UAW Deal Shows Unions Are Winning. How…
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WeWork’s Stock Plummets as Reports of Upcoming Bankruptcy Filing Emerge
WeWork (NYSE:WE) experienced a sharp decline in its stock value, plunging over 35% in premarket trading on Wednesday. This drastic drop followed reports in the media that the flexible workspace provider was contemplating filing for bankruptcy as early as the upcoming week. The New York-based company, grappling with a substantial debt burden and consistent losses…