News Formal

Stocks advance amid earnings; U.S. futures retreat - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 18 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 50%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Stocks gained on positive earnings reports in Europe and optimism about the rates outlook. U.S. futures fell after a late Wall Street rally.

The Stoxx Europe 600 index climbed, with oil-and-gas firm Equinor ASA and lender ABN Amro NV among those reporting an earnings beat. US futures were lower following a rally Tuesday led by the Nasdaq 100, after Federal Reserve Chair Jerome Powell passed up an opportunity to tamp down investor optimism. Chipotle Mexican Grill Inc. fell in late trading after profitability and a key measure of sales missed estimates.

Risk sentiment got a boost after Powell highlighted that disinflation has begun. While he repeated that further hikes will likely be needed if the jobs market remains strong, his comments soothed traders who had expected a more aggressive pushback against a loosening in financial conditions following Friday's bumper payrolls report.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 83. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

U.S. stocks, futures fall on Fed outlook; dollar rises - BNN BloombergEuropean stocks and U.S. equity futures slumped as an unexpectedly strong U.S. jobs report raised the prospect of more rate hikes from the Federal Reserve. Thats awesome. Love it
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Opportunities in semiconductors stocks: Three hot picks from Harsh Kumar - BNN BloombergThe semiconductor sector has been on the rise in recent months and one analyst believes it will only get better going forward.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

The highest-yielding stocks on the TSX, plus risk dataA look at the equities dividend investors should be seeking
Source: globeandmail - 🏆 5. / 92 Read more »

Stocks rise, U.S. futures edge higher before Powell - BNN BloombergStocks advanced and U.S. equity futures inched higher ahead of commentary due later from Federal Reserve Chair Jerome Powell that may shape views on the central bank's rate path.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Stocks steady while metals smashed - What gives?!Kitco News' contributed commentary features articles and opinions from some of the top experts in the gold industry.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »