Breaking News: Markets

BUSINESS

South Korea inflation, U.S. jobs report, China Covid-zero

Singapore, New York ranked the most expensive cities to live in: EIU Singapore and New York have been ranked as the most expensive cities to live in this year, according to the Economist Intelligence Unit (EIU). EIU’s survey showed the average price of goods in 172 major cities globally rose 8.1% in local currency terms […]

Read More
BUSINESS

S&P 500 futures fall slightly as investors await Friday’s U.S. jobs data

S&P 500 futures were slightly lower Thursday night as investors looked ahead to the November jobs report. Futures tied to the benchmark stock index dipped 0.15%. Dow Jones Industrial Average futures were lower by 0.15% and Nasdaq 100 futures fell 0.25%. Shares of tech companies were on the move in after-hours trading following quarterly results. […]

Read More
BUSINESS

Stock futures slip after Wednesday’s rally

Stock futures slipped Thursday, a day after a sharp rally on Wall Street. Futures tied to the Dow Jones Industrial Average traded 48 points lower, or 0.1%. Nasdaq-100 futures fell 0.1%, while S&P-500 futures were near flat. Salesforce’s stock shed 7% in premarket trading on news that co-CEO Bret Taylor is stepping down. Snowflake shares […]

Read More
BUSINESS

South Korea GDP, Caixin Manufacturing PMI, Japan Consumer Confidence

Japanese yen strengthens after Powell commentary on smaller hikes Temasek’s $245 million FTX loss ’caused reputational damage’ to Singapore, says deputy prime minister Singapore’s Deputy Prime Minister Lawrence Wong said the state sovereign wealth fund’s investment loss of $275 million in collapsed crypto exchange FTX is “disappointing and has caused reputational damage” to the city-state. But […]

Read More
HEALTH

What increasing hope for Biogen Alzheimer’s drug means for Eli Lilly

Wall Street increasingly believes U.S. drug regulators will approve Biogen ‘s (BIIB) latest experimental Alzheimer’s treatment following the release of detailed late-stage clinical trial data. It’s a development that may carry positive implications for Eli Lilly (LLY) because the Club holding is investigating a similar drug targeting the disease. Lecanemab — jointly developed by Biogen […]

Read More
BUSINESS

Wall Street’s bullish on 3 Club stocks Wednesday

Apple (AAPL), Constellation Brands (STZ) and Ford Motor (F) were subject to Wall Street research on Wednesday. Here’s the latest analyst commentary on these Club holdings, along with our view. Apple Analyst take: Baird lowered its estimate for iPhone manufacturing in Apple’s fiscal first quarter by 8 million units, citing persistent challenges at an assembly […]

Read More
BUSINESS

Dow sheds more than 100 points as investors digest mixed economic signals, await Powell speech

The Dow Jones Industrial Average fell Wednesday as Wall Street waded through new economic data and awaited an afternoon speech on the economy from Federal Reserve Chair Jerome Powell. The 30-stock index lost 179 points, or 0.5%. The S&P 500 shed 0.2%, while the Nasdaq Composite added 0.2%. Investors were hit with conflicting economic reports […]

Read More
BUSINESS

Stock futures rise as Wall Street awaits Fed Chair Powell’s speech

Stock futures rose Wednesday as Wall Street awaits a speech from Federal Reserve Chair Jerome Powell. Futures tied to the Dow Jones Industrial Average gained 27 points, or 0.1%. S&P 500 futures and Nasdaq 100 futures climbed 0.2% and 0.4%, respectively. Powell will give a speech at the Brookings Institution that may give insight into […]

Read More
BUSINESS

China’s factory activity data misses expectations; Asia-Pacific markets mixed

China’s factory activity misses expectations, contracts for a second straight month China’s official manufacturing Purchasing Managers’ Index for November came in at 48, below the 50-point mark that separates growth from contraction. That’s lower than the expectations of analysts polled by Reuters, who predicted a reading of 49. October’s PMI was 49.2. PMI readings are sequential and […]

Read More
BUSINESS

Stock futures rise after major averages slide on Covid unrest in China

Traders work on the floor of the New York Stock Exchange (NYSE), September 6, 2022. Brendan McDermid | Reuters U.S. stock futures were higher on Tuesday morning after the major averages came under pressure from Covid protests in China, and as investors anticipated more economic data and commentary from Federal Reserve leaders this week. Dow […]

Read More