ADVFN US – Market Content Editor
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Treasury Yields Dip on Weak US Jobs and Confidence Data
Weaker-than-expected job creation and consumer confidence data in the US have brought down yields on the US Treasury debt market. Treasuries are now pricing in a lower likelihood of another Federal Reserve rate hike this year, with yields at their lowest levels in more than a week. The two-year yield, which is more sensitive to…
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European Stocks Close Higher, Following Gains In NY
The main indices of the European stock market ended this Tuesday’s trading session higher, driven by positive global sentiment, while investors also await important economic data forecast for the coming days. Stocks react to US labor market data. The Jolts report showed that the country had 8.827 million open positions, the lowest number since March…
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Jolts: US Job Openings Fall To 8.827 Million In July
Job openings in the United States fell to 8.827 million in July, according to the Jolts report, published today (29) by the country’s Department of Labor. The result was below the expectation of consulted analysts, of 9.5 million vacancies. July numbers hit the lowest level since March 2021 showing signs of a more flexible job…
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June Sees Home Price Increase, Yet Elevated Mortgage Rates Add Complexity to Housing’s Future
The month of June marked the fifth consecutive month of rising home prices, fueled by persistent demand outpacing supply and a backdrop of elevated mortgage rates. In June, the S&P Case-Shiller US National Composite home price index exhibited a 0.7% increase compared to May on a seasonally adjusted basis. This mirrored the 0.7% rise recorded…
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U.S. Stocks May Move Back To The Downside In Early Trading
US Market U.S. stocks settled firmly in positive territory on Monday despite seeing some wild swings during the course of the day’s session. The major averages all closed notably higher. The Dow settled with a gain of 213.18 points or 0.62 percent at 3,560.08. The S&P 500 ended up 27.57 points or 0.63 percent at…
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Vinfast, Wall Street’s New Frenzy
Vietnamese electric vehicle manufacturer Vinfast’s (NASDAQ:VFS) shares surged another 30% in pre-market trading on Wall Street on Monday, extending a recovery from the previous week that more than quadrupled its market value to $160 billion. The company made an impressive debut on Wall Street earlier this month, and its valuation quickly rose to become the…
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3M Agrees To Pay $6 billion To Settle Lawsuits Over U.S. Military Earmuffs
On Monday, 3M (NYSE:MMM) agreed to pay $6.01 billion to settle nearly 260,000 lawsuits brought by current and former members of the US military who claim to have suffered hearing loss due to the use of the company’s earplugs, according to a person familiar with the matter. The settlement comes after a failed attempt by…
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Keep An Eye Out: Pre-Market Movers And Recommendations
AT&T (NYSE:T): Citi upgrades to buy from neutral. PT up 20% to $17. Celanese (NYSE:CE): Piper Sandler downgrades to underweight from neutral. PT down 7.8% to $112. Forward Air (NASDAQ:FWRD): Jefferies upgrades to buy from hold. PT up 20% to $85. Hersha Hospitality (NYSE:HT): Barclays upgrades to equal-weight from underweight. PT up 2.1% to $10.…
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North American Morning Briefing: Investors Look Ahead to Some Key Data This Week
Market Wraps Watch For: S&P CoreLogic Case-Shiller Home Price Index for June; Conference Board Consumer Confidence for August; Earnings from Bank of Montreal, Best Buy, HP, Hewlett Packard Enterprise, PDD Today’s Top Headlines/Must Reads: – Chinese Stocks Are in a Slump-and Value Investors Are Excited – Chevron Workers in Australia Set Date for Work Bans,…
