News Formal

Stocks gain with U.S. futures as bank earnings loom - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 50%

United States News News

United States United States Latest News,United States United States Headlines

U.S. equity futures took their cue from a positive day in Europe and Asia, even as investors braced for inflation data and corporate results that could confirm fears about the health of the financial system.

Contracts on the S&P 500 and Nasdaq 100 posted modest gains after a late recovery in post-holiday trading on Wall Street. In premarket trading, Tilray Brands Inc. shares slumped as much as 9.9 per cent after the cannabis producer's third quarter fell short of estimates. Gold miner Newmont Corp. lost 2.3 per cent after it sweetened its bid for Australia's Newcrest Mining Ltd. Nasdaq Inc. shares fell 0.9 per cent on a downgrade by Morgan Stanley, which cited uncertain macro trends.

The dollar edged down after three days of gains, Treasury yields ticked lower and Bitcoin punched above US$30,000 for the first time since June. In Europe, the regional benchmark gained about 0.6 per cent, led by a rally in cyclical industries including miners and automakers. A scenario where the Fed halts rate hikes in May, which markets had briefly entertained last month as fragility in banks raised recession fears, looks increasingly remote.

 

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 US

United States United States Latest News, United States United States Headlines

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

Undervalued health care stocks: Three hot picks from Eden Rahim - BNN BloombergHealth care stocks are being mispriced in the markets, leaving room for investors to benefit, according to one portfolio manager.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

The Week Ahead: BoC policy announcement; Turquoise Hill earnings - BNN BloombergA look at what investors will be watching in the upcoming week.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Oil steadies as market awaits updates on crude supply challenges - BNN BloombergOil steadied as traders assess challenges to supply in the wake of planned output cuts by OPEC+ and in anticipation of news on when Iraq may resume exports from its northern fields.
Source: BNNBloomberg - 🏆 83. / 50 Read more »