Tag: NYSE:MRK
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Rising Treasury Yields May Weigh On Wall Street
The major U.S. index futures are currently pointing to initial weakness on Wall Street on Wednesday, with stocks likely to move mostly lower following the mixed performance seen in the previous session. A continued increase by treasury yields may weigh on Wall Street, as the yield on the benchmark ten-year note is seeing further upside…
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Robinhood Shares Surge 3.3% on Stock Buyback Announcement; Anglo Declines BHP Deadline Extension, and More News
Robinhood Markets (NASDAQ:HOOD) – Robinhood has launched a $1 billion share buyback program, reflecting confidence in the company. The program is expected to be executed over two to three years, starting in the third quarter of 2024, subject to market conditions. Robinhood’s shares rose 3.3% in pre-market trading. Nvidia (NASDAQ:NVDA), Apple (NASDAQ:AAPL) – Nvidia’s shares…
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Southwest Shares Tumble 9.6% Post $231 Million 1Q Loss, AstraZeneca Surges on 19% Annual Increase, and More on Earnings
Southwest Airlines (NYSE:LUV) – Southwest Airlines’ shares fell 9.6% in pre-market trading after reporting a larger first-quarter loss compared to the previous year and warned of potential delays from Boeing impacting its growth until 2025. The company plans to increase capacity by 4%, below the planned 6%, and expects a decline in revenue for the…
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GameStop Shares Tumble 20% in Pre-Market Trading Amid Revenue Decline, Direct Digital Plummets 42%, and More News
GameStop (NYSE:GME) – GameStop reported $1.79 billion in revenue for the fourth quarter, which is less than the $2.23 billion earned in the same quarter of the previous year. However, the company announced an adjusted earnings per share of 22 cents, compared to the previous year’s 16 cents per share. Shares of the video game…
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Futures Pointing To Continued Weakness On Wall Street
The major U.S. index futures are currently pointing to a lower open on Tuesday, with stocks likely to see further downside following the modest pullback seen on Monday. Traders may continue to cash in on recent strength in the markets, which lifted the S&P 500 and the Nasdaq to record closing highs last Friday. Uncertainty…
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Wall Street Highlights: HPE and Juniper Networks in Negotiations, Elliott Invests $1 Billion in Match Group, and More
U.S. index futures are registering a decline in pre-market trading this Tuesday, suggesting that the enthusiasm generated by the technology-driven recovery yesterday is losing steam. At 05:46 AM, Dow Jones futures (DOWI:DJI) fell 119 points, or 0.31%. S&P 500 futures dropped 0.32%, and Nasdaq-100 futures declined 0.45%. The 10-year Treasury bond yield stood at 4.044%.…
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Friday’s Wall Street Highlights: Applied Materials, ChargePoint, Amazon, Gap, IBM, and more
U.S. index futures are up in pre-market trading on Friday, signaling an optimistic weekly close for the three major indexes, which are heading for their third consecutive week of gains. At 06:04 AM, Dow Jones futures (DOWI:DJI) rose 76 points, or 0.22%. S&P 500 futures rose 0.20% and Nasdaq-100 futures rose 0.02%. The yield on…
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Thursday’s Wall Street Highlights: Ford, Morgan Stanley, Align Technology, Endeavor, and more
US index futures are declining in pre-market trading this Thursday, primarily due to investors’ negative reaction to companies reporting results below expectations. Meta (NASDAQ:META) saw a 2.8% drop in pre-market trading, citing an uncertain economic environment as the reason, while Alphabet (NASDAQ:GOOGL) lost 1.7% due to disappointing cloud-related numbers. Amazon (NASDAQ:AMZN), which will release results…
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Friday’s Wall Street Highlights: SolarEdge, Intuitive Surgical, Knight-Swift, HPE, and more
US index futures were declining in pre-market trading on Friday following comments by Federal Reserve Chairman, Jerome Powell, regarding the potential for future interest rate hikes. Additionally, escalating tensions between Israel and Hamas have dampened investor enthusiasm. As of 06:56 AM, Dow Jones futures (DOWI:DJI) were down by 86 points, or 0.26%. S&P 500 futures…
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Tuesday’s Wall Street Highlights: Ford Motor, Coty, JPMorgan, Merck, Tesla, AIG, and more
US index futures are down in Tuesday’s pre-market, reflecting the ongoing risk aversion observed in recent days. Investors are concerned about the prospect of higher interest rates for an extended period and are closely monitoring developments both in China and the United States. In addition to the trajectory of Treasury rates, which has been a…