ADVFN US – Market Content Editor
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Tuesday’s Wall Street Highlights: Pinterest, BP, Wolfspeed, Arista, Lattice, Pfizer and more
US Index Futures are posting gains on Tuesday, the last day of the month, as Wall Street seeks to sustain the momentum observed in the previous session. At 06:55 AM, Dow Jones futures (DOWI:DJI) rose 105 points, or 0.32%. S&P 500 futures gained 0.22%, and Nasdaq-100 futures rose 0.03%. The yield on 10-year Treasury bonds…
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North American Morning Briefing: Lower Treasury Yields Support Sentiment
Market Wraps Watch For: Employment Cost Index for 3Q; S&P CoreLogic Case-Shiller Home Px Index for August; Chicago Business Barometer — ISM-Chicago Business Survey — Chicago PMI for October; Conference Board — Consumer Confidence for October, Canada GDP for August; Earnings from Caterpillar, GE HealthCare Technologies, Pfizer Today’s Top Headlines/Must Reads: – Workers Keep Getting…
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Stellantis Revenue Rose 7% in Q3, Sees US Strike Impact Of 3 Billion Euros
Stellantis (NYSE: STLA) reported a third-quarter net revenue of 45.14 billion euros ($ 47.82 billion) on Tuesday, surpassing the previous year’s 42.10 billion euros. Four analysts surveyed by Capital IQ had expected 43.75 billion euros. During the quarter, the company recorded consolidated shipments of approximately 1.4 million units, compared to about 1.3 million in the…
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US Futures Mixed, European Stocks Rise
U.S. futures for the S&P 500 were down 0.1% and futures for the Dow Jones Industrial Average rose 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 climbed 0.2% in morning trading. Wartsila rose 18.1% and Bouygues added 4.9%. On the other hand, BP PLC…
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Top Company News of the Day: AB InBev, X, Samsung, Apple
AB InBev Backs Views Despite Third-Quarter Miss Anheuser-Busch InBev backed its full-year guidance after third-quarter earnings missed market forecast as volumes fell 3.4%, with drops in North America offsetting rises in other areas. X Offers Employees Stock Grants Valuing the Company at $19 Billion Elon Musk previously said he sees a clear, but difficult, path…
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U.S. Stocks Show Significant Rebound Following Last Week’s Sell-Off
Stocks moved sharply higher over the course of the trading session on Monday, partly offsetting the steep losses posted last week. The major averages all showed significant moves to the upside following the mixed performance seen last Friday. The major averages pulled back off their highs going into the close but held on to strong…
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Crypto This Monday: CME Closes in on Binance in Futures, VanEck Revamps ETF Seeding, and More
VanEck modifies Bitcoin ETF strategy for SEC VanEck, the asset manager, made modifications to its Bitcoin ETF request to the Securities and Exchange Commission on October 27, adopting a unique seeding method. Seeding is the initial funding required to launch an ETF. This fund helps to create units that underpin the ETF, allowing the trading…
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U.S. Stocks May Regain Ground Following Recent Weakness
US Market The major U.S. index futures are currently pointing to a higher open on Monday, with stocks likely to regain ground following the sell-off seen last week. Traders may look to pick up stocks at reduced levels following the steep drop seen last week, which reflected ongoing concerns about the outlook for interest rates…
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McDonald’s Outperforms Sales Expectations Thanks to Affordable Menu and Exciting New Offerings
McDonald’s (NYSE:MCD) exceeded Wall Street’s third-quarter profit and sales expectations on Monday. This achievement was driven by increased demand for its more affordable burgers and fries, which appealed to customers dealing with persistently high food prices. Additionally, the company’s success was boosted by new menu launches. Despite the industry-wide price hikes last year, McDonald’s managed…
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North American Morning Briefing: Rate Decisions, Jobs Data Headline a Busy Week
Market Wraps Watch For: Earnings from McDonald’s Today’s Top Headlines/Must Reads: – Higher Bond Yields Could End the Fed’s Historic Rate Rises – Does Strong Growth Fuel Inflation? Fed Debates Whether Old Model Still Applies – Biden to Use Emergency Powers to Mitigate AI Risks Opening Call: Stock futures rose on Monday as traders eye…