Futures

Futures: Inflation Data Due; Musk Sells More Tesla Stock

Futures: Inflation Data Due; Musk Sells More Tesla Stock

Dow Jones futures tilted higher overnight, along with S&P 500 futures and Nasdaq futures, with the July CPI inflation report on tap before Wednesday’s open. Elon Musk sold $6.9 billion worth of Tesla stock in the past three trading sessions. X The stock market rally lost ground, pulling back from resistance levels as Micron Technology …

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Dow Jones Futures: Stock Market Rally Faces Key Inflation Report

Dow Jones Futures: Stock Market Rally Faces Key Inflation Report

Dow Jones futures were higher after Monday’s stock market action. On Wednesday, a key inflation report — the Labor Department’s consumer price index — is due out. And Nvidia stock dived more than 6% after the chip giant issued a revenue warning in the current quarter. X American International (AIG), Novavax (NVAX), Shockwave Medical (SWAV) …

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Stock futures tick up ahead of the July jobs report

Stock futures tick up ahead of the July jobs report

Amazon to acquire iRobot in $1.7 billion deal Amazon will acquire iRobot for $61.00 per share, the consumer robot company announced on Friday. The all-cash transaction is valued at approximately $1.7 billion, including iRobot’s net debt. Shares of iRobot were halted on the news. The sale price of $61 per share is a 22% premium …

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Sterling falls as BoE expects recession, U.S. futures up

Sterling falls as BoE expects recession, U.S. futures up

Bank of England hikes rates by 50 basis points BoE expects recession throughout 2023 Fed official: 50bp hike in Sept “reasonable” Oil stabilises after hitting six-month low Lufthansa returns to operating profit LONDON, Aug 4 (Reuters) – Sterling fell on Thursday after the Bank of England followed its counterparts in the United States and euro …

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Dow Jones Futures: What To Do Ahead Of Fed Meeting

Dow Jones Futures: What To Do Ahead Of Fed Meeting

Dow Jones futures were squarely lower following Monday’s stock market action. The Federal Reserve’s two-day meeting will kick off Tuesday, followed by an interest-rate policy decision Wednesday afternoon. X Late Monday, Apple chipmaker NXP Semiconductors (NXPI) reported strong Q2 results, but the stock still fell almost 2% in extended trade. NXP shares are forming a …

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Futures Fall As Snap Hits Online Giants; 5 Stocks Near Buy Points

Futures Fall As Snap Hits Online Giants; 5 Stocks Near Buy Points

Dow Jones futures fell modestly overnight, along with S&P 500 futures and Nasdaq futures, as Intuitive Surgical and especially Snap weighed on several online giants. The stock market rallied, with Tesla (TSLA) and lower Treasury yields driving the Nasdaq higher. X There’s growing optimism that the market bottomed in mid-June. The Nasdaq could be ready …

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Dow Jones Futures: Stock Market Stages Nasty Reversal

Dow Jones Futures: Stock Market Stages Nasty Reversal

Dow Jones futures were higher following Monday’s nasty stock market reversal ahead of Netflix earnings, due out Tuesday. Tesla earnings are on deck for Wednesday. X Earnings season continues, with reports out from Dow Jones stock IBM (IBM) and Johnson & Johnson (JNJ), along with Halliburton (HAL) and Lockheed Martin (LMT). IBM reported late Monday, …

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Rally Runs Into China Wall With Inflation Data Due; Futures Rise

Rally Runs Into China Wall With Inflation Data Due; Futures Rise

Dow Jones futures tilted lower overnight, along with S&P 500 futures and Nasdaq futures. The stock market rally fell back from key resistance Monday amid inflation and recession concerns heading into key economic data, along with renewed China concerns. X The Nasdaq, which led last week’s gains on the major indexes, suffered the biggest losses …

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U.S. stocks slide to start the week as China COVID restrictions spark global growth fears

U.S. stocks slide to start the week as China COVID restrictions spark global growth fears

U.S. stock futures stumbled on Monday as China COVID fears sparked fresh global growth concerns. How stocks are trading The Dow Jones Industrial Average DJIA fell 174 points or 0.6%, to 31,164. The S&P 500 SPX shed 44 points, or 1.1%, to 3,856. The Nasdaq Composite COMP was down 218 points, or 1.9%, at 11,417. …

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