ADVFN US – Market Content Editor
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U.S. Stocks Close Little Changed Following Post-Fed Volatility
Stocks saw typically volatility following the Federal Reserve’s highly anticipated monetary policy announcement on Wednesday. The major averages showed wild swings before ending the day narrowly mixed. While the Dow rose 82.05 points or 0.2 percent to 35,520.12, extending its winning streak to 13 sessions, the S&P 500 edged down 0.71 points or less than…
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Coca-Cola Net Profit Rises 34% In The 2nd Quarter to $2.547 Billion
Coca-Cola (NYSE:KO) reported net income of US$ 2.547 billion in the second quarter of 2023, which represents an increase of 34% compared to the same period of the previous year. On the same basis of comparison, revenue totaled US$ 11.972 billion, an increase of 6%. The results reflect the increase in sales, the consumer base…
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Microsoft Net Income Up 20% In Fiscal Fourth Quarter To $20.1 Billion
Microsoft (NASDAQ:MSFT) reported net income of $20.1 billion in the fourth fiscal quarter of 2023 (ended June 30), up 20% from the same period a year ago. Diluted earnings per share were $2.69, up from $2.23 a year ago, while operating profit was $24.2 billion, up 18% year-on-year. The company’s revenue expanded 8% in the…
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Alphabet Profit Rises 14.75% In The Second Quarter To $18.36 Billion
Alphabet, parent company of Google (NASDAQ:GOOGL), reported net income of US$ 18.36 billion in the fiscal second quarter, ended on June 30, a result 14.75% higher than the net profit of US$ 16 billion presented between April and June 2022. Net earnings per share for the second quarter were $1.44, beating Refinitiv analysts’ expectations for…
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Crypto This Wednesday: Binance NFT Launches Bixel Generator, Singapore Recognizes Cryptocurrencies as Property, and More
Dogecoin reacts buoyed by payment speculation on Twitter, while Bitcoin awaits Fed announcement Meme cryptocurrency Dogecoin (COIN:DOGEUSD) posted a 10% increase on Tuesday, its biggest single-day gain since April 3, boosted by speculation of its use as a payment mechanism on Twitter’s rebranded platform. At the time of publication, the DOGE reversed down -5.19%. Meanwhile, Bitcoin (COIN:BTCUSD)…
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Traders May Cash In On Recent Strength Ahead Of Fed Decision
US Market The major U.S. index futures are currently pointing to a modestly lower open on Wednesday, with stocks likely to give back ground after moving mostly higher over the two previous sessions. Traders may look to cash in on recent strength in the markets ahead of the Federal Reserve’s monetary policy decision this afternoon.…
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Wednesday’s Wall Street Highlights: Microsoft, Coca-Cola, Dish Network, UPS, PacWest and more
US Index Futures operate in decline this Wednesday, as well as European markets, reverberating results of large corporations and caution before the decision of monetary policy in the United States. By 6:52 AM, Dow Jones futures (DOWI:DJI) were down 73 points, or 0.21%. S&P 500 futures were down 0.17%, while Nasdaq-100 futures were down 0.30%. The 10-year…
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North American Morning Briefing: Stock Futures Struggle as Fed Awaited
Market Wraps Watch For: New Home Sales for June; EIA Weekly Petroleum Status Report; Fed interest rate decision; earnings from AT&T, Boeing, Coca-Cola, Meta Platforms Today’s Headlines/Must Reads – Should Fed Stick to Script With Rate Hike as Inflation Wanes? – Biotech Stocks Join AI-Fueled Rally – Google and Microsoft Paying Big to Play in…
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US Futures Mixed, European Stocks Mostly Down as Market Awaits Fed Decision
In the U.S., futures for the S&P 500 were flat and futures for the Dow Jones Industrial Average declined 0.1%. Changes in futures do not necessarily predict movements after the opening bell. In Europe, the Stoxx Europe 600 dropped 0.2% in morning trading. Polymetal International added 23.3% and Rolls-Royce Holdings rose 23%. On the other…
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Top Company News of the Day: NatWest, Deutsche Bank, Rio Tinto, Santander
NatWest CEO Steps Down After Political Fallout From Closed Account Alison Rose had talked to a BBC journalist about the account of Nigel Farage, a leading Brexit campaigner. Deutsche Bank Hit by Higher Costs, Plans EUR1 Billion Return Deutsche Bank posted a lower second-quarter net profit of EUR763 million after it booked higher costs and…