5 minutes ago FedEx and General Mills are the leading premarket moving companies FedEx is the story of the morning on Wall Street, with delivery inventory plunging 10% before the bell following a disappointing second-quarter report. Here are some other notable premarket movers: General Mills – Shares of the food company fell 3% after General … [Read more…]
53 minutes ago Investors welcome “new paradigm,” says Vital Knowledge According to Vital Knowledge’s Adam Crisafulli, this week marked a big change for the stock market that could push share prices even higher. “Stocks in general are extending gains as investors embrace the new paradigm in which monetary policy around the world is finally turning … [Read more…]
Traders work on the floor of the New York Stock Exchange (NYSE) during morning trading on December 14, 2023 in New York City. Angela Weiss | Afp | Getty Images U.S. stock futures rose on Friday as the Dow Jones Industrial Average looked to add to this week’s gains that have taken the 30-stock average … [Read more…]
3 hours ago The Invesco Solar ETF rises more than 5% as the Fed releases interest rate cut forecast The Federal Reserve’s plans for three rate cuts in 2024 helped boost the Invesco Solar ETF (TAN) on Wednesday. The fund rose almost 5.6%. The prospect of lower interest rates is good news for solar stocks. … [Read more…]
52 minutes ago The producer price index for November will be published on Wednesday November’s producer price index, scheduled to be released Wednesday morning, is expected to show a 0.1% increase, compared with a 0.5% decline a month earlier, according to economists surveyed by Dow Jones. Excluding food and energy, an increase of 0.2% is … [Read more…]
20 minutes ago CPI rises 0.1% month-on-month in November The consumer price index rose 0.1% in November compared to the previous month. Economists polled by Dow Jones expected the CPI to remain flat month-to-month. Year-on-year pressure was 3.1%, in line with expectations. Excluding energy and food, CPI rose 0.3% month-on-month and 4% year-on-year – also … [Read more…]
Traders work on the floor of the New York Stock Exchange (NYSE) in New York City, USA, December 7, 2023. Brendan Mcdermid | Portal U.S. stock futures were slightly higher on Sunday evening as investors await the Federal Reserve’s final meeting of 2023 this week for signals on when central bankers will begin cutting interest … [Read more…]
U.S. stock futures were mixed on Thursday, with the Dow likely to start in the red again as investors again looked to jobs data to guide interest rate developments. Dow Jones Industrial Average (^DJI) futures fell nearly 0.2%, while S&P 500 (^GSPC) futures were largely flat after both posted a third straight closing loss on … [Read more…]
25 minutes ago Bitcoin surpasses $40,000 Bitcoin has topped $40,000, a new annual high, as investors are bullish ahead of a possible U.S. approval of a Bitcoin exchange-traded fund and traders bet that the Federal Reserve will start cutting interest rates next year. Bitcoin was recently up 6% to around $42,000. The cryptocurrency is now … [Read more…]
45 minutes ago Pfizer shares are falling after the company stops developing experimental weight-loss drugs Pfizer shares fell about 4% in premarket trading after the drugmaker decided to stop developing a twice-daily version of its weight-loss drug due to adverse side effects. “At this time, the twice-daily danuglipron formulation will not advance to Phase 3 … [Read more…]