4 Hours Ago Sunac shares surge as Chinese property developer says it’s met restructuring conditions Sunac’s shares soared on Tuesday as the struggling Chinese real estate company reports the successful fulfillment of its debt restructuring prerequisites. The company has commenced its debt overhaul in exchange for the issuance of new notes, leading to an 18% …
3 Hours Ago Chinese electric vehicle stocks rise; Xpeng quarterly results eyed. Hong Kong-listed stocks of Chinese electric vehicle firms have surged in early afternoon trading. Shares of BYD, Nio, Xpeng, and Li Auto have all risen between 2.47% and 6.11%. Markets in Asia also rose across the board following upbeat economic data from China …
\ Stock Market Update 31 Mins Ago A recent market divergence could spell turbulence for stocks, warns BTIG. BTIG has highlighted a unique technical signal that could indicate a pullback for stocks. Specifically, the Nasdaq 100 closed less than 5% below a 52-week high, while the Russell 2000 closed less than 5% above a 52-week …
Is Hiking Interest Rates Still on the Table? An unexpectedly cool inflation report has stirred confidence among investors and Wall Street economists that the Federal Reserve will refrain from further rate hikes at least until the year’s end. Following the data release, market indicators were showing that there’s almost a 100% chance that the Fed …
Stocks with significant movements during midday trading include Wynn Resorts, whose stock dropped 7.3% due to EBDITAR focus, Diageo, whose shares slid 13.7% after the company made forecasts of a challenging environment, and Illumina, whose stock dropped 13.6% due to a decrease in adjusted earnings guidance. Analysts reported unsteadiness in the market due to concerns …
Business Sentiment in Japan Improves According to Reuters Tankan Survey Japan Business Sentiment Improves as Reuters Tankan Survey Shows Rise in November According to the recent Reuters Tankan survey, there has been an uptick in confidence among large Japanese manufacturers in November. This marked the first time that the index has improved since August, while …
Traders work on the floor of the New York Stock Exchange (NYSE) on May 18, 2022 in New York City. Spencer Platt | Getty Images The S&P 500 rose on Tuesday, extending its longest winning streak in about two years as Wall Street aimed to build on November’s rally. The S&P added 0.35%, rising for …
Stocks Rise on Optimism of Fed Rate Hike Pause Stocks rose on Monday after recording their best week this year, as investors remained hopeful that the Federal Reserve is ready to stop raising interest rates. The Nasdaq Composite led the gains, up approximately 0.3%. The S&P 500 rose over 0.1%, while the Dow Jones Industrial …
Stocks experienced a significant surge on Friday as investors analyzed a slowdown in job growth, which could potentially signal that the Federal Reserve is ending its rate-hiking campaign. The Dow Jones Industrial Average rose by 0.5% or 160 points, while the S&P 500 and Nasdaq Composite both saw gains of 0.6%. The US economy added …
Eli Lilly surpasses expectations but lowers profit outlook Eli Lilly reported better-than-expected financial results for the third quarter, driven by strong demand for its diabetes drug Mounjaro. The pharmaceutical company reported earnings of $0.10 per share, surpassing estimates of a loss of $0.13 per share. Revenue also exceeded expectations, coming in at $9.50 billion compared …