ADVFN US – Market Content Editor
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
Today, all eyes are focused on the U.S. Federal Reserve’s monetary policy decision later in the day. U.S. rate futures have priced in a 99.7% chance for the Fed to keep its federal funds rate range unchanged at 5.25-5.50%. In addition, market participants will be closely observing Fed Chair Jerome Powell’s post-decision press conference for…
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US Futures Slip, European Stocks Rise Ahead of Fed Decision
U.S. futures for the S&P 500 were down 0.2% and futures for the Dow Jones Industrial Average declined 0.3%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.5% in morning trading. Dr. Martens rose 4% and Uniper added 3.5%. On the other hand, Oersted…
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Top Company News of the Day: AMD, WeWork, BHP, Toyota
AMD’s revenue outlook comes in light, but cCompany gives a rosy AI forecast The company came up short with its revenue forecast but talked up its opportunities in artificial intelligence WeWork Plans to File for Bankruptcy as Early as Next Week Once a venture capital-backed star with an astronomical valuation, the flexible-office-space provider is now…
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U.S. Stocks Move Moderately Higher After Recovering From Early Weakness
Stocks moved back to the downside in early trading on Tuesday but have shown a significant turnaround over the course of the session. The major averages have bounced well off their early lows and into positive territory. Currently, the major averages are just off their highs of the session. The Dow is up 95.06 points…
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Crypto This Tuesday: Record-Breaking Profitable BTC Addresses, Tether Bolsters Reserves in Q3, and More
Bitcoin maintains stability after changes in the Bank of Japan’s liquidity policy Bitcoin (COIN: BTCUSD) is trading at around $34,300 following changes in the Bank of Japan’s (BOJ) approach to its “yield curve control” (YCC) program. The BOJ has chosen to consider the 1% limit for 10-year government bonds as a reference instead of a…
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Futures Pointing To Modestly Higher Open On Wall Street
US Market The major U.S. index futures are currently pointing to modestly higher open for the markets on Tuesday, with stocks likely to extend the significant rebound seen in the previous session. Bargain hunting may contribute to continued strength on Wall Street, as stocks remain at relatively reduced levels even after yesterday’s rally. However, traders…
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Keep An Eye Out: Pre-Market Movers And Analyst Recommendations
Pre-Market U.S. Stock Movers Pinterest Inc (NYSE:PINS) soared over +16% in pre-market trading after the company reported upbeat Q3 results. NVIDIA Corporation (NASDAQ:NVDA) fell about -0.5% in pre-market trading following a report by the Wall Street Journal, which indicated that the latest U.S. export restrictions on high-end chips could potentially lead the company to cancel…
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Caterpillar’s Profit Surges Amidst Strong Demand for Construction Equipment
On Tuesday, Caterpillar (NYSE:CAT) reported an increase in third-quarter earnings, driven by robust infrastructure investments in key markets that spurred demand for its premium construction equipment. Before the market opened on Tuesday, the company’s shares were up by 3.3%. The demand for heavy machinery has been on the upswing as the United States undertakes significant…
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Pfizer Swings to Q3 Adjusted Loss, Revenue Falls
On Tuesday, Pfizer (NYSE:PFE) announced its first quarterly deficit since 2019, attributing it primarily to charges associated with its COVID-related products, including the antiviral treatment Paxlovid and the Comirnaty vaccine, which it developed in collaboration with BioNTech. For the third quarter, the company reported a Q3 adjusted loss Tuesday of $0.17 per diluted share, swinging…
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Pre-Bell Ahead of More Corporate Earnings; Asia Mixed, Europe Strong
US stock futures continued their upward trajectory ahead of Tuesday’s opening bell, with investors closely monitoring the latest financial results from several major corporations. Futures for the Standard & Poor’s 500 rose by 0.2%, the Dow Jones Industrial Average gained 0.4%, and the Nasdaq saw a modest 0.1% increase during premarket trading. Meanwhile, Asian exchanges…