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shares of lamb weston holdings inc lw slid 004 to 10979 tuesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 158 to 407163 and dow jones industrial average djia falling 102 to 3353083 this was the stocks second consecutive day of losses
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us ethanol production has risen again this week although not beating the alltime record for daily production in its latest weekly report the eia said us daily ethanol production through october 29 rose 1000 barrels per day placing daily production at 1107 million barrels for the week its the secondhighest daily production figure ever beaten only by 1108 million barrels in december 2017 analysts surveyed by dow jones this week forecast production to be anywhere from 108 million barrels to 112 million barrels us ethanol inventories also rose this week with stocks reported at 2013 million barrels analysts were looking for inventories to be 19 million barrels to 1994 million barrels ethanol stocks are the highest since late september and are 23 above around this time year ago said terry reilly senior agriculture futures analyst with futures international llc corn futures trading on the chicago board of trade are down in trading wednesday with the mostactive contract down 15 to roughly 564 per bushel to see related data search us doe oil data padd breakdown in dow jones newsplus
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shares of transdigm group inc tdg rose 118 to 74576 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 037 to 412451 and the dow jones industrial average djia rising 098 to 3360115 this was the stocks seventh consecutive day of gains transdigm group inc closed 2625 short of its 52week high 77201 which the company reached on march 7th the stock demonstrated a mixed performance when compared to some of its competitors monday as honeywell international inc hon rose 113 to 19328 raytheon technologies corp rtx rose 271 to 10058 and boeing co ba rose 139 to 21539 trading volume 194688 remained 152905 below its 50day average volume of 347593 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of hershey co hsy rallied 167 to 17663 wednesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 013 to 451407 and dow jones industrial average djia falling 020 to 3503107 the stocks rise snapped a twoday losing streak hershey co closed 608 short of its 52week high 18271 which the company reached on august 17th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as nestle sa adr nsrgy fell 094 to 12450 mondelez international inc cl a mdlz rose 137 to 6086 and general mills inc gis rose 456 to 5938 trading volume 743439 eclipsed its 50day average volume of 714846 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of centerpoint energy inc cnp inched 085 higher to 2974 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 138 to 451339 and dow jones industrial average djia falling 098 to 3528252 centerpoint energy inc closed 376 below its 52week high 3350 which the company achieved on september 23rd the stock outperformed some of its competitors wednesday as duke energy corp duk rose 041 to 9253 exelon corp exc rose 007 to 4150 and sempra sre fell 025 to 14687 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of interpublic group of cos ipg slid 044 to 3868 wednesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 074 to 447216 and the dow jones industrial average djia rising 025 to 3434743 interpublic group of cos closed 227 below its 52week high 4095 which the company reached on june 14th the stock underperformed when compared to some of its competitors wednesday as trade desk inc cl a ttd rose 220 to 8451 and gartner inc it rose 105 to 35828 trading volume 25 m remained 22 million below its 50day average volume of 48 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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what’s doing better than during the darkest days of the covid19 pandemic but struggling with uncertainty and rising prices it could be your average american—or any major airline delta air lines on wednesday was the first major us carrier to report quarterly earnings revealing just how much the travel sector is a microcosm for challenges facing businesses and individuals alike
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tokyo stocks ended slightly lower on friday as investors cheered easing us inflation and gains of us hightech shares while monitoring the yens strength ahead of a long weekend the benchmark nikkei 225 index edged down 009 percent or 2807 points to 3239126 while the broader topix index eased 017 percent or 389 points to 223910
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shares of ppl corp ppl shed 161 to 2620 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 004 to 437686 and dow jones industrial average djia falling 022 to 3385266 ppl corp closed 554 below its 52week high 3174 which the company achieved on january 11th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as nextera energy inc nee fell 064 to 7344 southern co so fell 176 to 6987 and dominion energy inc d fell 162 to 5166 trading volume 40 m remained 801630 below its 50day average volume of 48 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of perkinelmer inc pki sank 054 to 14138 thursday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 145 to 382239 and dow jones industrial average djia falling 105 to 3302749 the stocks fall snapped a threeday winning streak perkinelmer inc closed 6178 below its 52week high 20316 which the company reached on december 31st despite its losses the stock outperformed some of its competitors thursday as danaher corp dhr fell 089 to 25867 idexx laboratories inc idxx fell 122 to 41296 and agilent technologies inc a fell 072 to 14901true trading volume 303375 remained 577036 below its 50day average volume of 880411 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of wabtec wab slipped 094 to 9925 friday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 111 to 385236 and dow jones industrial average djia falling 085 to 3292046 this was the stocks second consecutive day of losses wabtec closed 626 below its 52week high 10551 which the company achieved on december 13th editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of neoleukin therapeutics moved higher in premarket trading tuesday after the biopharmaceutical company said it agreed to an allstock reverse merger with privately held geneticmedicines company neurogene seattlebased neoleukin said its shareholders would own about 16 of the combined company which will focus on advancing neurogenes portfolio of genetic medicines for complex neurological diseases neoleukin and neurogene said they expect the combined company to have a cash balance of about 200 million upon completion of the deal including roughly 95 million from a concurrent private financing by new and existing neurogene investors which they said would provide a cash runway into the second half of 2026 a reverse merger allows a private company to go public by merging with a listed company at a lower cost than is involved in a traditional initial public offering neoleukin and neurogene said the combined company plans to operate under the neurogene moniker and to trade on the nasdaq capital market under the symbol ngne neoleukin shares which closed monday at 925 cents were recently up 12 at 104 in premarket trading
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washington dow jonesthe us treasury plans to auction 60 billion in reopened 8week bills thursday the debt will settle on feb 14 2023 and will mature april 11 2023 the debt is a reopening of an issue first sold on dec 13 2022 the federal reserve holds 2255 billion of maturing securities for its own account amounts bid by the federal reserve banks for their own account will be in addition to the public offering amount noncompetitive tenders for the 8week bills available in minimum denominations of 100 must be received by 1100 am eastern time thursday competitive tenders available in minimum denominations of 100 must be received by 1130 am eastern time
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a federal judge in the united states has mandated that cryptocurrency exchange binance bnbusd its us branch binanceus and the securities and exchange commission partake in a mediation conference wednesday the aim is to negotiate and reach an agreement regarding operational restrictions during the ongoing regulatory lawsuit against the two binance entities coindesk reported the sec in its lawsuit accuses binance and binanceus of engaging in the sale of unregistered securities which is a violation of us laws consequently the sec sought a temporary restraining order to halt activity on binanceuss assets during a hearing on tuesday dc district court judge amy berman jackson opined that if the involved parties could agree on certain limitations there would be “absolutely no need” for a restraining order prior to the hearing binanceus said that freezing the companys assets would be detrimental and effectively put an end to its operations also read trading bot uses 200m flash loan to conduct deals ends up with paltry 3 profit by negotiating limitations the company believes it could continue its operations for the time being during the hearing jackson raised concerns regarding the impracticality of scheduling another hearing within two weeks due to the sheer volume of documents and exhibits received which would require extensive review “what im looking for is some variation of what we already have i think the nitty gritty of it is better handled by all of you than by me the judge reportedly said further suggesting that an order imposed by her may not meet the expectations of either party involved on wednesday it was announced the initial mediation session is scheduled for 245 pm et and will be presided over by magistrate judge zia m faruqui with experience as a former prosecutor who conducted several federal cryptocurrency investigations faruqui has in the past commended blockchain tracing technology and labeled the apprehensions regulators have toward unhosted crypto wallets which are not tied to exchanges as “fiction not fact read next bankrupt voyagers roadmap to creditors initiates process to return funds
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larsen toubro ltd 500510 shares inched down 033 to 221945 indian rupees wednesday on what proved to be an allaround rough trading session for the stock market with the sp bse sensex index 1 falling 060 to 6156064 larsen toubro ltd closed 19655 rupees short of its 52week high 241600 rupees which the company achieved on may 2 the stock demonstrated a mixed performance when compared to some of its competitors wednesday as aia engineering ltd aiaeng rose 062 to 280070 rupees and mbl infrastructures ltd 533152 fell 121 to 1800 rupees trading volume 34225 remained 54555 below its 50day average volume of 88780 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of palantir technologies inc pltr inched 021 higher to 952 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 030 to 413628 and the dow jones industrial average djia rising 014 to 3334860 palantir technologies inc closed 210 short of its 52week high 1162 which the company reached on august 5th editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of lockheed martin corp lmt rose 348 to 39974 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 259 to 367843 and the dow jones industrial average djia rising 266 to 2949089 the stocks rise snapped a twoday losing streak lockheed martin corp closed 8025 short of its 52week high 47999 which the company reached on march 7th the stock demonstrated a mixed performance when compared to some of its competitors monday as boeing co ba rose 410 to 12605 northrop grumman corp noc rose 327 to 48571 and general dynamics corp gd rose 394 to 22053 trading volume 13 m eclipsed its 50day average volume of 11 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of abbott laboratories abt rallied 440 to 11454 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 202 to 408885 and the dow jones industrial average djia rising 134 to 3265459 abbott laboratories closed 2806 below its 52week high 14260 which the company reached on december 27th the stock outperformed some of its competitors tuesday as johnson johnson jnj rose 042 to 17882 roche holding ag part cert rhhvf rose 226 to 32262 and pfizer inc pfe rose 132 to 5134 trading volume 90 m eclipsed its 50day average volume of 54 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of zimmer biomet holdings inc zbh advanced 379 to 14201 wednesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx rising 008 to 437259 and the dow jones industrial average djia falling 068 to 3397933 this was the stocks second consecutive day of gains
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intertek group plc itrk shares inched down 009 to £4274 tuesday on what proved to be an allaround grim trading session for the stock market with the ftse 100 index ukx falling 010 to 751972 intertek group plc closed £297 short of its 52week high £4571 which the company achieved on july 22 trading volume 190026 remained 297326 below its 50day average volume of 487352 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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singapore shares in asiapacific looked set for a mixed start on tuesday with investors looking ahead to the release of meeting minutes from the reserve bank of australia futures pointed to a lower open for japanese stocks the nikkei futures contract in chicago was at 26515 while its counterpart in osaka was at 26460 that compared against the nikkei 225s last close at 2654705 australian stocks looked poised for a higher start with the spi futures contract at 7100 against the spasx 200s last close at 7093 the reserve bank of australia is set to release minutes from its monetary policy meeting on tuesday at 930 am hksin earlier in may the australian central bank announced its first rate hike in more than a decade
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dime community bancshares nasdaqdcom is set to give its latest quarterly earnings report on friday 20220128 heres what investors need to know before the announcement analysts estimate that dime community bancshares will likely report an earnings per share eps of 086 dime community bancshares bulls will hope to hear the company to announce theyve not only beaten that estimate but also to provide positive guidance or forecasted growth for the next quarter new investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock but the guidance or forecast last quarter the company beat eps by 022 which was followed by a 00 drop in the share price the next day heres a look at dime community bancsharess past performance and the resulting price change shares of dime community bancshares were trading at 3594 as of january 26 over the last 52week period shares are up 4998 given that these returns are generally positive longterm shareholders are likely bullish going into this earnings release to track all upcoming earnings announcements click here to use benzinga earnings calendar
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malaysias consumer prices rose in november mostly driven by increases in the prices of transport and food novembers consumerprice index was up 33 from a year earlier following a 29 rise in the previous month the countrys department of statistics said on wednesday prices of transport was the main contributor to inflation the department said the increase in transport prices was likely due to an increase in energy costs and fuel prices globally it added core inflation rose 09 on year in november led by higher prices for furniture household equipment and household maintenance products the statistics agency said compared with the previous month novembers cpi rose 02 the agency said
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shares of freeportmcmoran inc fcx inched 087 higher to 4848 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 043 to 450021 and the dow jones industrial average djia rising 025 to 3458357 the stocks rise snapped a threeday losing streak freeportmcmoran inc closed 351 below its 52week high 5199 which the company achieved on march 25th trading volume 111 m remained 78 million below its 50day average volume of 189
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shares of bank of america corp bac inched 028 higher to 2856 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 133 to 414622 and the dow jones industrial average djia rising 114 to 3402969 bank of america corp closed 1181 short of its 52week high 4037 which the company reached on april 20th the stock underperformed when compared to some of its competitors thursday as jpmorgan chase co jpm rose 038 to 12899 and wells
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price cuts and slowing sales growth have investors a little concerned about chinese electricvehicle demand that fear looks well placed after the monthly delivery results from the country’s ev makers still shares were rising in early tuesday trading the stocks after all have been badly beaten up
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shares of regions financial corp rf shed 144 to 2187 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 171 to 378993 and dow jones industrial average djia falling 170 to 3018378 this was the stocks second consecutive day of losses regions financial corp closed 370 short of its 52week high 2557 which the company achieved on february 16th despite its losses the stock outperformed some of its competitors wednesday as bank of america corp bac fell 299 to 3315 wells fargo co wfc fell 263 to 4227 and pnc financial services group inc pnc fell 328 to 15845true trading volume 82 m eclipsed its 50day average volume of 70 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of coterra energy inc ctra rose 441 to 2436 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 155 to 430626 and dow jones industrial average djia falling 176 to 3329495 this was the stocks third consecutive day of gains coterra energy inc closed 003 below its 52week high 2439 which the company reached on february 14th the stock outperformed some of its competitors tuesday as eog resources inc eog rose 130 to 11641 trading volume 147 m eclipsed its 50day average volume of 82 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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in the current session ihs markit inc nyseinfo is trading at 13430 after a 105 gain over the past month the stock increased by 516 and in the past year by 5270 with performance like this longterm shareholders are optimistic but others are more likely to look into the pricetoearnings ratio to see if the stock might be overvalued assuming that all other factors are held constant this could present itself as an opportunity for shareholders trying to capitalize on the higher share price the stock is currently under from its 52 week high by 112 the pe ratio measures the current share price to the companys eps it is used by longterm investors to analyze the companys current performance against its past earnings historical data and aggregate market data for the industry or the indices such as sp 500 a higher pe indicates that investors expect the company to perform better in the future and the stock is probably overvalued but not necessarily it also shows that investors are willing to pay a higher share price currently because they expect the company to perform better in the upcoming quarters this leads investors to also remain optimistic about rising dividends in the future depending on the particular phase of a business cycle some industries will perform better than others compared to the aggregate pe ratio of 8175 in the professional services industry ihs markit inc has a higher pe ratio of 8574 shareholders might be inclined to think that ihs markit inc might perform better than its industry group its also possible that the stock is overvalued pe ratio is not always a great indicator of the companys performance depending on the earnings makeup of a company investors can become unable to attain key insights from trailing earnings
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shares of sealed air corp see slipped 158 to 6415 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 075 to 463409 and dow jones industrial average djia falling 030 to 3554418 the stocks fall snapped a twoday winning streak sealed air corp closed 253 short of its 52week high 6668 which the company reached on november 16th the stock underperformed when compared to some of its competitors tuesday as westrock co wrk rose 067 to 4331 aptargroup inc atr fell 140 to 11695 and berry global group inc bery fell 127 to 6976 trading volume 11 m eclipsed its 50day average volume of 897261 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of lkq corp lkq slipped 295 to 5590 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 190 to 456700 and dow jones industrial average djia falling 186 to 3448372 lkq corp closed 415 below its 52week high 6005 which the company reached on november 18th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as oreilly automotive inc orly fell 093 to 63816 copart inc cprt fell 193 to 14516 and genuine parts co gpc fell 389 to 12774 trading volume 32 m eclipsed its 50day average volume of 15 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of clorox co clx slipped 104 to 16699 wednesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 094 to 458938 and the dow jones industrial average djia rising 063 to 3562933 the stocks fall snapped a fourday winning streak clorox co closed 3803 short of its 52week high 20502 which the company achieved on february 3rd the stock underperformed when compared to some of its competitors wednesday as reckitt benckiser group plc rbgpf rose 377 to 8251 henkel ag co kgaa pfd adr henoy fell 065 to 2019 and beiersdorf ag adr bdrfy rose 186 to 2029 trading volume 13 m remained 54607 below its 50day average volume of 14 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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berkeley group holdings plc bkg shares shed 102 to £3998 thursday on what proved to be an allaround positive trading session for the stock market with the ftse 100 index ukx rising 032 to 744021 berkeley group holdings plc closed £551 below its 52week high £4549 which the company reached on may 2 trading volume 169625 remained 230160 below its 50day average volume of 399785 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of therapeuticsmd inc txmd advanced 182 to 392 tuesday on what proved to be an allaround dismal trading session for the stock market with the nasdaq composite index comp falling 016 to 1366729 and dow jones industrial average djia falling 072 to 3405387 this was the stocks fourth consecutive day of gains therapeuticsmd inc closed 777 below its 52week high 1169 which the company reached on august 15th the stock outperformed some of its competitors tuesday as abbvie inc abbv fell 059 to 13782 pfizer inc pfe fell 180 to 3934 and agile therapeutics inc agrx fell 123 to 322 trading volume 36830 remained 2591 below its 50day average volume of 39421 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of rockwell automation inc rok inched 029 higher to 27840 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 016 to 397753 and the dow jones industrial average djia rising 060 to 3243208 rockwell automation inc closed 3096 below its 52week high 30936 which the company reached on march 9th the stock outperformed some of its competitors monday as honeywell international inc hon fell 009 to 18799 trading volume 572609 remained 148952 below its 50day average volume of 721561 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of fedex corp fdx shed 094 to 15804 wednesday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 208 to 374857 and dow jones industrial average djia falling 195 to 3251394 the stocks fall snapped a fourday winning streak fedex corp closed 10875 below its 52week high 26679 which the company reached on january 5th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as united parcel service inc cl b ups fell 283 to 16401 deutsche post ag adr dpsgy fell 201 to 3566 and expeditors international of washington inc expd rose 036 to 10478 trading volume 23 m remained 22 million below its 50day average volume of 45 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of autozone inc azo rose 187 to 230103 friday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 237 to 375275 and the dow jones industrial average djia rising 247 to 3108256 the stocks rise snapped a twoday losing streak autozone inc closed 6121 below its 52week high 236224 which the company achieved on august 16th the stock outperformed some of its competitors friday as oreilly automotive inc orly rose 180 to 74407 advance auto parts inc aap rose 062 to 17134 and monro inc mnro rose 123 to 4689 trading volume 197790 eclipsed its 50day average volume of 156670 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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if history is any indicator the idea that the broader market will accelerate to new highs on a debt limit deal is not well met the last time we were here with such a politically manufactured crisis in 2011 the market sold off over 18 once a deal was reached it took about 7 months to retake those previous highs what was fortunate about that time was that the market was recovering from the great recession and enjoying already historically low interest rates russia and china were somewhat nicer to their neighbors bank failures were behind us home values were recovering and inflation for that year was 316 compared to today things were economically better and improving the reaction to the end of this current debt limit crisis should be no different it is very likely to be a sell the news event unfortunately the economic conditions are far more severe than in 2011 and could result in a greater downturn in the broader market with high interest rates record household debt the escalation of conflict between superpowers and stubbornly high inflation theres few cases that can be made that justify being bullish and unless a catastrophic macro event happens there wont be rate cuts this year it takes 9 12 months for the effects of these fed rate raises to be felt throughout the economy and we are only just getting into the same time last summer where rates were moving up 75 bps after every fomc meeting were beginning to see margin compression and it wont be long before further costcutting is going to result in more layoffs since the labor market has been extremely robust amidst these rate raises it very well may be the card that causes the house to collapse todays economic news will consist mostly of new home sales building permits and pmi for services and manufacturing this data doesnt carry as much weight as the bigger reports coming later this week starting wednesday with the fomc meeting minutes which will be released at 2pm est the second estimate for q1 gpd on thursday in addition to initial jobless claims and finally on friday pce the inflation data that is taken into heavy consideration by the fed reports such as these can create pockets of volatility in the broader market sometimes leading to changes in trends it is important to note that this upcoming pce report will be the last the fed sees before their next fomc meeting in reference to the spdr sp 500 trust etf spy chart posted with this article the longlegged doji candle that we have formed today could indicate a change in sentiment provided that it has appeared at the top of this recent breakout rally such a candle up here can lead the way for consolidation or indicate that a corner is turning in the market bears will want to see the price fall back into the sideways channel labeled frequent sideways area while bulls will point out a potential bull flag forming over the past 4 trading days as this current rally has done the market may need a news catalyst to determine the next leg of movement and with the rsi rapidly approaching an overbought read it doesnt appear as though there is much upside left if any join benzingas exclusive happy hour sessions monday thursday after the closing bell for trade ideas market discussion and sharing financial knowledge
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shares of juniper networks inc jnpr rallied 158 to 3405 wednesday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 163 to 470985 and the dow jones industrial average djia rising 108 to 3592743 juniper networks inc closed 021 short of its 52week high 3426 which the company achieved on december 13th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as cisco systems inc csco rose 374 to 5993 international business machines corp ibm fell 053 to 12311 and telefon ab lm ericsson adr eric rose 174 to 1055 trading volume 50 m eclipsed its 50day average volume of 33 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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toronto dec 14 reuters canadas main stock index fell on tuesday to its lowest level in nearly two weeks as strongerthanexpected us inflation data and worries about the economic impact of the coronavirus weighed on investor sentiment the toronto stock exchanges sptsx composite index gsptse ended down 9988 points or 05 at 2064857 its lowest closing level since dec 3 the index has fallen for five straight days its longest losing run since august people should be prepared for a bumpy sleigh ride into the end of the year said barry schwartz chief investment officer at baskin wealth management inflation numbers in the us are hotter than expected and worries about covid seem to be never ending market sentiment globally was downbeat as data showing us producer prices jumped 96 in the 12 months through november supported bets of a faster withdrawal of stimulus by the federal reserve the us central bank will release its policy decision on wednesday read more the energy group fell 16 pressured by lower oil prices us crude futures settled 08 lower at 7073 a barrel technology was down 15 while the materials group which includes precious and base metals miners and fertilizer companies lost 08 canadian miner noront resources ltd notv said it plans to negotiate directly with australian billionaire andrew forrests wyloo metals on the companys raised buyout offer read more reporting by fergal smith additional reporting by sruthi shankar and anisha sircar in bengaluru editing by peter cooney
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shares of penn entertainment inc penn shed 016 to 3048 tuesday on what proved to be an allaround poor trading session for the stock market with the nasdaq composite index comp falling 108 to 1208051 and dow jones industrial average djia falling 108 to 3368453 penn entertainment inc closed 887 below its 52week high 3935 which the company reached on november 15th despite its losses the stock outperformed some of its competitors tuesday as las vegas sands corp lvs fell 190 to 6363 draftkings inc cl a dkng fell 252 to 2203 and mgm resorts international mgm fell 020 to 4595 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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traders on the floor of the nyse oct 21 2022 stock futures inched higher in overnight trading after the sp 500 posted its third positive session in a row and banking sector concerns continued to ease futures tied to the dow jones industrial average rose 38 points or 012 meanwhile sp 500 and nasdaq 100 futures added 014 and 015 respectively the overnight moves follow a mixed session on monday investors fought to extend last weeks gains but tech shares came under pressure the dow jones industrial average added 19455 points or 06 while the sp 500 gained 016 the nasdaq composite dipped 047 as tech stocks moved lower a slew of positive news reports helped lift sentiment on wall street including first citizens bancshares agreement to buy large parts of silicon valley bank further cnbc reported that deposit outflows from small institutions to banking behemoths have slowed eight of 11 sp 500 sectors finished in positive territory on monday led to the upside by a 21 gain in energy beatenup regional banking stocks including first republic climbed along with the spdr sp regional banking etf kre communication services and information technology which have enjoyed a strong 2023 both slipped basically you have an oversold bounce in these areas that have been beaten up and youre having a pause from some of these areas that are leadership said keith lerner truists cochief investment officer i dont think this is a trend reversal i dont think this is new leadership markets may also be taking news of first citizens plan to buy a large chunk of svb as a positive he said earnings season continues tuesday with results from walgreens boots alliance micron technology and mccormick investors also await home price data and the conference boards consumer confidence report the federal reserves vice chair for supervision michael barr will also speak before the senate banking committee
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gold futures gave up early monday gains to finish at their lowest in more than a week pressured by strength in the us dollar ahead of whats expected to be a decision by the federal reserve on wednesday to raise interest rates with much of europe celebrating the may day holiday precious metals traders in the us also kept an eye on developments in the financial sector after news that jpmorgan chase co jpmwon an auction to take over troubled first republic banks frc business and deposits its the may day holiday in most of europe and with londons bullion market shut thats left comex speculators to push the gold price around in thin trade adrian ash director of research at bullionvault told marketwatch while both gold and silver were holding below their recent highs gold continues to show real underlying strength reaching new alltime record high in all currencies across april on a monthaverage basis to top 2000 per ounce for the first time he said however like all financial assets gold and silver face a key risk event around wednesdays fed decision and more importantly in the accompanying statement and press conference said ash how powells comments balance the collapse of first republic bank against the resilience of core inflation is likely to decide mays tone to the pivot versus higher for longer debate he said fed policy makers on wednesday were expected to announce another 25basispoint rate increase readfed expected to raise interest rates again this week perhaps for the last time this cycle precious metals prices were trading higher early monday following the news of jpmorgans takeover of first republic which had been teetering on the edge of collapse for weeks readgold ends april with little fanfare but recordhigh prices may be inevitable gold traders will be tuned in to any more news about first republic bank as well as the continuing earnings season in the us said tim waterer chief market analyst at kcm trade in emailed commentary golds moves going forward will be largely dependent on what the fed has to say later in the week he said gold is poised to pounce on any us dollar weakness should the fomc signal that us rates are at or near the terminal level for now the dollar strengthened putting pressure on dollardenominated prices of gold the ice us dollar index was up 05 at 10215 investors are looking ahead to the release of a key us labor department report friday see the us economic calendar on monday the institute for supply managements manufacturing survey showed a climb to 471 from 463 in the prior month yet numbers below 50 signal contraction in the industrial side of the economy this content was created by marketwatch which is operated by dow jones co marketwatch is published independently from dow jones newswires and the wall street journal
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shares of verizon communications inc vz inched 003 higher to 3831 monday on what proved to be an allaround rough trading session for the stock market with the sp 500 index spx falling 089 to 395725 and dow jones industrial average djia falling 063 to 3353670 verizon communications inc closed 1720 below its 52week high 5551 which the company achieved on april 21st the stock demonstrated a mixed performance when compared to some of its competitors monday as apple inc aapl fell 095 to 14828 alphabet inc cl a googl fell 074 to 9570 and att inc t rose 005 to 1906 trading volume 230 m remained 17 million below its 50day average volume of 247 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of united rentals inc uri inched 085 higher to 39716 thursday on what proved to be an allaround great trading session for the stock market with the sp 500 index spx rising 176 to 396028 and the dow jones industrial average djia rising 117 to 3224655 united rentals inc closed 8483 short of its 52week high 48199 which the company reached on march 6th the stock outperformed some of its competitors thursday as herc holdings inc hri rose 036 to 11379 trading volume 11 m eclipsed its
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shares of paycom software inc payc inched 071 higher to 34819 tuesday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 158 to 447107 and the dow jones industrial average djia rising 122 to 3498884 the stocks rise snapped a threeday losing streak paycom software inc closed 21078 short of its 52week high 55897 which the company reached on november 2nd the stock underperformed when compared to some of its competitors tuesday as oracle corp orcl rose 104 to 7977 workday inc cl a wday rose 106 to 23546 and paychex inc payx rose 138 to 12011 trading volume 340207 remained 200266 below its 50day average volume of 540473 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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the nintendo co ltd adr ntdoy inched 079 higher to 1147 monday on what proved to be an allaround great trading session for the stock market with the nasdaq composite index comp rising 019 to 1405887 and the dow jones industrial average djia rising 052 to 3541124 nintendo co ltd adr closed 052 below its 52week high 1199 which the company achieved on june 12th the adr demonstrated a mixed performance when compared to some of its competitors monday as hasbro inc has rose 159 to 6498 sega sammy holdings inc adr sgamy fell 073 to 547 and taketwo interactive software inc ttwo rose 021 to 15028 trading volume 761871 remained 586918 below its 50day average volume of 13 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shell plc reported its third quarter earnings thursday heres what we watched adjusted earnings the multinational energy group generated adjusted earnings of 945 billion in the third quarter this was down from 1147 billion in the second quarter but beat the 90 billion market consensusprovided by vara and based on 27 analysts estimates operating cash flow shells cash flow generation from operations however missed forecasts the company reported operating cash flow of 1254 billion missing expectations of 1403 billion from 22 analysts dividends shell declared a dividend for the third quarter of 25 cents a share in line with the previous quarter and up from 24 cents a year prior however it also said it will raise dividends by 15 in the fourth quarter buybacks the company kicked off a 4 billion sharebuyback program for the third quarter to reduce its share capital down from 6 billion in the prior quarter outlook shell expects capital expenditure to be in the 23 billion27 billion range for the whole of 2022 it further forecast corporate adjusted earnings to be a net expense of around 450 million to 650 million in the fourth quarter and a net expense of around 220 billion to 240 billion for the full year
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shares of emerson electric co emr slid 092 to 8660 monday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 075 to 387198 and dow jones industrial average djia falling 039 to 3273295 the stocks fall snapped a sixday winning streak emerson electric co closed 1387 short of its 52week high 10047 which the company reached on november 2nd the stock underperformed when compared to some of its competitors monday as general electric co ge fell 066 to 7781 honeywell international inc hon fell 044 to 20402 and parker hannifin corp ph fell 035 to 29062 trading volume 67 m eclipsed its 50day average volume of 29 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of ibio inc ibio inched 017 higher to 059 wednesday on what proved to be an allaround positive trading session for the stock market with the nasdaq composite index comp rising 115 to 1391896 and the dow jones industrial average djia rising 025 to 3434743 ibio inc closed 1592 below its 52week high 1651 which the company reached on september 16th editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of costco wholesale corp cost shed 018 to 49603 wednesday on what proved to be an allaround poor trading session for the stock market with the sp 500 index spx falling 001 to 415452 and dow jones industrial average djia falling 023 to 3389701 costco wholesale corp closed 11315 below its 52week high 60918 which the company reached on april 21st the stock underperformed when compared to some of its competitors wednesday as amazoncom inc amzn rose 196 to 10430 and walmart inc wmt rose 011 to 15001 trading volume 11 m remained 810302 below its 50day average volume of 19 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of fuelcell energy inc fcel were unchanged monday on what proved to be an allaround dismal trading session for the stock market with the nasdaq composite index comp falling 116 to 1333578 and dow jones industrial average djia falling 004 to 3371471 fuelcell energy inc closed 332 below its 52week high 550 which the company reached on august 15th trading volume 93 m remained 42 million below its 50day average volume of 134 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of seagate technology holdings plc stx advanced 209 to 6345 friday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 099 to 458223 and the dow jones industrial average djia rising 050 to 3545929 this was the stocks second consecutive day of gains seagate technology holdings plc closed 2019 below its 52week high 8364 which the company reached on august 11th the stock outperformed some of its competitors friday as netapp inc ntap fell 127 to 7724 western digital corp wdc rose 084 to 4203 and pure storage inc cl a pstg fell 121 to 3755 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of marsh mclennan cos mmc inched 080 higher to 16409 tuesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 037 to 463065 and the dow jones industrial average djia rising 039 to 3605263 the stocks rise snapped a sixday losing streak marsh mclennan cos closed 704 short of its 52week high 17113 which the company achieved on october 25th the stock outperformed some of its competitors tuesday as prudential plc pukpf fell 156 to 2038 willis towers watson plc wltw fell 024 to 23704 and arthur j gallagher co ajg rose 035 to 16305 trading volume 26 m eclipsed its 50day average volume of 18 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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german chemicals giant bayer on tuesday reported a more than sixfold increase in thirdquarter profits due to a strong performance from its agrochemicals division net profit in the julytoseptember period was 546 million euros 544 million slightly above forecasts bayer reported 85 million euros in profit in the third quarter of 2021 when its results were hit by legal battles related to glyphosate the substance has been deemed a probable carcinogen by the international agency for research on cancer in its latest results the maker of aspirin saw its operating profit jump more than 126 percent onyear with earnings before interest and tax reaching 12 billion euros sales rose by 57 percent to more than 112 billion euros despite rising inflation and global supply chain problems we were again able to boost sales and earnings said bayer ceo werner baumann the results were boosted by the agrochemicals division which saw its sales rise 84 percent to 46 billion euros herbicide sales surged 449 percent due to price increases in a positive market environment bayer said the company however warned of risks ahead due to rising costs as inflation surges and disruptions to supply chains
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shares of essex property trust inc ess inched 090 higher to 23692 friday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 037 to 440959 and dow jones industrial average djia falling 032 to 3429912 this was the stocks second consecutive day of gains essex property trust inc closed 6341 short of its 52week high 30033 which the company achieved on august 16th the stock demonstrated a mixed performance when compared to some of its competitors friday as avalonbay communities inc avb rose 101 to 19245 equity residential eqr rose 056 to 6672 and udr inc udr rose 091 to 4342 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of news corp cl a nwsa shed 181 to 1849 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 040 to 429714 and the dow jones industrial average djia rising 045 to 3391244 the stocks fall snapped a fiveday winning streak news corp cl a closed 738 short of its 52week high 2587 which the company achieved on november 5th the stock underperformed when compared to some of its competitors monday as thomson reuters corp tri fell 020 to 11630 relx plc adr relx fell 007 to 2899 and new york times co cl a nyt fell 136 to 3328 trading volume 37 m eclipsed its 50day average volume of 29 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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international stocks trading in new york closed mostly lower tuesday the spbny mellon index of american depositary receipts slipped 15 to 13548 the european index ticked down 23 to 12605 the asian index was flat at 16730 the latin american index declined 25 to 17230 while the emergingmarkets index retreated 03 to 28259 ascendis pharma as was among those companies whose adrs traded actively the biopharmaceutical company rose 3 after it said that its presentations at endo 2022 will include oral presentations of phase 2 and phase 3 data for its investigational candidate transcon pth in adult hypoparathyroidism pharmaceutical giant astrazeneca plc slipped 07 after it said it is buying teneotwo inc for up to 127 billion
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shares of phillips 66 psx rose 107 to 10897 tuesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 001 to 3385253 and the sp 500 index spx falling 016 to 395763 phillips 66 closed 456 short of its 52week high 11353 which the company achieved on november 14th editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of advance auto parts inc aap slipped 147 to 18983 thursday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 099 to 399895 and the dow jones industrial average djia rising 051 to 3203690 the stocks fall snapped a twoday winning streak advance auto parts inc closed 5472 short of its 52week high 24455 which the company reached on january 5th the stock demonstrated a mixed performance when compared to some of its competitors thursday as oreilly automotive inc orly fell 059 to 68586 autozone inc azo fell 254 to 213875 and genuine parts co gpc rose 002 to 14255 trading volume 791167 remained 60736 below its 50day average volume of 851903 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of linde plc lin slid 072 to 38821 wednesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 023 to 3552012 and the sp 500 index spx falling 002 to 456675 linde plc closed 340 below its 52week high 39161 which the company reached on july 25th editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of kellogg co k sank 046 to 6531 monday on what proved to be an allaround positive trading session for the stock market with the sp 500 index spx rising 081 to 458264 and the dow jones industrial average djia rising 030 to 3492188 the stocks fall snapped a 10day winning streak kellogg co closed 329 short of its 52week high 6860 which the company achieved on may 14th the stock demonstrated a mixed performance when compared to some of its competitors monday as pepsico inc pep fell 026 to 16932 mondelez international inc cl a mdlz fell 077 to 6304 and general mills inc gis fell 052 to 6849 trading volume 13 m remained 14 million below its 50day average volume of 27 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of citigroup inc c inched 029 higher to 4439 tuesday on what proved to be an allaround mixed trading session for the stock market with the dow jones industrial average djia rising 011 to 3324156 and the sp 500 index spx falling 040 to 382925 this was the stocks second consecutive day of gains citigroup inc closed 2472 short of its 52week high 6911 which the company reached on february 11th the stock demonstrated a mixed performance when compared to some of its competitors tuesday as jpmorgan chase co jpm rose 035 to 13174 bank of america corp bac rose 018 to 3253 and wells fargo co wfc rose 015 to 4104 trading volume 137 m remained 43 million below its 50day average volume of 179 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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delta air lines stock has underperformed against its legacy carrier peers so far this year but that could be set to change according to evercore isi analysts the bank’s analysts upgraded delta stock ticker dal to outperform from in line as they raised earnings estimates and said the carrier’s new pilot pay deal removed some uncertainty over costs they have a 47 price target on the stock implying a 22 upside to monday’s closing price
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shares of united airlines holdings inc ual inched 048 higher to 5630 wednesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 004 to 437686 and dow jones industrial average djia falling 022 to 3385266 this was the stocks third consecutive day of gains united airlines holdings inc closed 014 short of its 52week high 5644 which the company reached on june 27th the stock underperformed when compared to some of its competitors wednesday as southwest airlines co luv rose 062 to 3547 delta air lines inc dal rose 135 to 4671 and american airlines group inc aal rose 115 to 1755 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of taketwo interactive software inc ttwo inched 088 higher to 12058 wednesday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 183 to 397987 and the dow jones industrial average djia rising 140 to 3158128 this was the stocks second consecutive day of gains taketwo interactive software inc closed 7525 short of its 52week high 19583 which the company reached on november 5th the stock demonstrated a mixed performance when compared to some of its competitors wednesday as microsoft corp msft rose 191 to 25809 sony group corp adr sony fell 115 to 7450 and activision blizzard inc atvi rose 115 to 7772 trading volume 11 m remained 855574 below its 50day average volume of 19 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of canadian apartment properties real estate investment trust un carut shed 055 to c5043 monday in what proved to be an allaround poor trading session for the canadian market with the sptsx composite index gsptse falling 046 to 1993162 canadian apartment properties real estate investment trust un closed c053 short of its 52week high c5096 which the company achieved on february 2nd trading volume of 189680 shares remained below its 50day average volume of 336009 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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beijing asian stock markets were mixed thursday after wall street steadied following a plunge on worries about more us interest rate hikes the shanghai composite index shcomp lost 03 after china’s government reported inflation decelerated in february to 1 over a year earlier from the previous month’s 25 the hang seng hsi in hong kong gained 02 the nikkei 225 nik in tokyo gained 05 after the government cut its estimate of economic growth in the three months ending in december to 01 from a previous estimate of 06 south korea’s kospi 180721 sank 03 and sydney’s spasx 200 xjo rose 03 stocks in new zealand nz50gr taiwan y9999 and singapore sti declined while indonesia’s benchmark jakidx rose wall street’s benchmark sp 500 index recovered some of the previous day’s loss following federal reserve chair jerome powell’s warning rate hikes might speed up because upward pressure on prices is stronger than expected investors worry the fed and other central banks look increasingly likely to tip the global economy into at least a brief recession to extinguish stubborn inflation us inflation rose to 54 in january over a year earlier from december’s 53 well above the fed’s target of 2 “the risks of a higher and faster hike trajectory have risen” stephen innes of spi asset management said in a report he said the fed might be motivated by “mounting criticism” that it has “fallen behind the inflation curve” on wall street the sp 500 spx rose 01 to 399201 the dow jones industrial average djia fell 5806 or 02 to 3279840 while the nasdaq composite comp added 4567 or 04 to 1157600 powell said wednesday that fed policymakers want to see more data before deciding on future rate hikes a report wednesday showed the number of job openings advertised across the country last month was higher than expected traders scrutinize such data for clues about wages one factor the fed looks at in trying to forecast inflation the report also showed some signs of easing pressure including fewer americans quitting their jobs a separate report wednesday suggested hiring is still stronger across us private employers than expected the us government’s more comprehensive monthly report on hiring is due out friday other data showed strong us consumer spending another factor policymakers worry might push up prices expectations for a firmer fed have been most clear in the bond market where yields have shot higher the yield on the 10year treasury or the difference between its market price and the payout at maturity ticked up to 398 from 397 late tuesday the yield on the twoyear treasury rose to 505 from 502 it’s near its highest level since 2007 yields on shorterterm treasurys are above those for treasurys that pay off farther in the future wall street sees that as a fairly reliable indicator of an impending recession in energy markets benchmark us crude clj23 lost 2 cents to 7664 per barrel in electronic trading on the new york mercantile exchange the contract fell 92 cents on wednesday to 7666 brent crude brnk23 the price basis for international oil trading shed 3 cents to 8263 per barrel in london it retreated 63 cents the previous session to 8266 the dollar usdjpy declined to 13697 yen from wednesday’s 13724 yen
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shares of allegion plc alle dropped 029 to 11443 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 007 to 404842 and the dow jones industrial average djia rising 012 to 3343144 the stocks fall snapped a twoday winning streak allegion plc closed 903 below its 52week high 12346 which the company reached on february 2nd editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of coty inc cl a coty shed 247 to 749 monday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 115 to 385443 and dow jones industrial average djia falling 052 to 3117384 this was the stocks second consecutive day of losses coty inc cl a closed 363 short of its 52week high 1112 which the company achieved on november 17th the stock underperformed when compared to some of its competitors monday as procter gamble co pg rose 070 to 14604 estee lauder cos cl a el fell 234 to 24559 and inter parfums inc ipar fell 219 to 7002 trading volume 64 m remained 32 million below its 50day average volume of 96 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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numis corp on friday reported a lower profit for the first half of the fiscal year as inflation and interestrate concerns weighed on investor sentiment the londonbased investment bank made a pretax profit of 134 million pounds 166 million in the six months ended march 30 down from gbp393 million a year earlier underlying operating profit fell 64 to gbp140 million corporate activity was hurt by cautious investor sentiment with weak initialpublicoffering and uk equity capital markets activity capitalraising across private markets was affected by a more challenging and unpredictable pricing environment numis said still the company said it has had a good start to the second half of the fiscal year and it increased the interim dividend to 60 pence a share
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shares of bed bath beyond inc bbby rose 53 in premarket trades friday the stock has fallen 484 since the troubled home goods retailer announced its bankruptcy filing sunday and hit a record low of 11 cents on thursday bed bath beyond’s stock ended thursday’s session up 4 on volume of 18265 million shares above its 65day average of 12344 million a nearrecord number of bed bath beyond shares were being sold short on monday stocktwits a social platform for investors and traders told marketwatch on tuesday bed bath beyond was notified that its stock will be delisted from the nasdaq comp according
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shares of bce inc bce inched 013 higher to c6371 friday in what proved to be an otherwise allaround down trading session for the canadian market with the sptsx composite index gsptse falling 076 to 2103707 this was the stocks second consecutive day of gains bce inc closed c337 below its 52week high c6708 which the company reached on september 13th trading volume of 20 m shares remained below its 50day average volume of 31 m
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frances economy is expected to contract by 02 percent this quarter the national statistics agency insee said thursday as consumer spending is squeezed by inflation predicted to peak at 70 percent early next year france is nevertheless expected to dodge a recession which is usually defined as two consecutive quarters of contraction with insee seeing a tepid rebound of 01 percent at the start of 2023 it forecastsgrowth picking up to 03 percent in the second quarter of 2023 overall insee expects the french economy to post 25 percent growth in 2022 julien pouget the head of insees forecasting unit said the fourth quarter was more likely a passing cold than a more serious illness for the french economy but with the european central bank raising its main interest rate by 05 percent on thursday and warning more such hikes were on the way in order to tame inflation the forecast in the eurozone is not rosy the ecb cut its 2023 eurozone growth outlook to 05 percent insee did not provide figures for economic growth in 2023 the french government expects 10 percent growth next year but independent forecasters consider that too optimistic
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shares of realty income corp o inched 049 higher to 5999 monday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 020 to 427379 and dow jones industrial average djia falling 059 to 3356286 this was the stocks second consecutive day of gains realty income corp closed 1512 below its 52week high 7511 which the company achieved on august 15th the stock outperformed some of its competitors monday as kimco realty corp kim fell 032 to 1870 regency centers corp reg fell 046 to 5799 and federal realty investment trust frt fell 070 to 9050 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of beneficient which debuted on the nasdaq thursday under symbol benf were in the red during afternoon trading the stock made its debut following a business combination between the beneficient company group and special purpose acquisition company avalon acquisition at 154 pm et shares of beneficient were trading 12 lower at 8 the stock opened at 15 and traded as low as 772 and as high as 1650 in thursdays session beneficient said it offers a technologyenabled platform providing liquidity and related trust and custody services to holders of alternative assets the company said that to date it has closed financing on over 11 billion in liquidity in alternative assets
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shares of shopify inc cl a shop shed 086 to c8557 wednesday in what proved to be an allaround poor trading session for the canadian market with the sptsx composite index gsptse falling 050 to 2010389 shopify inc cl a closed c345 short of its 52week high c8902 which the company reached on june 16th trading volume of 29 m shares remained below its 50day average volume of 35 m
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dec 1 reuters canadas main stock index opened higher on wednesday as energy stocks tracked stronger oil prices and concerns around the new coronavirus variant omicron eased at 932 am et 1432 gmt the toronto stock exchanges sptsx composite index gsptse was up 22242 points or 108 at 2088241 reporting by amal s in bengaluru editing by maju samuel
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shares of shaw communications inc cl b nv sjrb inched 032 higher to c3750 tuesday in what proved to be an allaround positive trading session for the canadian market with the sptsx composite index gsptse rising 145 to 2116265 shaw communications inc cl b nv closed c008 below its 52week high c3758 which the company reached on december 6th trading volume of 799095 shares remained below its 50day average volume of 12 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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boeing’s badly beatenup stock might be nearly as weak as it will get when barron’s recommended boeing on aug 13 it was predicated on three things happening ceo dave calhoun needed to prioritize engineering build a new plane and sell more stock to fix the balance sheet none of that has happened and the shares ticker ba are down 44 since then
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shares of pfizer inc pfe slid 225 to 5393 monday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 169 to 441253 and dow jones industrial average djia falling 119 to 3430808 the stocks fall snapped a fourday winning streak pfizer inc closed 778 below its 52week high 6171 which the company achieved on december 20th the stock underperformed when compared to some of its competitors monday as johnson johnson jnj fell 125 to 17984
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tokyo july 3 reuters japanese business sentiment improved in the second quarter as easing supply constraints and the removal of pandemic curbs lifted factory output and consumption a central bank survey showed a sign the economy was on course for a steady recovery companies expect to increase capital expenditure and project inflation to stay above the bank of japans 2 target five years ahead the quarterly tankan showed offering policymakers hope that conditions for phasing out their massive monetary stimulus may be gradually falling into place the headline index measuring big manufacturers mood stood at plus 5 in june bouncing back from a twoyear low of plus 1 hit in march in a sign firms were recovering from the hit from rising raw material costs and supply disruptions the reading which compared with a median market forecast for plus 3 was the highest since december 2022 the sentiment index for big nonmanufacturers improved to plus 23 in june from plus 22 three months ago increasing for the fifth straight quarter and hitting the highest level since june 2019 the survey showed on monday large firms plan to ramp up capital expenditure by 134 in the current fiscal year ending in march 2024 exceeding the 32 increase projected in the march survey the increase compared with a median market forecast for a 101 rise japans economy grew an annualised 27 in the first quarter and analysts expect it to continue expanding as a postpandemic pickup in domestic spending offset headwinds to exports from slowing global growth boj governor kazuo ueda has repeatedly stressed the need to keep monetary policy ultraloose until inflation can sustainably hit the banks 2 target accompanied by solid wage growth
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its all about a better clean kimberlyclark ceo says kimberlyclark corps stock rose 3 tuesday to propel it toward a oneyear high after the parent of kleenex huggies and cottonelle brands posted betterthanexpected quarterly earnings and raised its fullyear guidance the company raised prices by 10 for a second straight quarter which helped drive gross margins wider by 340 basis points rival procter gamble also raised its prices by 10 in its latest quarter while were encouraged with our progress were still operating in a challenging environment input costs have stabilized but continue to trade well above 2019 levels chief executive mike hsu told analysts on the companys earnings call on tuesday according to a factset transcript margins are some 200 basis points below where they were prepandemic he said meaning that further belt tightening is needed like pg kimberlyclark kmb has managed to gain market share despite higher prices although it is seeing some bifurcation in consumer demand while the us market remains resilient lowerincome countries are showing a tradedown to lowerpriced products especially within developing and emerging markets he said as he did last quarter hsu flagged a new initiative in the poop category expected in the second half kimberlyclark owns many brands in the bathtissue and diaper categories in the former it owns scott paper the original toiletpaper roll launched 120 years ago as well as andrex and cottonelle in diapers it owns huggies pullups goodnites drynites and little swimmers as well as adult products under the depend poise and plenitud brand names see an issue with your tissue forever chemicals are in toilet paper too the company is refreshing its cottonelle ultra comfort and ultra clean products in north america behind a powerful insight hsu said half the users in the category are dissatisfied with their existing soft and strong bath tissue he said were focused on delivering a superior clean and will launch this initiative with some fairly provocative advertising that highlights downthere care and were talking about the real downthere issues that we all face he later explained that women use greater amounts of bath tissue than men and just by that you can see the category doesnt set itself up that way and so we definitely think theres a lot of ways to innovate from a product perspective and a communication perspective to deliver a better clean he said the company posted net income of 566 million or 167 a share up from 523 million or 155 a share in the yearago period that beat the factset consensus for earnings per share of 132 sales grew 2 to 52 billion above the factset consensus of 506 billion as pricing and favorable product mix offset a 5 decline in volume cost of sales fell 3 to 347 billion as gross margin improved to 332 from 298 for 2023 the company raised its earningspershare growth guidance to 6 to 10 from 2 to 6 but kept its sales growth outlook at flat to up 2 chief financial officer nelson urdaneta said the companys inputcost assumptions for the year have improved but remain a headwind of 100 to 200 million thats on top of the 200 million headwind from higher wages and other manufacturing costs the company warned of last quarter but the company expects headwinds to ease through the year and expects to exit the fourth quarter with wider margins than at the start of the year at the very least were expecting to expand them around 230 basis points year over year because were expanding at the midpoint of our guidance operating margin by 130 basis points hsu told analysts the stock has gained 8 in the year to date while the sp 500 has gained 7 this content was created by marketwatch which is operated by dow jones co marketwatch is published independently from dow jones newswires and the wall street journal
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smurfit kappa group plc skg shares slipped 111 to £3556 monday on what proved to be an allaround rough trading session for the stock market with the ftse 100 index ukx falling 082 to 783671 smurfit kappa group plc closed £594 short of its 52week high £4150 which the company achieved on february 10 trading volume 165601 remained 281277 below its 50day average volume of 446878 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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royal ahold delhaize nv said wednesday that net sales rose in the first quarter supported by resilient consumer demand for eating at home the dutch grocer said net sales rose 36 on a constant exchangerate basis comparable sales excluding gas grew 33 in the us while they fell 31 in europe it said net consumer online sales declined 10 at constant exchange rates the company said the company said operating income was 818 million euros 8615 million representing earnings per share of eur054 it said overall the firstquarter results were better than our expectations despite macroeconomic pressures arising from the war in ukraine the second quarter is seeing many of the trends from the first quarter continuing therefore taking all moving parts together we expect underlying earnings per share to be comparable to 2021 with the rest of our fullyear guidance metrics unchanged president and chief executive frans muller said
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shares of skyworks solutions inc swks inched 093 higher to 11513 monday on what proved to be an allaround favorable trading session for the stock market with the sp 500 index spx rising 089 to 395157 and the dow jones industrial average djia rising 120 to 3224458 skyworks solutions inc closed 2613 below its 52week high 14126 which the company achieved on march 29th the stock demonstrated a mixed performance when compared to some of its competitors monday as broadcom inc avgo rose 202 to 64371 qualcomm inc qcom rose 090 to 12182 and analog devices inc adi rose 065 to 18706 trading volume 13 m remained 620116 below its 50day average volume of 19 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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president biden called the worst us inflation reading in almost 41 years “out of date” on wednesday because it doesn’t reflect the recent decline in gasoline prices but don’t expect americans to feel much better high inflation isn’t going away soon the consumer price index shot up 13 in june and pushed the rate of inflation to the highest level since november 1981 the cost of living climbed 91 in the 12 months from june 2021 to june 2022 about half of the increase in inflation last month was tied to energy the price of a barrel of oil hit 122 in june and the average cost of a regular gallon of gas in the us topped 5 for the very first time yet the price of barrel of oil has since tumbled more than 20 to around 95 and the cost of a regular gas has slid to a us average of 464 a gallon and it’s likely to fall a bit more while the “headline inflation reading is unacceptably high it is also outofdate” biden said on wednesday white house economic aides made a similar argument on tuesday to reporters the white house is right that declining gas prices will lead to a lower inflation reading in july perhaps even the smallest increase in a year cpi could rise by 04 or less in the month even sharply lower gas prices are not enough to substantially reduce inflation though that’s because price pressures have become so widespread in june for instance the cost of food rent housing medical care new and used vehicles car insurance and household furnishings all rose sharply rents are rising at the fastest pace 58 since 1986 and groceries at the most rapid clip 122 since 1979 these are two of the biggest expenses for most families “hopefully we’ll begin to see some relief next month” said senior economist sam bullard of wells fargo “but right now inflation is still on the boil” even a small increase in the cost of living in july what’s more is likely to leave the yearly rate of inflation close to 9 “the july cpi number is going to be a lot smaller because of gas prices but so what no one should take any comfort in that” said chief economist richard moody of regions financial “inflation is so broad based it’s going to be a pretty slow trip back down toward 2” said moody referring to the federal reserve’s longterm inflation target
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bangkok ap asian shares slipped on monday with chinese markets logging moderate losses after they reopened from a weeklong holiday the declines followed yet another dismal end to the week on wall street as a strong us jobs report added to worries the federal reserve might consider the higherthanexpected hiring data as proof the economy hasn’t slowed enough to get inflation under control that might mean still more hefty rate hikes that could make a recession more likely a us consumer prices report on thursday will be one of the biggest factors for markets this week investors also are awaiting the latest updates on how companies are dealing with higher prices and interest rate hikes markets were closed monday in tokyo taiwan and south korea the hang seng hsi in hong kong fell 27 to 1724513 while the shanghai composite index shcomp shed 07 to 300010 bangkok’s set set lost 06 and india’s sensex 1 gave up 12 the dollar rose to 14542 japanese yen usdjpy from 14534 late friday adding to pressure on japan’s central bank to counter the yen’s prolonged slide by adjusting its policy of keeping its benchmark interest rate below zero to fend off deflation prices have been rising in japan pushed higher mainly by global inflation and surging costs for oil and gas but the bank of japan has stuck to its ultraloose monetary policy while the fed has pressed ahead with sharp rate hikes the higher expected returns have pushed the dollar higher against the yen on friday the sp 500 spx fell 28 to 363966 it ended with a 15 gain for the week its first weekly gain in four weeks the dow jones industrial average djia skidded 21 to 2929679 the nasdaq tumbled 38 to 1065240 the russell 2000 index rut fell 29 to 170215 the government report showing employers hired more workers last month than economists expected might clear the way for the fed to continue hiking interest rates aggressively something that risks causing a recession if done too severely employers added 263000 jobs last month that’s a slowdown from the hiring pace of 315000 in july but it’s still more than the 250000 that economists expected stocks have tumbled over 20 this year from record highs this year on worries about inflation interest rates and the possibility of a recession the major indexes managed to notch a gain for the week thanks to a powerful but shortlived rally monday and tuesday after some investors squinted hard enough at some weakerthanexpected economic data to suggest the fed may take it easier on rate hikes but friday’s jobs report may have dashed such hopes for a “pivot” by the fed it’s a pattern that has been repeated several times this year by hiking interest rates the fed is hoping to starve inflation of the purchases needed to keep prices rising even further the fed has already seen some effects with higher mortgage rates hurting the housing industry in particular but if the rate hikes go too far that could squeeze the economy into a recession crude oil meanwhile had its biggest weekly gain since march benchmark us crude jumped 47 to settle at 9264 per barrel friday brent crude the international standard rose 37 to settle at 9792 oil prices have surged because big oilproducing countries have pledged to cut production in order to keep prices up that should keep the pressure up on inflation which is still near a fourdecade high but hopefully moderating on monday the us benchmark cl1 fell 86 cents to 9184 per barrel in electronic trading on the new york mercantile exchange brent crude brn00 gave up 98 cents to 9696 a barrel beyond higher interest rates analysts say the next hammer to hit stocks could be a potential drop in corporate profits companies are contending with high inflation and interest rates eating into their earnings while the economy slows the euro eurusd was unchanged at 9736 us cents
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us stocks rose sharply friday to book big weekly gains shrugging off earlier weakness as treasury yields eased back from their highs of 2023 the sp 500 index spx rose about 16 on friday its best daily percentage gain since jan 20 according to factset data the dow jones industrial average djia gained 12 or about 386 points ending near 33386 based on preliminary figures the nasdaq composite index comp rose 2 the 10year treasury rate tmubmusd10y rose 14 basis points for the week but was slightly below the 4 mark at 3962 on friday at 3 pm eastern that compares with a 2yr treasury yield tmubmusd02y of 4859 reflecting continued investor jitters around how high the federal reserve may need to increase its shortterm policy rate to cool demand and still stubbornly high us costs of living the pullback in the benchmark 10year treasury rate on friday helped stocks gain momentum while breaking a string of weekly losses with the dow ending up 18 for the week the sp 500 up 19 and the nasdaq advancing 26 for the week
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hong kong shares opened in the green on wednesday with the benchmark hang seng trading 03 higher the city’s chief executive john lee is set to travel to beijing from dec 21 to dec 24 as part of his annual visit to brief state leaders on hong kong’s economic social and political situation bears seem to have moved to the sidelines taking cues from wall street major us indices closed marginally higher on tuesday ending a fourday losing streak as investors and traders are watching out for a much anticipated yearend rally market participants in hong kong have also shrugged off a surprise move by the bank of japan to widen its yield cap on its longterm bonds shares of xpeng gained over 5 while li auto stock rise close to 3 in morning trade alibaba shares traded 07 higher macro news the world bank has trimmed its china growth outlook for this year and 2023 citing the impact of the sudden easing of strict covid19 containment measures and lingering property sector weakness reported reuters china’s budget deficit stood at 11 trillion in the first 11 months of this year according to bloomberg calculations based on data from the ministry of finance company news chinas xiaomi corp xiacf has commenced laying off workers in its smartphone and internet services business as the nation battles covid19 outbreaks reported reuters nio suffered a data breach in which a hacker demanded 225 million worth of bitcoin btcusd reported cnevpost top gainers and losers wuxi biologics cayman inc and haier smart home co ltd are the top gainers among hang seng constituents rising over 3 and 15 respectively meituan and the hong kong and china gas company limited are the top losers having shed 08 and 068 respectively global news us futures traded in the green on monday morning asia session the dow jones futures gained 059 while the nasdaq futures rose 065 the sp 500 futures were trading higher by 056 elsewhere in asiapacific australia’s asx 200 was trading higher by 134 japan’s nikkei 225 traded 009 lower while china’s shanghai composite index gained 006 south korea’s kospi gained 034 read next cathie wood adds 26m of tesla even as stock crashes 8 after wall street slashes price targets
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shares of hr block inc hrb shed 178 to 4482 tuesday on what proved to be an allaround grim trading session for the stock market with the sp 500 index spx falling 432 to 393269 and dow jones industrial average djia falling 394 to 3110497 hr block inc closed 394 below its 52week high 4876 which the company reached on august 18th despite its losses the stock outperformed some of its competitors tuesday as intuit inc intu fell 572 to 42931 automatic data processing inc adp fell 364 to 23506 and western union co wu fell 346 to 1478true trading volume 13 m remained 575322 below its 50day average volume of 19 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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two and 10year us bond yields rose for a second session on monday as traders factored in an increased likelihood that the federal reserve will hike rates a few more times after januarys strong jobs report markets were caught by surprise by fridays data showing a 517000 surge in nonfarm payrolls in january as well as a decline in the unemployment rate to 34 a new cycle low there also was data from the services sector as a poll of purchasing managers jumped in january as a result of januarys blockbuster job gains traders and investors began factoring in a greater chance of the fedfunds rate rising to 5 or higher by may which would be the highest interestrate levels since 20062007 traders also began positioning ahead of fed chair jerome powells speech on tuesday there were no major us economic releases on monday what analysts are saying the january employment report does not change our view of the labor market its still resoundingly strong said bofa securities economist michael gapen and others while one month may not make a trend the data do suggest economic activity may be accelerating rather than slowing the report gives us more confidence in our outlook for two additional 25bp rate hikes and a terminal rate of 50525 they wrote in a note
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shares of technipfmc plc fti shed 022 to 1348 tuesday on what proved to be an allaround mixed trading session for the stock market with the sp 500 index spx remaining mostly unchanged at 410894 and the dow jones industrial average djia rising 029 to 3368479 technipfmc plc closed 255 short of its 52week high 1603 which the company reached on february 28th despite its losses the stock outperformed some of its competitors tuesday as oil states international inc ois fell 048 to 821 trading volume 40 m remained 18 million below its 50day average volume of 58 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of ds smith plc smds inched down 010 to £309 tuesday on what proved to be an allaround rough trading session for the stock market with the ftse 100 index ukx falling 025 to 756931 ds smith plc closed 6050 pence short of its 52week high £369 which the company reached on february 3 editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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wpp plc wpp shares inched up 086 to £846 tuesday on what proved to be an allaround favorable trading session for the stock market with the ftse 100 index ukx rising 011 to 746146 wpp plc closed £236 short of its 52week high £1082 which the company reached on february 23 trading volume 14 m remained 12 million below its 50day average volume of 26 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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shares of state street corp stt slipped 062 to 7214 wednesday on what proved to be an allaround dismal trading session for the stock market with the sp 500 index spx falling 004 to 437686 and dow jones industrial average djia falling 022 to 3385266 state street corp closed 2260 short of its 52week high 9474 which the company reached on february 14th the stock underperformed when compared to some of its competitors wednesday as bank of america corp bac fell 060 to 2807 morgan stanley ms fell 052 to 8399 and goldman sachs group inc gs rose 007 to 31366 trading volume 15 m remained 14 million below its 50day average volume of 29 m editors note this story was autogenerated by automated insights an automation technology provider using data from dow jones and factset see our market data terms of use
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nissan motor co’s former top lawyer who led an internal investigation into alleged financial misconduct by carlos ghosn said he endured retaliation demotions and even surveillance of his family after questioning the integrity of the probe
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in the current session boston properties inc nysebxp is trading at 12019 after a 012 gain over the past month the stock increased by 519 and in the past year by 3164 with performance like this longterm shareholders are optimistic but others are more likely to look into the pricetoearnings ratio to see if the stock might be overvalued assuming that all other factors are held constant this could present itself as an opportunity for shareholders trying to capitalize on the higher share price the stock is currently under from its 52 week high by 610 the pe ratio is used by longterm shareholders to assess the companys market performance against aggregate market data historical earnings and the industry at large a lower pe can either represent a companys poor future earnings potential or a buying opportunity relative to other stocks it shows that shareholders are less than willing to pay a high share price because they do not expect the company to exhibit growth in terms of future earnings depending on the particular phase of a business cycle some industries will perform better than others compared to the aggregate pe ratio of 4939 in the equity real estate investment trusts reits industry boston properties inc has a higher pe ratio of 5884 shareholders might be inclined to think that boston properties inc might perform better than its industry group its also possible that the stock is overvalued there are many limitations to price to earnings ratio it is sometimes difficult to determine the nature of the earnings makeup of a company shareholders might not get what theyre looking for from trailing earnings
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unicredit on wednesday said that it upgraded its 2023 outlook as its revenue and earnings rose in the first quarter helped by net interest income growth the italian bank posted a quarterly net profit of 206 billion euros 227 billion compared with eur247 million a year ago when its earnings were affected by russiarelated loanloss provisions revenue grew in the quarter to eur593 billion compared with eur501 billion in the first quarter of 2022 and that this was helped by net interest income which increased 44 onyear to eur33 billion the result compares with analysts expectations of eur131 billion in stated net profit and eur529 billion in quarterly revenue according to an average of analysts estimates provided by the bank loanloss provisions came to eur93 million in the quarter and the bank said that its common equity tier 1 ratio a measure of banks capital strength came in at 1605 at the end of the first quarter compared with 16 at the end of 2022 unicredit said that it increased its 2023 guidance and that it now expects more than eur65 billion in net profit more than eur203 billion in net revenue more than eur126 billion in net interest income and a higher shareholder distribution of at least eur575 billion this content was created by marketwatch which is operated by dow jones co marketwatch is published independently from dow jones newswires and the wall street journal
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bloomberg law speaks with prominent attorneys and legal scholars analyzing major legal issues and cases in the news the show examines all aspects of the legal profession from intellectual property to criminal law from bankruptcy to securities law drawing on the deep research tools of bloomberglawcom and bloombergbnacom reporters from bloombergs washington dc bureau are prominently featured as they offer analysis of policy and legal issues
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