ADVFN US – Market Content Editor
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Banks Surprise on the Upside
Sticks and stones may break my bones but there will always be something to upset the markets. First the coronavirus pandemic, then inflation, and now corporate results. Even though Friday’s reports came in better than many had feared, analysts still expect a 4.8% decline in S&P 500 earnings. The paradox is that stronger numbers will…
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U.S. Stocks May Show A Lack Of Direction In Early Trading
US Market The major U.S. index futures are currently pointing to a roughly flat open on Monday, with stocks likely to show a lack of direction following the volatility seen in the previous session. Traders may be reluctant to make significant moves amid uncertainty about the near-term outlook for the markets and interest rates. Following…
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Monday’s Wall Street Highlights: Alphabet, Charles Schwab, State Street, Merck and more
Main subjects of the day US stock futures rose slightly on Monday as investors braced for more quarterly earnings reports. At around 9:28 am, Dow Jones Industrial Average (DOWI:DJI) futures were up 29 points, or 0.9%. S&P 500 (SPI:SP500) and Nasdaq-100 (NASDAQI:COMP) futures were up 0.06% and 0.03%, respectively. Stocks have performed impressively in recent weeks, even as the…
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Crypto this Friday: ADA and ARB Jump, Bitrue Hack, Paxos’s Whitepaper
SEC targets DeFi The US Securities and Exchange Commission (SEC) may be targeting DeFi, as it reopened a proposal from last year that would now explicitly target platforms for these crypto transactions as exchanges that need to be regulated. The SEC proposed expanding the definition of the word “exchange” in January 2022 to capture a broader swath of…
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Retail Spending Declines, U.S. Corporate Borrowing Rebounds, Russian Oil Exports Reach Three-Year High
Retail Spending Declines Retail spending declined in March due to reduced purchases of vehicles, furniture, appliances, and gasoline, likely influenced by rising interest rates. According to the Commerce Department, sales at stores, restaurants, and online decreased by 1% from the previous month, with February’s estimate also revised to a milder decline of 0.2%. Recent data…
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Big Banks Reports, Stocks Mixed, MGM Resorts to Build Japan’s First Casino
Big Banks Reports, Stocks Mixed During earnings season, big banks like JPMorgan (NYSE:JP) reported record quarterly revenue, leading to a rally in bank shares with over 6% gain. However, CEO Jamie Dimon warned of potential impact from recent financial turmoil on lending. Stocks were mixed, with the S&P 500 (SPI:SP500) and Dow Jones Industrial Average…
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Futures Pointing To Roughly Flat Open On Wall Street
US Market The major U.S. index futures are currently pointing to a roughly flat open on Friday, with stocks likely to show a lack of direction following the rally seen in the previous session. Uncertainty about the near-term outlook for the markets may lead to choppy trading on Wall Street after yesterday’s rally lifted the…
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Wall Street Highlights: JPMorgan, Wells Fargo, PNC, UnitedHealth and more
Main subjects of the day Dow Jones futures gained traction in premarket trading on Friday as investors received the first batch of corporate earnings from major banks with stronger-than-expected results. At 10.09 am EST, futures contracts linked to the Dow Jones added 37 points, or 0.11%. S&P 500 futures were flat, and Nasdaq-100 futures were…
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Lucid Q1 Vehicle Output, Delivery Down QoQ, Share Price Falls
US electric vehicle company Lucid Group Inc said on its website Thursday that production and deliveries for the quarter ending at the end of March were lower than in the previous quarter ending at the end of December. The electric vehicle maker produced 2,314 units in the first quarter at its plant in Arizona and…
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Walmart Sells Menswear Brand Bonobos for $75 million
Walmart Inc (NYSE:WMT), the largest US retailer, is selling menswear brand Bonobos to Express Inc (NYSE:EXPR) and WHP Global for $75 million. WHP Global, which owns fashion brands such as Toys “R” Us, Anne Klein and Joseph Abboud, partnered with Express earlier this year for a stake in the apparel retailer. It is the first…