Tag: NYSE:BAC
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Wall Street Highlights for Wednesday: CPI, Airbnb, Twilio, Alphabet, Upstart and more
US Index Futures reversed higher after the latest inflation reading. Dow Jones futures were up 0.2%, while S&P 500 and Nasdaq-100 futures were up more than 0.3% each. The consumer price index, which measures the cost of a wide range of goods and services, rose 0.4% in April, despite more than a year of Federal Reserve…
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First Republic Stock Plunges As Deposits Plummet In Q1
Shares fell 20% in after-hours trading after First Republic Bank said Monday that deposits plunged more than $100 billion in the first quarter and it was exploring options such as restructuring its balance sheet. This sharp drop in deposits overshadowed the beleaguered bank’s better-than-expected quarterly earnings. First Republic managed to weather the crisis by injecting…
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Jobless Claims Exceed Expectations, US Home Sales Decline, UK Consumer Confidence Rises
Jobless Claims Exceed Expectations The US labour department reported 245,000 new initial jobless claims in the week ending April 15, which exceeded economists’ expectations of 240,000 claims. This was an increase in the pace of new claims, led by California, New York, Massachusetts and Texas, based on preliminary figures not adjusted for seasonal changes. US…
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Wednesday’s Wall Street Highlights: Western Alliance, Morgan Stanley, ASML, Tesla and more
Main subjects of the day US stock futures fell on Wednesday as investors digested double-digit inflation in the UK that triggered government bond sales, and the latest batch of quarterly earnings. By 8:39 AM, Dow Jones futures were down 122 points, or -0.36%. S&P 500 and Nasdaq-100 futures fell -0.63% and -0.85%, respectively. Treasury yields soared…
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Netflix’s Mixed Revenue Results, Goldman’s Profit Fall, Tesla Cuts Model Prices Again
Netflix’s Mixed Revenue Results Netflix (NASAQ:NFLX) reported Q1 2023 revenues of $8.16bn, a 4% YoY rise, beating analysts’ estimates, but its Q2 estimate of $8.24bn was less than the $8.47bn expected by Wall Street analysts. The news initially caused a 10% drop in Netflix shares during after-hours trading, but they later recovered. The company also…
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Tuesday’s Wall Street Highlights: Goldman Sachs, Bank of America, J&J, Apple and more
Main subjects of the day US stock futures were higher in premarket Tuesday, buoyed by first quarter earnings from J&J and Bank of America, which suggested companies are doing better than feared in this challenging economic environment. At 08h12, Dow Jones futures gained 37 points, or +0.11%. S&P 500 and Nasdaq-100 futures were up 0.40% and…
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US Default Concerns Rise, UK Restricts Second-Home Rentals, European Gas Prices Decline
FBI Arrests Alleged Leaker The FBI arrested Jack Teixeira, the alleged leader of an online group that leaked American intelligence files. Merrick Garland, America’s top prosecutor, stated that Teixeira, a 21-year-old man employed in the intelligence wing of the Massachusetts Air National Guard, is accused of illegally sharing “classified national defense information” and will be…
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Apple’s Production Shift to India, Decline in Customer Deposits, Investors Reluctant towards Risky Debt
European Equities and Inflation Data European equities rose along with US equity futures on Thursday as investors analyzed inflation data and comments from policymakers to determine the future direction of global central bank rate hikes. The Stoxx Europe 600 Index (STOXX:SSXP) posted a modest gain after a member of the European Central Bank’s Governing Council…
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U.S. Wall Street Inflation Relief, Bitcoin Flows and HODLing, Volvo Group’s Record Results
Wall Street Inflation Relief Wall Street stocks rose and Treasuries rallied on Wednesday as US inflation data came in slightly lower than expected, alleviating pressure on the Federal Reserve to raise interest rates. The benchmark S&P 500 climbed 0.6% in early trade, led by technology and basic material stocks. The Nasdaq Composite, which is heavily…
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Bitcoin Surpasses $30,000 Milestone, Banks to Reveal Significant Withdrawals
US Stocks Rebound After Easter After a dip at the opening, US stocks rebounded as markets reopened from the Easter weekend. Investors were cautious about potential interest rate rises from the Federal Reserve. The S&P 500 (SPI:SP500) closed slightly higher, while the Nasdaq Composite ended the day flat after an early drop. Bitcoin Surpasses $30,000…