SINGAPORE — Shares in Asia-Pacific rose in Friday morning trade, with investors monitoring shares of Alibaba in Hong Kong after the Chinese tech giant posted better-than-expected fourth-quarter earnings on Thursday. The Nikkei 225 in Japan gained 1.41% as shares of conglomerate SoftBank Group surged 5%. The Topix index advanced 1.08%. South Korea’s Kospi also jumped 1.22%. In Australia, the S&P/ASX …
Traders on the floor of the NYSE, May 17, 2022. Source: NYSE Stock futures dipped in overnight trading as the S&P 500 attempted to snap a seven-week losing streak. Futures on the Dow Jones Industrial Average shed about 60 points, or 0.2%. S&P 500 futures eased 0.2% and Nasdaq 100 futures ticked down 0.1%. Retail corporate earnings continued after the …
Here are Thursday’s biggest calls on Wall Street: Morgan Stanley reiterates Apple as overweight Morgan Stanley said in a note Wednesday night that reports of iPhone 14 delays are overblown. “Our supply chain checks don’t indicate delays, and looking at past flagship iPhone launches, there’s minimal impact to FY shipments or AAPL stock performance when a model launch is delayed.” …
U.S. Treasury yields were mostly flat Thursday, as investors digested the latest Federal Reserve meeting minutes. The yield on the benchmark 10-year Treasury note fell marginally to 2.74%. The yield on the 30-year Treasury bond moved 1 basis point higher to 2.974%. Yields move inversely to prices, and 1 basis point is equal to 0.01%. The Fed released the minutes …
Stock picks and investing trends from CNBC Pro: U.S. Fed minutes released Wednesday showed officials are prepared to move ahead with several 50 basis point interest rate hikes. The Federal Open Market Committee also said policy may have to move away from “neutral” and into “restrictive” territory. Shares on Wall Street rose following the release of the Fed minutes, with …
Federal Reserve officials earlier this month stressed the need to raise interest rates quickly and possibly more than markets anticipate to tackle a burgeoning inflation problem, meeting minutes released Wednesday showed. Not only did policymakers see the need to raise benchmark borrowing rates by 50 points, but they also said similar hikes likely would be necessary at the next several …
Here are Wednesday’s biggest calls on Wall Street: Oppenheimer upgrades CME to outperform from perform Oppenheimer said that the exchange company a good defensive play in a bear market. “We are upgrading CME from Perform to Outperform and introducing a price target of $223. The upgrade is predicated upon our assumption that no extreme events and recession are imminent, and …
SINGAPORE — Shares in Asia-Pacific nudged higher in Wednesday morning trade, with New Zealand’s central bank announcing yet another 50 basis point rate hike. Hong Kong’s Hang Seng index advanced 0.64%, while the Shanghai Composite in mainland China edged about 0.6% higher and the Shenzhen Component gained 0.207%. The Nikkei 225 in Japan sat fractionally lower while the Topix index …
Traders on the floor of the NYSE, May 17, 2022. Source: NYSE U.S. stock futures rose on Tuesday night after the Nasdaq Composite dropped during the regular session, following a warning of slowing growth from social media company Snap that hurt the tech-heavy index. Dow Jones Industrial Average futures rose 111 points, or 0.4%. S&P 500 and Nasdaq 100 futures …
A man photographs a banner for Snap Inc. on the facade of the New York Stock Exchange on the morning of the company’s IPO in New York City, March 2, 2017. Brendan McDermid | Reuters Check out the companies making headlines in midday trading Tuesday. Snap — Shares of Snapchat’s parent company plummeted 41.2% after Snap said it’s unlikely to …
