ADVFN US – Market Content Editor
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U.S. Stocks May Lack Direction Early On As Traders Digest Jobs Report
US Market The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to extend the lackluster performance in the previous session in early trading. The futures have fluctuated following the release of a closely watched Labor Department report showing employment in the U.S. increased by less than…
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Payroll: US Creates 187,000 Jobs In July, Below Market Expectations
The United States created 187,000 jobs in July, according to the employment report (payroll) this Friday (4), released by the US Bureau of Statistics. The unemployment rate, in turn, stood at 3.5% in the last month, compared to 3.6% in June. The number came below the expectations of economists, who predicted the creation of 200,000…
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Friday’s Wall Street Highlights: Amazon, Apple, Fortinet, Atlassian, DraftKings, and more
US index futures are higher on Friday, buoyed by quarterly results and anticipation of the US employment report. By 6:59 AM, Dow Jones (DOWI:DJI) futures were up 5 points, or 0.01%. S&P 500 futures were up 0.18%, while Nasdaq-100 futures were up 0.31%. The 10-year Treasury yield was at 4.186%. Retail sales in the euro zone had a…
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North American Morning Briefing: Stocks Seen Higher But Jobs Report to Drive Direction
Market Wraps Watch For: Employment Report for July; Canada Labour Force Survey for July; earnings from Enbridge Today’s Headlines/Must Reads – Hiring Has Stayed Strong. Here’s Where to Look for Signs of Cooling – Stocks Have Had a Great Year. Cue the September Effect – Amazon Shines During Apple’s Off-Season – China Has Become a…
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US Futures Up, European Stocks Mixed Ahead of US Jobs Data
In the U.S. futures for the S&P 500 were up 0.3% and futures for the Dow Jones Industrial Average increased 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 was flat in morning trading. Credit Agricole rose 4% and Viaplay Group Series B rose 2.7%.…
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Top Company News of the Day: KKR, Wells Fasrgo, SocGen, Apple, Amazon
Private-Equity Firm KKR in Advanced Talks to Buy Simon & Schuster for Roughly $1.65 Billion Book publisher was put up for sale for the second time after a judge blocked a previous deal with Penguin Random House. Wells Fargo, SocGen to Settle With SEC, CFTC Over Use of Messaging Apps Truist Financial also disclosed this…
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Apple Sees Third Straight Quarter of Falling Sales, Amazon Delivers Surprisingly Strong Profit
Wells Fargo, SocGen to Settle With SEC, CFTC Over Use of Messaging Apps Truist Financial also disclosed this week that some of its subsidiaries have received requests for information from regulators related to compliance with record-keeping requirements. Apple Sees Third Straight Quarter of Falling Sales, but Services Unit Hits Record Sales of iPhones missed analyst…
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Apple Sees Drop In Demand For Smartphones In Its Fiscal Third Quarter
Apple (NASDAQ:AAPL) has been able to boost its revenue from services, including advertising, payments, video streaming and cloud storage, in a long-standing strategy to offset slumping demand for smartphones. But the advance in services was not enough to cushion the global retreat in sales of smartphones, which collaborated with the drop in the company’s revenue…
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Amazon Expands Revenue And Has Higher-Than-Expected Q2 Profit
Amazon (NASDAQ:AMZN) reported net income of US$ 6.75 billion and earnings per share of US$ 0.65 in the second quarter of 2023. The result was above the forecast of analysts consulted by Factset, of earnings per share of US$ 0.35 . In the second quarter of 2022, the company lost $2 billion, or $0.20 per…
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U.S. Stocks Close Modestly Lower Ahead Of Jobs Report
After an early move to the downside, stocks fluctuated over the course of the trading session on Thursday. The major averages bounced back and forth across the unchanged line before closing modestly lower. The Dow slipped 66.63 points or 0.2 percent to 35,215.89, the Nasdaq edged down 13.73 points or 0.1 percent to 13,959.72 and…