Tag: NYSE:BK
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Moody’s Downgrades US Banks Over Rising Costs And Office Exposure
Moody’s Investors Service has downgraded the credit ratings of 10 small and medium-sized U.S. banks and said it may downgrade larger creditors, including the U.S. Bancorp (NYSE:USB) , Bank of New York Mellon Corp (NYSE:BK), State Street Corp (NYSE:STT) and Truist Financial Corp (NYSE:TFC), as part of a comprehensive review of mounting pressures on the…
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Wednesday’s Wall Street Highlights: ASML, Carvana, Microsoft, Meta Platforms and More
US Index Futures rose slightly premarket on Wednesday on anticipation of corporate earnings, a day after the Dow Jones hit its longest streak of gains since 2021. By 6:52 AM, Dow Jones (DOWI:DJI) futures were up 38 points, or 0.11%. S&P 500 futures were up 0.03%, while Nasdaq-100 futures were up 0.12%. The 10-year Treasury yield is at…
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Tuesday’s Wall Street Highlights: Novartis, BofA, Dollar General, Uber, Masimo and more
US Index Futures operate without a defined direction in pre-market on Tuesday, awaiting economic data and corporate earnings, while European markets undergo adjustments and operate higher. By 6:53 AM, Dow Jones (DOWI:DJI) futures were up 2 points, or 0.01%. S&P 500 futures were down -0.07%, while Nasdaq-100 futures were down -0.15%. The 10-year Treasury yield is at 3.76%.…
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Crypto this Tuesday: SEC Sues Coinbase, Swift and Chainlink Join Forces, and More
Coinbase shares drop after SEC legal actions Shares in Coinbase Global Inc (NASDAQ:COIN) are down more than 11% at press time on June 6, as the cryptocurrency exchange is the subject of legal action by the SEC, which alleges unregistered operations. SEC Chairman Gary Gensler commented: “ Coinbase’s alleged flaws deprive investors of critical protections, including rulebooks…
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Tuesday’s Wall Street Highlights: PacWest, Yelp, Oracle, Lowe’s and more
US Index Futures had a flat open, with indexes hovering just below the flat line as the market focused on budget disputes in Washington. By 6:40 AM, Dow Jones futures were down 21 points, or 0.06%. S&P 500 futures were down 0.02%, while Nasdaq-100 futures were down 0.02%. The 10-year Treasury yield was at 3.746%. West Texas Intermediate…
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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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Market News: European Stocks Rise, Led by Deutsche Bank, Banks Extend Services to Crypto, Salesforce Shakes Off Proxy Fight
European Stocks Rise, Led by Deutsche Bank European stocks opened higher on Monday, led by Deutsche Bank (NYSE:DB) and other financial stocks, indicating a growing sense of confidence among investors about the health of the banking sector. The Stoxx 600 (STOXX:SSXP) rose 0.9%, while the Dax (DBI:DAX) and Cac 40 (EU:PX1) increased by 0.8%, and…