Photographers take photos near a large screen showing stock prices on the Tokyo Stock Exchange (TSE) after the market opened on October 2, 2020 in Tokyo, Japan. Portal/Kim Kyung-Hoon/File Photo Acquire License Rights SYDNEY, Nov 24 (Portal) – Asian stocks were dragged lower by China on Friday as Wall Street, closed for a holiday, was … [Read more…]
Oil prices fall as OPEC postpones its meeting Oil futures plunged on Wednesday after OPEC postponed an upcoming meeting, but recovered during the afternoon. West Texas Intermediate (CL=F) futures fell less than 1% to settle above $77 a barrel. Yahoo Finance’s Ines Ferre reports: OPEC+, a Saudi-led consortium of the world’s largest oil producers, announced … [Read more…]
(Bloomberg) — The dollar weakened and stocks rose in Asia on increasing speculation that the Federal Reserve is nearing the end of its tightening cycle. Most read by Bloomberg The U.S. currency weakened against all of its Group of 10 currencies after dovish comments from Federal Reserve officials last week bolstered bets that the central … [Read more…]
Stock trends in afternoon trading Here are some of the stocks topping Yahoo Finance’s Trend Ticker page during afternoon trading on Friday: ChargePoint (CHPT): The electric vehicle charging company plunged more than 30% on Friday after reporting preliminary third-quarter results that showed revenue would fall to as much as $108 million, well below the expected … [Read more…]
An hour ago Biggest risers: Siemens Energy rises 7%, Alstom falls 10% Siemens Energy shares rose more than 7% in early trading after the company secured 7.5 billion euros ($8.15). billion) in project-related state guarantees from the federal government. The German economy ministry said late Tuesday that it had granted the backstop as part of … [Read more…]
3 hours ago Chinese EV Inventories Rise; Keep an eye on Xpeng’s quarterly results Hong Kong-listed shares of Chinese electric vehicle makers jumped in early afternoon trading. Shares of BYD, Nio, Xpeng and Li Auto rose between 2.47% and 6.11%. The markets in Asia rose across the board following positive economic data from China. A … [Read more…]
People walk past a screen displaying the Hang Seng stock index in the Central District in Hong Kong, China, October 25, 2022. Portal/Lam Yik/File Photo Acquire LICENSE RIGHTS SINGAPORE, Nov 14 (Portal) – Asian stocks rose slightly on Tuesday, ahead of a key U.S. inflation report that could have a big impact on the Federal … [Read more…]
Morgan Stanley predicts that the S&P 500 will be at 4500 at the end of 2024 Morgan Stanley’s Mike Wilson expects stocks to remain nearly flat in 2024. Wilson forecast S&P 500 (^GSPC) earnings growth to $229 per share, leading to a year-end target for the benchmark index of 4,500. This target represents an upside … [Read more…]
Check out the companies making headlines in midday trading. Groupon – Shares plunged 39.5%, a day after the online marketplace company reported third-quarter revenue and global gross billings that fell short of expectations. In addition, the company approved a fully underwritten rights offering to shareholders of $80 million. Wynn Resorts – The resort and casino … [Read more…]
The stock market is having a good year in 2023, reversing a brutal 2022 S&P 500 The index is up 23% so far and is more volatile Nasdaq Composite is up 52% as of this writing. Both market trackers are essentially back to where they were at the end of 2021. But some stocks didn’t … [Read more…]