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Here’s our plan for Monday after another painful week to own stocks
Stocks took a beating this week as the Federal Reserve raised interest rates another 75 basis points, the third straight hike of this magnitude. It wasn’t the rate move – which the market had been pricing in – but Fed Chairman Jerome Powell’s hawkish comments on Wednesday that hurt stocks. It is now targeting a […]
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European stocks slide 2.8% after weak eurozone data and new UK economic plan
European stocks were down sharply on Friday as investors digested a series of central bank decisions and a new economic plan from the UK The Stoxx 600 fell 2.8% in the early afternoon, with all sectors and major exchanges trading in the red. Oil & Gas stocks and Basic Resources were the main losers, both […]
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Stocks moving the most before market: FedEx, Costco, Boeing and more
Check out the companies making headlines before the bell: FedEx (FDX) – FedEx remains under scrutiny this morning after announcing a 6.9% increase in shipping rates and plans to cut an additional $4 billion from annual costs. FedEx fell 3.2% premarket. Costco (COST) – Costco lost 3.3% in premarket despite better-than-expected earnings and sales for […]
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Australian stocks slip 2%; Asian markets fall as investors weigh Fed hike
An electronic board displays stock information at the Australian Securities Exchange, operated by ASX Ltd., in Sydney, Australia, Tuesday, February 6, 2018. Brendon Thorne | Bloomberg via Getty Images Asia-Pacific stocks fell on Friday as investors continue to weigh on the Federal Reserve’s aggressive stance. In Australia, the S&P/ASX 200 fell 2.28% as it returned […]
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Futures flat after another day of losses following Fed rate hike and sell-off
Stock futures were largely flat Wednesday night as investors continued to react to the Fed’s rate hike and worries about a possible economic slowdown. The Nasdaq 100 was up 10 points or 0.09%. Dow Jones Industrial Average futures rose 41 points, or 0.14%. S&P 500 futures rose 4 points, 0.11%. Costco stock was down around […]
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Costco quarterly results show retailer thriving despite high inflation
Costco quarterly results show retailer thriving despite high inflationCNBC Why did Costco (NASDAQ:COST) stock tumble after the fourth quarter 2022 earnings release?TipRanks Stocks that move the most after hours: Costco, DocuSign, ScholasticCNBC Costco’s earnings are disappointing and the stock is down. It’s time to buy the dip.Barrons Costco will not increase membership fees as renewals […]
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Bank of England hikes 50bps, says UK may already be in recession
The Bank of England has warned that the UK will enter recession later this year. The expected recession is expected to be the longest since the global financial crisis. Vuk Valcic | SOPA Pictures | light flare | Getty Images The Bank of England voted to raise its base rate to 2.25% from 1.75% on […]
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European markets slide as investors digest further interest rate hikes
Swiss franc weakens significantly against dollar, euro and pound after rate hike The Swiss franc weakened considerably against the US dollar, the euro and the pound following the central bank’s decision to raise interest rates by 75 basis points to 0.5%. As of 9:30 a.m. London time, the dollar was up 0.9% against the Swiss […]
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European markets slide as investors digest further rate hikes
Opening of the market: Fortum up 4%, Accor down 6% Shares of Fortum rose again in early trading on Thursday after the Finnish company agreed to sell its 56% stake in German utility Uniper to the German government. The public energy company transferred its stake in a nationalization agreement. French hotel company Accor saw its […]
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Stock futures fall as traders weigh another big Federal Reserve rate hike
Brendan McDermid | Reuters US stock futures fell Thursday morning after a volatile session in the major averages as traders weighed another big rate hike from the Federal Reserve. Dow Jones Industrial Average futures fell 109 points, or 0.36%. S&P 500 and Nasdaq 100 futures fell 0.56% and 0.79% respectively. In Wednesday’s regular session, the […]