Tag: SPI:SP500
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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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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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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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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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Boeing Halts Deliveries, Gold Prices Soar, Teck Rejects Merger
US Stocks Rise US stocks rose on Thursday after lower-than-expected inflation data increased hopes of a possible slowdown in the Federal Reserve’s tightening cycle. The S&P 500 (SPI:SP500) and Nasdaq (NASDAQI:NDX) both saw gains of 1.3% and 1.9% respectively. In Europe, stocks also edged higher on Friday, with the Stoxx 600 (STOXX:SSXP) up 0.2%, set…
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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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Wall Street Highlights: Delta Air Lines, Merck, IBM, Philip Morris and more
Main Subjects of the Day US stock futures gained strength on Thursday after another report pointed to cooling inflation. By 9:54 AM ET (12:54 GMT), Dow Jones futures were up 70 points, or 0.21%. S&P 500 and Nasdaq futures were up 0.36% and 0.56%, respectively. The March producer price index, a measure of prices paid by…
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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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Rising Global Government Debt, UK Economy Stagnant in February, Uncertainty Fed’s Next Moves
Rising Global Government Debt The IMF projects that global general government debt, including borrowing by central and local governments and government-owned institutions, will reach 93.3% of global GDP this year and gradually rise to 99.6% by 2028. In 2018, the debt-to-GDP ratio was 82.8%, and it reached a recent peak of 99.7% in 2020. The…
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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…