ADVFN US – Market Content Editor
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Market Reaction: Dollar, stocks slip amid still tight U.S. Labor Market:
The dollar saw a slight decline, and global equities faced some pressure on Thursday as investors grappled with U.S. unemployment benefits data that indicated a labor market that still had some tightening to do, coupled with the Federal Reserve’s commitment to maintaining higher interest rates for an extended period. European stocks managed to recover after…
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Keep An Eye Out: Pre-Market Movers And Recommendations
ANALYST RECOMMENDATIONS: Advanced Micro Device: Baird maintains its outperform rating and reduces the target price from $170 to $125. Amphenol: BNP Paribas Exane maintains its outperform recommendation with a target price of $93. Best Buy: Truist Securities maintains its hold recommendation with a price target reduced from $80 to $74. Centerpoint: KeyBanc Capital Markets upgrades…
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Rebound By Treasury Yields May Lead To Pullback On Wall Street
US Market The major U.S. index futures are currently pointing to a lower open on Thursday, with stocks likely to move back to the downside following the rebound seen in the previous session. Traders remain focused on activity in the bond market, with a rebound by treasury yields weighing on the stock futures. Treasury yields…
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U.S. Trade Deficit Shrinks to Three-Year Low in August, Boosting Economic Outlook
In August, the United States saw its trade deficit shrink to its lowest level in nearly three years, surpassing expectations and potentially bolstering economic growth in the third quarter. According to the Commerce Department, the trade deficit contracted by 9.9% to $58.3 billion, marking the lowest figure since September 2020. July’s data was also revised,…
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US Initial Jobless Claims Increase Less Than Expected
In the week ending September 30, initial jobless claims in the United States increased to 207,000, up slightly from the revised upward figure of 205,000 reported in the previous week. This was slightly below the analyst consensus, which had anticipated a larger rise to 210,000 as of 7:15 am ET. However, there was a more…
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Thursday’s Wall Street Highlights: Orchard Therapeutics, Exxon Mobil, Alphabet, Ford, and more
US index futures are down in Thursday’s pre-market trading, with Wall Street struggling to sustain the positive momentum from the previous session, as investors await crucial labor market data. At 06:47 AM, Dow Jones futures (DOWI:DJI) were down by 78 points, or 0.23%. S&P 500 futures fell 0.20% and Nasdaq-100 futures were down 0.12%. The…
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North American Morning Briefing: Stock Futures, Bonds Steady Ahead of More Jobs Data
Market Wraps Watch For: Trade for August; Weekly Jobless Claims; Canada Trade for August; Fed speak from Mary Daly, Loretta Mester Today’s Top Headlines/Must Reads: – Rising Interest Rates Mean Deficits Finally Matter – Amazon, Microsoft Face UK Competition Probe Over Cloud Dominance – FTX Employees Found Alameda’s Secret Backdoor Months Before Collapse Opening Call:…
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US Futures Slip, European Stocks Mixed
In the U.S. futures for the S&P 500 were down 0.3% and futures for the Dow Jones Industrial Average fell 0.2%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 gained 0.2% in morning trading. Pandora added 7.6% and Bawag Group rose 6.3%. On the other…
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Top Company News of the Day: Exxon, Doosan Robotics, Canva, Casino
Exxon expects profit bump from oil prices of around $1 billion in third quarter Exxon Mobil Corp. said in a filing late Wednesday that its third-quarter profit is likely to get a bump of roughly $1 billion from rising crude prices. Doosan Robotics Shares Surge in South Korea Debut Shares of Doosan Robotics surged in…
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U.S. Stocks Close Mostly Higher As Treasury Yields Pull Back Off 16-Year Highs
After turning in a lackluster performance early in the session, stocks moved mostly higher over the course of the trading day on Wednesday. The major averages all moved to the upside on the day, bouncing off their lowest closing levels in four months. The major averages all finished the day firmly positive, with the tech-heavy…