Stocks making the biggest moves midday: Gap, Square, Nikola, Nordstrom & more
Check out the companies making headlines in midday trading. Deere — Shares of the equipment maker slipped more than 1% despite the company betting top and bottom line estimates during the fourth quarter. Deere earned $2.39 per share during the...
GBP/USD: Risk Mode Keeps Cable Inflated for Renewed Attack at 1.34 Resistance Zone
Cable continues to tick higher and looks for fresh attack at 1.34 barrier, after Monday’s attempt was strongly rejected. The sentiment remains positive as start of transition of power in the White House and growing optimism for Covid-19 vaccine boosted...
US: Spending Increased, But Personal Income Pulled Back in October
The information contained in this report has been prepared for the information of our customers by TD Bank Financial Group. The information has been drawn from sources believed to be reliable, but the accuracy or completeness of the information is...
Dollar Falling Towards Key Near Term Support Levels after Mixed Data
Dollar’s sell-off slowed mildly as stocks turned into consolidation ahead of Thanksgiving holiday in the US. But for now, the greenback remains the second worst performing for the week, just next to Yen, followed by Swiss Franc. Commodity currencies are...
Weekly jobless claims higher than expected as labor market takes hit from rising Covid cases
The pace of first-time filings for jobless claims picked up last week, with the jobs market showing increasing vulnerability to the coronavirus spread. Claims totaled 778,000 for the week ended Nov. 21, ahead of the 733,000 expectation from economists surveyed...
Full Risk-On Market With Upside Breakout in DOW and Oil
Markets are in full risk-on mode for now, with DOW closing above 30k handle for the first time overnight. Asian stocks are also generally higher, with strong rally in Nikkei and HSI. WTI oil prices powered through a key near...
Market Morning Briefing: Dollar-Yen Trades Stable
STOCKS Positive sentiment on the back of getting a vaccine for Covid-19 and a smooth power transition in the US are keeping the risk appetite in the market high. But we continue to remain cautious on equities as crucial resistances...
Asia Morning: Dow Closes Above 30,000
On Tuesday, U.S. stocks rallied further pushing the Dow Jones Industrial Average (+455 points or 1.54% to 30046) to close above the key 30,000 level for the first time. The S&P 500 increased 57 points (+1.62%) to 3635, also an...
Market’s record run is far from the finish line, Oppenheimer’s chief strategist predicts
Dow 30,000 may just be the beginning. Oppenheimer Asset Management’s John Stoltzfus believes the Dow’s record high on Tuesday is justified despite the nation’s battle against surging coronavirus cases. He lists a resilient economy as the major factor for optimism....
JPMorgan Chase pays $250 million penalty over weak controls in its wealth management division
Justin Sullivan | Getty Images JPMorgan Chase agreed Tuesday to pay a $250 million fine after one of its U.S. regulators found a “pattern of misconduct” in its asset and wealth management division. The Office of the Comptroller of the...
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