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Futures rise as CPI cools and banks beat, tech earnings in focus
1 month ago•Source: Investing.com
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145.72 min•1 month ago
US futures wobble as Hormuz tensions shadow Q2 earnings week
US stock futures were mixed Monday as renewed Middle East tensions over the Strait of Hormuz and conflicting reports about shipping closures spurred a risk-off tone ahead of a busy Q2 earnings season led by JPMorgan, Bank of America, Goldman Sachs, Wells Fargo and Citigroup; S&P 500 futures slipped about 0.25%, Nasdaq-100 about 0.9% lower, while Dow futures edged up around 0.1%; oil prices climbed on supply concerns, and tech equities faced a rough start with a chip rout ahead of ASML and TSMC results.
194.345 min•2 months ago
Iran Peace Hopes Spark Mixed Wall Street as SpaceX Rally Extends
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Walmart Leads Week as PayPal Slides: Investing.com’s Stocks of the Week
Investing.com highlights a mixed week: Walmart up over 11% to push above $130 and lift its market value past $1 trillion; PayPal down more than 23% after a disappointing earnings report and leadership change; Novo Nordisk down over 21% amid pricing headwinds; Silicon Laboratories surges about 44% as Texas Instruments agrees to acquire it for roughly $7.5 billion; MicroStrategy up about 24% on Friday but the week overall is around -5%; Amazon slides over 5% after a capex-heavy forecast, with Bitcoin price swings anchoring several moves.
Credit Suisse Triggers Global Bank Sell-Off, U.S. Stocks Tumble.
US stocks fell as Credit Suisse's financial troubles added pressure to the banking system, with the bank's stock plunging 24% after the Saudi National Bank said regulations prevented it from providing further financial assistance. Meanwhile, fresh economic data showed a greater-than-expected contraction in retail sales in February, stoking hopes for a less aggressive Federal Reserve. Bank stocks had recovered somewhat on Tuesday after a rout on Monday, but regional banks were under pressure again on Wednesday.