News Formal

Stocks rise with U.S. futures as earnings in focus - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 30 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 15%
  • Publisher: 50%

Malaysia News News

Malaysia Malaysia Latest News,Malaysia Malaysia Headlines

Stocks advanced with U.S. futures as investors digested a slew of earnings reports and awaited data on U.S. jobless claims.

Contracts on U.S. gauges signaled a rebound from Wednesday's equity losses. Walt Disney Co. surged in premarket trading following better-than-expected results and a restructuring plan that includes job cuts and cost savings. Robinhood Markets Inc. rose on an earnings beat, while toymaker Mattel Inc. fell after its outlook disappointed.

“Investors are shaking off another case of the jitters over how far interest rates will go in the United States, as a raft of better than expected corporate results came in after the bell,” said Susannah Streeter, senior investment and markets analyst at Hargreaves Lansdown. “I don't think the Fed will cut within this year,” Jun Bei Liu, portfolio manager at Tribeca Investment Partners, said on Bloomberg Television. “The Fed was behind the curve in terms of putting up their interest rate and they certainly are going to be very slow in cutting the interest rate.”

 

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

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

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

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 »

Opportunities in unprofitable small-cap stocks: Three hot picks from David Barr - BNN BloombergOne financial expert is going against the status quo and picking unprofitable small-cap companies he believes will pay off in the long run.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Stocks advance amid earnings; U.S. futures retreat - BNN Bloomberg​Stocks gained on positive earnings reports in Europe and optimism about the rates outlook. U.S. futures fell after a late Wall Street rally.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Toy company Spin Master reports Q4 revenue down from year ago - BNN BloombergSpin Master Corp. says its preliminary fourth-quarter revenue totalled US$465.8 million, down from US$620.5 million a year earlier.
Source: BNNBloomberg - 🏆 83. / 50 Read more »