Tag: NYSE:HSBC
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Thursday’s Wall Street Highlights: Nvidia, Best Buy, Palantir, Snowflake and more
US Index Futures are upbeat for a possible solution to the U.S. debt ceiling impasse, with S&P 500 futures posting a one-week high and technology stocks soaring after chipmaker Nvidia Inc. issued a bright revenue forecast. Dow Jones Industrial Average futures fell after Fitch Ratings placed top-rated US bonds on negative watch due to stalled talks…
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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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UBS Anticipates Cash Boost, ServiceNow Launches Share Buyback, JD Sports Reports Profit Drop
UBS Anticipates Cash Boost UBS (NYSE:UBS), the Swiss bank, anticipates receiving a substantial cash boost from its acquisition of Credit Suisse, a former competitor, amounting to billions of dollars. The combined firms’ negative goodwill, resulting from the purchase of a rival below tangible book value, has reached $34.8 billion as of the end of 2022.…
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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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Friday’s Wall Street Highlights: Jobs report, Apple, Lyft, Coinbase, Carvana and More
On Friday, US stock futures are higher after four consecutive days of losses, as investors weigh the jobs data and the possibility of an interest rate cut from the Federal Reserve. Also, there was a rebound in regional bank stocks, led by PacWest Bancorp, after a week of losses. Apple’s better-than-expected results also boosted sentiment. By 8:31…
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Thursday’s Wall Street Highlights: PacWest, Salesforce, Shell, Moderna and more
On Thursday, US stock futures saw a pullback as investors eyed the Fed’s recent decision, as well as ongoing banking sector stress and Apple’s upcoming earnings release. By 8:07 AM, Dow Jones futures were down 131 points, or -0.39%. S&P 500 futures were down -0.41%, while Nasdaq-100 futures were down 0.15%. On Wednesday, the Dow fell…
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Morgan Stanley’s Profit Declines, Sega Acquires Angry Birds, Merck’s $10.8 Billion Acquisition
US Equities Decline on Mixed Earnings US equity futures declined while bond yields rose on Wednesday as traders analyzed the most recent corporate earnings reports against the background of another high inflation print from one of the world’s major economies. The rates-sensitive Nasdaq 100 (NASDAQI:NDX) fell 0.8%, and the S&P 500 (SPI:SP500) was down 0.6%.…
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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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LSE to Clear Crypto Derivatives, Tesco Struggles with Inflation Impact, Delta Air Lines Reports Q1 Loss
US Equities Rise on Soft Inflation Data US equities traded higher on Thursday as the latest readings on jobs and factory-gate inflation came in slightly softer than expected, which provided a boost to those hoping for a potential end to the era of aggressive interest rate hikes by the Federal Reserve. The S&P 500 (SPI:SP500)…
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UMG Urges AI Music Restrictions, Harita Nickel Valued at $5.5 Billion, De La Rue Revises Forecasts
Smaller Company Shares Gain Shares of smaller companies and those in cyclical industries, such as materials and energy, saw gains in a quiet trading session on Tuesday ahead of the release of U.S. inflation data. The S&P 500 (SPI:SP500) remained nearly unchanged, while the Russell 2000 index climbed 0.8%, marking the second consecutive session of…