ADVFN US – Market Content Editor
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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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Tuesday’s Wall Street Highlights: Alphabet, Verizon, Joann, Intel, Catalent, and more
US Index Futures are marginally lower in Tuesday’s premarket, awaiting important economic data, which may define the trajectory of interest rates around the world. By 6:51 AM, Dow Jones futures (DOWI:DJI) were down 7 points, or 0.02%. S&P 500 futures were down 0.01% and Nasdaq-100 futures were down 0.01%. The 10-year Treasury yield was at 4.21%. On…
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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,…
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US Futures, European Stocks Rise
In the U.S. futures for the S&P 500 were up 0.1% 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 0.6% in morning trading. NN Group rose 9.2% and Grand City Properties added 7.1%. On…
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Top Company News of the Day: 3M, Chevron, BYD, Zip Co.
3M Board Approves $6 Billion Earplug Settlement Payments are expected to be paid out over multiple years, and the total is substantially less than some analysts expected. Chevron Workers in Australia Set Date for Work Bans, Stoppages The walkout threats bring concerns of a sudden drop in liquefied natural gas exports, disruptions to global gas…