content
stringlengths
108
581
annotations
list
Boeing Co <BA.N> surged 4.7% after China Southern Airlines Co Ltd <600029.SS> this week conducted test flights with a 737 MAX plane for the first time since March, in a sign the jet's return in China could be nearing as demand rebounds. [nL8N2Y218S]
[ { "end": 9, "label": "Positive", "start": 0, "tag": "Positive", "value": "Boeing Co" }, { "end": 65, "label": "Neutral", "start": 35, "tag": "Neutral", "value": "China Southern Airlines Co Ltd" } ]
On the corporate front, there was downbeat news from the world's no.2 fashion retailer H&M <HMb.ST> which reported a smaller-than-expected rise in June-August net sales. Banks are also in focus after Morgan Stanley upgraded the rate-sensitive sector to overweight, citing cheap valuations and resilient earnings.
[ { "end": 90, "label": "Negative", "start": 87, "tag": "Negative", "value": "H&M" }, { "end": 214, "label": "Neutral", "start": 200, "tag": "Neutral", "value": "Morgan Stanley" } ]
"Once again the macro influences have seeped back into this market especially as it relates to Friday's employment number the economics of that should be giving us much better gasoline demand than we're seeing," said John Kilduff, partner at Again Capital LLC in New York.
[ { "end": 259, "label": "Neutral", "start": 242, "tag": "Neutral", "value": "Again Capital LLC" } ]
The companies with the highest buyback totals in Q2 were Apple <AAPL.O>, Alphabet <GOOGL.O>, Microsoft <MSFT.O>, Meta Platforms <META.O> and Lowe's <LOW.N>.
[ { "end": 147, "label": "Positive", "start": 141, "tag": "Positive", "value": "Lowe's" }, { "end": 81, "label": "Positive", "start": 73, "tag": "Positive", "value": "Alphabet" }, { "end": 62, "label": "Positive", "start": 57, "tag": "Positive", "value": "Apple" }, { "end": 102, "label": "Positive", "start": 93, "tag": "Positive", "value": "Microsoft" }, { "end": 102, "label": "Positive", "start": 93, "tag": "Positive", "value": "Microsoft" }, { "end": 127, "label": "Positive", "start": 113, "tag": "Positive", "value": "Meta Platforms" } ]
CureVac and GSK said in April that their second-generation vaccine candidate targeting two recent COVID-19 variants had been shown to be highly effective in preclinical studies on mice. [nL5N2WJ49G]
[ { "end": 15, "label": "Positive", "start": 12, "tag": "Positive", "value": "GSK" }, { "end": 7, "label": "Positive", "start": 0, "tag": "Positive", "value": "CureVac" } ]
FTX filed for bankruptcy on Friday, one of the highest profile crypto blowups, after traders rushed to withdraw $6 billion from the platform in just 72 hours and rival exchange Binance abandoned a proposed rescue deal.
[ { "end": 3, "label": "Negative", "start": 0, "tag": "Negative", "value": "FTX" }, { "end": 184, "label": "Neutral", "start": 177, "tag": "Neutral", "value": "Binance" } ]
Shares of chipmakers heavily exposed to China were trading mostly higher, rebounding after early declines. Advanced Micro Devices <AMD.O> rallied about 3% ahead of its quarterly report after the bell.
[ { "end": 129, "label": "Positive", "start": 107, "tag": "Positive", "value": "Advanced Micro Devices" } ]
A mix of national-union affiliation and grassroots support by young, progressive Starbucks workers has powered the coffee-chain campaign, said Logan. Winning at Amazon instead entails gaining traction in far-larger facilities which have employee turnover.
[ { "end": 94, "label": "Neutral", "start": 85, "tag": "Neutral", "value": "Starbucks" }, { "end": 171, "label": "Neutral", "start": 165, "tag": "Neutral", "value": "Amazon" } ]
"I have zero confidence in Credit Suisse's ability to turn around the bank," said Thomas Hayes, chairman and managing member of Great Hill Capital.
[ { "end": 40, "label": "Negative", "start": 27, "tag": "Negative", "value": "Credit Suisse" }, { "end": 146, "label": "Neutral", "start": 128, "tag": "Neutral", "value": "Great Hill Capital" } ]
"This removes a major overhang for the sector, particularly for the U.S. operators, and should be taken as a strong positive by the market," UBS wrote in a research note on Monday.
[ { "end": 148, "label": "Neutral", "start": 145, "tag": "Neutral", "value": "UBS" } ]
Dollar General Corp <DG.N> and Dollar Tree <DLTR.O> gained 11.4% and 15.3% respectively, after raising their annual sales forecasts, as more Americans turn to discount store shopping with inflation at a four-decade high. [nL3N2XI295][nL3N2XI2CJ]
[ { "end": 19, "label": "Positive", "start": 0, "tag": "Positive", "value": "Dollar General Corp" }, { "end": 42, "label": "Positive", "start": 31, "tag": "Positive", "value": "Dollar Tree" } ]
It was not all doom and gloom as IT giant IBM Corp <IBM.N> rose 2.6% after saying it expected to hit the top end of its revenue growth forecast for 2022, even as it flagged a $300 million knock to revenue from the suspension of its Russia business. [nL3N2WH3AE]
[ { "end": 50, "label": "Positive", "start": 42, "tag": "Positive", "value": "IBM Corp" } ]
Among other stocks, home improvement retailer Lowe's Companies Inc <LOW.N> jumped 4.3% after increasing its annual profit forecast on steady demand.
[ { "end": 66, "label": "Positive", "start": 46, "tag": "Positive", "value": "Lowe's Companies Inc" } ]
The S&P/ASX 200 <.AXJO> closed 0.4% higher at 6,650.60 points, extending gains to a third consecutive session. The benchmark had risen 0.2% on Wednesday.
[ { "end": 15, "label": "Positive", "start": 4, "tag": "Positive", "value": "S&P/ASX 200" } ]
Blackstone Inc <BX.N>, Carlyle Inc <CG.O>, and KKR & Co Inc <KKR.N> have reported record fourth-quarter earnings that outperformed analyst estimates. [nL1N2U7194] [nL1N2UE002] [nL1N2UJ1RU]
[ { "end": 34, "label": "Positive", "start": 23, "tag": "Positive", "value": "Carlyle Inc" }, { "end": 14, "label": "Positive", "start": 0, "tag": "Positive", "value": "Blackstone Inc" }, { "end": 59, "label": "Positive", "start": 47, "tag": "Positive", "value": "KKR & Co Inc" } ]
"The safety and health of our workforce is always our top priority. Whenever there is an incident, we double our efforts to reinforce safety," Exxon said in response to questions about the stand-down.
[ { "end": 148, "label": "Neutral", "start": 143, "tag": "Neutral", "value": "Exxon" } ]
Wells Fargo <WFC.N>, Bank of America <BAC.N> and Citigroup <C.N> advanced more than 1% each premarket, leading gains among big banks.
[ { "end": 11, "label": "Positive", "start": 0, "tag": "Positive", "value": "Wells Fargo" }, { "end": 58, "label": "Positive", "start": 49, "tag": "Positive", "value": "Citigroup" }, { "end": 36, "label": "Positive", "start": 21, "tag": "Positive", "value": "Bank of America" } ]
Dubai's main share index <.DFMGI> edged up 0.1%, helped by a 0.8% rise in Dubai Islamic Bank <DISB.DU> and a 0.8% increase in Emirates Integrated Telecommunications <DU.DU>.
[ { "end": 24, "label": "Positive", "start": 0, "tag": "Positive", "value": "Dubai's main share index" }, { "end": 164, "label": "Positive", "start": 126, "tag": "Positive", "value": "Emirates Integrated Telecommunications" }, { "end": 92, "label": "Positive", "start": 74, "tag": "Positive", "value": "Dubai Islamic Bank" } ]
AMTD Digital has all the ambition that inflated growth-focused technology stocks in recent years, promising in its prospectus to act as a ��fusion reactor�� for a wider ecosystem. Yet it��s not the potential to supercharge 10-month net profit of HK$187 million ($24 million) so much as its inexplicable surge that has produced comparisons with pandemic-era so-called meme stocks [nL4N2ZF373] like GameStop <GME.N> or AMC Entertainment <AMC.N>.
[ { "end": 12, "label": "Neutral", "start": 0, "tag": "Neutral", "value": "AMTD Digital" }, { "end": 431, "label": "Neutral", "start": 414, "tag": "Neutral", "value": "AMC Entertainment" }, { "end": 402, "label": "Neutral", "start": 394, "tag": "Neutral", "value": "GameStop" } ]
Coca-Cola, PepsiCo and other international brands in January called for a global pact that included calls to cut plastic production, a key growth area for the oil industry.
[ { "end": 9, "label": "Neutral", "start": 0, "tag": "Neutral", "value": "Coca-Cola" }, { "end": 18, "label": "Neutral", "start": 11, "tag": "Neutral", "value": "PepsiCo" } ]
Adding to the positive mood on Thursday, a survey by the Ifo Institute showed that German business morale rose more than expected in November and pessimism heading into the coming months eased considerably.
[ { "end": 70, "label": "Neutral", "start": 57, "tag": "Neutral", "value": "Ifo Institute" } ]
Citigroup <C.N> will report results later on Friday. Wells Fargo & Co <WFC.N> reported an 86% jump in fourth-quarter profit on Friday, propped up by gains from the sale of its corporate trust and asset management businesses. [nL4N2TU32F]
[ { "end": 69, "label": "Positive", "start": 53, "tag": "Positive", "value": "Wells Fargo & Co" }, { "end": 9, "label": "Neutral", "start": 0, "tag": "Neutral", "value": "Citigroup" } ]
"The trend in residential construction remains weak," says Rubeela Farooqi, chief U.S. economist at High Frequency Economics. "But it is positive for nonresidential and public so far in Q3."
[ { "end": 124, "label": "Neutral", "start": 100, "tag": "Neutral", "value": "High Frequency Economics" } ]
Shares in Deliveroo <ROO.L>, their most preferred name in the sector, are up 10.4%. Ocado <OCDO.L>, perhaps the least preferred, but it is still gaining 6.8% today.
[ { "end": 19, "label": "Positive", "start": 10, "tag": "Positive", "value": "Deliveroo" }, { "end": 89, "label": "Positive", "start": 84, "tag": "Positive", "value": "Ocado" } ]
Singapore stocks <.STI> rose 0.7% on Friday, to their highest level since June 10 and were also up 2.4% this week. Stocks in Malaysia <.KLSE> and Indonesia <.JKSE> gained 2.7% and 3.4%, respectively, for the week.
[ { "end": 16, "label": "Positive", "start": 0, "tag": "Positive", "value": "Singapore stocks" }, { "end": 133, "label": "Positive", "start": 115, "tag": "Positive", "value": "Stocks in Malaysia" }, { "end": 155, "label": "Positive", "start": 146, "tag": "Positive", "value": "Indonesia" } ]
The RBI has been focussing on controlling inflation that has stayed above its tolerance range for an eighth straight month. The RBI targets inflation in the 2%-6% band and has hiked the repo rate by 140 basis points in the May-August period.
[ { "end": 131, "label": "Neutral", "start": 128, "tag": "Neutral", "value": "RBI" }, { "end": 7, "label": "Neutral", "start": 4, "tag": "Neutral", "value": "RBI" } ]
Those and other digital initiatives are expected to help UPS win roughly $2 billion in new business this year from retailers and small businesses that sell via platforms like eBay <EBAY.O> and Shopify <SHOP.TO>, Tom�� said.
[ { "end": 179, "label": "Neutral", "start": 175, "tag": "Neutral", "value": "eBay" }, { "end": 60, "label": "Positive", "start": 57, "tag": "Positive", "value": "UPS" }, { "end": 200, "label": "Neutral", "start": 193, "tag": "Neutral", "value": "Shopify" } ]
"Counter-cyclical nature of exchange business models reduces their downside risk during market turmoil relative to peer financial sector companies and the broader market," said Gautam Sawant, CFA, Credit Suisse.
[ { "end": 210, "label": "Neutral", "start": 197, "tag": "Neutral", "value": "Credit Suisse" } ]
Shares of Netflix jumped 14% in after-hours trading, boosted in part by the streaming giant's forecast that it would pick up 4.5 million customers in the fourth quarter. The company's stock, an investor favorite during its years of rapid growth, had fallen nearly 60% this year before the earnings report.
[ { "end": 17, "label": "Positive", "start": 10, "tag": "Positive", "value": "Netflix" } ]
Danish drugmaker Novo Nordisk <NOVOb.CO> gained 4.3% after increasing its sales and operating profit outlook for the year, while French construction materials group Saint-Gobain <SGOB.PA> rose 2.6% after reporting record first-quarter sales. [nL2N2WR0EV] [nL2N2WQ27O]
[ { "end": 177, "label": "Positive", "start": 165, "tag": "Positive", "value": "Saint-Gobain" }, { "end": 29, "label": "Positive", "start": 17, "tag": "Positive", "value": "Novo Nordisk" } ]
With the coming of cooler autumn weather, Refinitiv projected average U.S. gas demand, including exports, would slip from 93.9 bcfd this week to 93.7 bcfd next week. Those forecasts were higher than Refinitiv's outlook on Tuesday.
[ { "end": 51, "label": "Neutral", "start": 42, "tag": "Neutral", "value": "Refinitiv" }, { "end": 208, "label": "Neutral", "start": 199, "tag": "Neutral", "value": "Refinitiv" } ]
Spirit Airlines Inc <SAVE.N> jumped 17% after it and Frontier Group Holdings <ULCC.O> unveiled plans to create the fifth-largest U.S. airline in a $2.9 billion tie-up. That lifted the S&P 1500 Airlines Index <.SPCOMAIR> over 3%. [nL4N2UI2IL]
[ { "end": 207, "label": "Positive", "start": 184, "tag": "Positive", "value": "S&P 1500 Airlines Index" }, { "end": 76, "label": "Positive", "start": 53, "tag": "Positive", "value": "Frontier Group Holdings" }, { "end": 19, "label": "Positive", "start": 0, "tag": "Positive", "value": "Spirit Airlines Inc" } ]
"The policy response required to what is going on is clear: a large, inter-meeting rate hike from the Bank of England as soon as next week to regain credibility with the market. And, a strong signal that it is willing to do 'whatever it takes' to bring inflation down quickly and real yield into positive territory," he added.
[ { "end": 117, "label": "Neutral", "start": 102, "tag": "Neutral", "value": "Bank of England" } ]
European futures contracts are barely moving ahead of the open, with STOXX futures <.STXEc1> losing a tiny 0.03% while FTSE futures <FFIc1> are up 0.08% after better-than-expected British GDP data.
[ { "end": 131, "label": "Positive", "start": 119, "tag": "Positive", "value": "FTSE futures" }, { "end": 82, "label": "Negative", "start": 69, "tag": "Negative", "value": "STOXX futures" } ]
Easing supply snarls and improved staffing has helped Campbell meet robust demand for its soups and sauces as consumers prioritize food essentials over discretionary goods amid surging inflation.
[ { "end": 62, "label": "Positive", "start": 54, "tag": "Positive", "value": "Campbell" } ]
In premarket trade, Kellogg's <K.N> shares were up nearly 7% after the company announced it would split into three different companies by spinning off its North American cereal and plant-based foods businesses. [nL4N2Y822D]
[ { "end": 27, "label": "Positive", "start": 20, "tag": "Positive", "value": "Kellogg" } ]
In Europe, traders see gains in Siemens <SIEGn.DE> after the German engineer beat profit expectations and forecast strong demand for hardware and software despite the complex macro. Good-looking news too from Thyssenkrupp <TKAG.DE>, which proposed its first dividend in four years. Burberry <BRBY.L> could also see support after the quarterly sales growth at the British luxury brand beat forecasts.
[ { "end": 221, "label": "Positive", "start": 209, "tag": "Positive", "value": "Thyssenkrupp" }, { "end": 39, "label": "Positive", "start": 32, "tag": "Positive", "value": "Siemens" }, { "end": 290, "label": "Positive", "start": 282, "tag": "Positive", "value": "Burberry" } ]
The domestic financial sector <.AXFJ> notched its biggest rise since early June with a 1.4% rise, with three out of four of Australia's "Big Four" banks gaining between 1% and 1.9%.
[ { "end": 29, "label": "Positive", "start": 4, "tag": "Positive", "value": "domestic financial sector" } ]
With respect to the power space, Generac Holdings Inc <GNRC.N> will certainly be monitored as the company is viewed as benefiting from increased demand for its home standby generators and typically sees its shares rise amid major storms. GNRC shares are up 1.3% on Wednesday and have now gained in three of the past four sessions. [nL1N30Y1A6]
[ { "end": 53, "label": "Positive", "start": 33, "tag": "Positive", "value": "Generac Holdings Inc" }, { "end": 242, "label": "Positive", "start": 238, "tag": "Positive", "value": "GNRC" } ]
Procter & Gamble gained 2.7% after raising its annual sales view and IBM Corp jumped 7.8% as it forecast hitting the top end of its 2022 revenue growth estimate. [nL3N2WI28E] [nL3N2WH3AE]
[ { "end": 77, "label": "Positive", "start": 69, "tag": "Positive", "value": "IBM Corp" }, { "end": 16, "label": "Positive", "start": 0, "tag": "Positive", "value": "Procter & Gamble" } ]
"Support for carbon-free energy in the legislation creates opportunities for us to extend the life of our nuclear fleet past mid-century and pursue hydrogen production to slash emissions from difficult-to-decarbonize sectors of the economy," Constellation CEO Joe Dominguez said in the company's third-quarter earnings release.
[ { "end": 255, "label": "Neutral", "start": 242, "tag": "Neutral", "value": "Constellation" } ]
However, Facebook parent Meta Platforms Inc <FB.O> climbed after falling 9.8% last month, while Microsoft Corp <MSFT.O> and Nvidia Corp <NVDA.O> gained after sharp declines in April.
[ { "end": 135, "label": "Positive", "start": 124, "tag": "Positive", "value": "Nvidia Corp" }, { "end": 43, "label": "Positive", "start": 25, "tag": "Positive", "value": "Meta Platforms Inc" }, { "end": 110, "label": "Positive", "start": 96, "tag": "Positive", "value": "Microsoft Corp" }, { "end": 17, "label": "Positive", "start": 9, "tag": "Positive", "value": "Facebook" } ]
Brazilian oil major Petroleo Brasileiro <PETR4.SA>, or Petrobras, jumped as much as 3.2% before reversing course after the company posted a stronger-than-expected 48% surge in third-quarter profit.
[ { "end": 39, "label": "Positive", "start": 20, "tag": "Positive", "value": "Petroleo Brasileiro" }, { "end": 64, "label": "Positive", "start": 55, "tag": "Positive", "value": "Petrobras" } ]
"With another 75bp rate hike delivered today and expectations for NII (net interest income) across many banks looking unaggressive, we remain positive," analysts at Jefferies wrote in a note.
[ { "end": 174, "label": "Neutral", "start": 165, "tag": "Neutral", "value": "Jefferies" } ]
Bank of America <BAC.N> threw the week's first earnings pitch, beating profit estimates as its strong consumer business helped mitigate sluggish global deal-making. Its shares were last up around 2.5%. [nL3N2WG1T3]
[ { "end": 15, "label": "Positive", "start": 0, "tag": "Positive", "value": "Bank of America" } ]
For the week, Brent was up about 11% and WTI up about 16%. Both would be the biggest weekly percentage gains since March.
[ { "end": 44, "label": "Positive", "start": 41, "tag": "Positive", "value": "WTI" }, { "end": 19, "label": "Positive", "start": 14, "tag": "Positive", "value": "Brent" } ]
In the face of aggressive rate increases by the Federal Reserve and the Ukraine war, investors boosted trading activity, helping the bank's fixed income, currency and commodities division.
[ { "end": 63, "label": "Neutral", "start": 48, "tag": "Neutral", "value": "Federal Reserve" } ]
To survive in a world where the likes of General Motors <GM.N>, Ford <F.N>, Renault <RENA.PA> or Stellantis <STLA.MI> can make hundreds of thousands of vans a year, superior software or technology could make all the difference for newer entrants.
[ { "end": 107, "label": "Neutral", "start": 97, "tag": "Neutral", "value": "Stellantis" }, { "end": 68, "label": "Neutral", "start": 64, "tag": "Neutral", "value": "Ford" }, { "end": 83, "label": "Neutral", "start": 76, "tag": "Neutral", "value": "Renault" }, { "end": 55, "label": "Neutral", "start": 41, "tag": "Neutral", "value": "General Motors" } ]
Its peers General Motors Co <GM.N> reported on Monday a 24% jump in quarterly sales while Toyota Motor's U.S. sales declined 7.1% to 526,017 vehicles in the same period. [nL4N3142H2]
[ { "end": 27, "label": "Positive", "start": 10, "tag": "Positive", "value": "General Motors Co" }, { "end": 102, "label": "Negative", "start": 90, "tag": "Negative", "value": "Toyota Motor" } ]
NEW YORK - Wall Street's main indexes jumped on Monday as Bank of America led a rally among lenders after reporting a smaller-than-expected drop in profit, with its new loans benefiting from higher borrowing costs.
[ { "end": 73, "label": "Positive", "start": 58, "tag": "Positive", "value": "Bank of America" } ]
"Despite the surge in cases and recent protests, China has not hardened its COVID approach and is continuing to fine-tune its policy, which is encouraging to investors," said Redmond Wong, Greater China market strategist at Saxo Markets in Hong Kong.
[ { "end": 236, "label": "Neutral", "start": 224, "tag": "Neutral", "value": "Saxo Markets" } ]
Tesla's shares have climbed about 35% over the past year and rose 3% on Thursday after its results raced ahead of expectations. [nL3N2WI3AV]
[ { "end": 5, "label": "Positive", "start": 0, "tag": "Positive", "value": "Tesla" } ]
Rusal is the world's largest aluminium producer outside China accounting for 6% of global supplies estimated at around 70 million tonnes this year. Banning its metal from the exchange could create a price surge, benefiting other producers.
[ { "end": 5, "label": "Neutral", "start": 0, "tag": "Neutral", "value": "Rusal" } ]
French food group Danone on Thursday raised its 2022 revenue growth forecast after its third-quarter sales beat analysts' estimates as the firm was able to raise prices to counter soaring costs. [nL8N31S8RJ]
[ { "end": 24, "label": "Positive", "start": 18, "tag": "Positive", "value": "Danone" } ]
Banks looked set to extend their climb higher, with Bank of America <BAC.N> up 1% in premarket trading, while megacap growth and technology stocks that led the overnight rally were mixed.
[ { "end": 67, "label": "Positive", "start": 52, "tag": "Positive", "value": "Bank of America" } ]
The MSCI's index for emerging market equities <.MSCIEF> rose for the first time in three days, with gains mainly led by most regions, excluding China stocks <.CSI300> <.SSEC>.
[ { "end": 45, "label": "Positive", "start": 4, "tag": "Positive", "value": "MSCI's index for emerging market equities" } ]
BofA continues to believe small caps are largely discounting recession risks, and that small cap value still looks like a bargain relative to small-cap growth. Indeed, despite economic concerns, BofA says that sectors with the best estimate revision trends are cyclicals, while consumer discretionary now ranks last.
[ { "end": 4, "label": "Neutral", "start": 0, "tag": "Neutral", "value": "BofA" }, { "end": 199, "label": "Neutral", "start": 195, "tag": "Neutral", "value": "BofA" } ]
Today's Brent prices are broadly in line with their 15-year average, notes Morgan Stanely. "Our forecast is that Brent stays around the mid-90s until early next year and then returns to a stronger trajectory after the coming winter."
[ { "end": 13, "label": "Neutral", "start": 8, "tag": "Neutral", "value": "Brent" }, { "end": 89, "label": "Neutral", "start": 75, "tag": "Neutral", "value": "Morgan Stanely" }, { "end": 118, "label": "Neutral", "start": 113, "tag": "Neutral", "value": "Brent" } ]
Value-oriented bank stocks including Bank of America <BAC.N>, Goldman Sachs <GS.N>, JPMorgan Chase & Co <JPM.N> and Citigroup <C.N> also rose about 1% each.
[ { "end": 75, "label": "Positive", "start": 62, "tag": "Positive", "value": "Goldman Sachs" }, { "end": 52, "label": "Positive", "start": 37, "tag": "Positive", "value": "Bank of America" }, { "end": 103, "label": "Positive", "start": 84, "tag": "Positive", "value": "JPMorgan Chase & Co" }, { "end": 125, "label": "Positive", "start": 116, "tag": "Positive", "value": "Citigroup" } ]
All of the three major indexes closed higher last week. The tech heavy Nasdaq <.IXIC> added 3.3%, the S&P 500 <.SPX> 2.4% and the Dow <.DJI> gained 2%.
[ { "end": 133, "label": "Positive", "start": 130, "tag": "Positive", "value": "Dow" }, { "end": 77, "label": "Positive", "start": 71, "tag": "Positive", "value": "Nasdaq" }, { "end": 109, "label": "Positive", "start": 102, "tag": "Positive", "value": "S&P 500" } ]
Nestle <NESN.S> has also benefited from price hikes and a smaller-than-expected slowdown in demand, with the world's largest packaged food company posting its strongest nine-month sales growth in 14 years and raising its full-year forecast earlier on Wednesday.
[ { "end": 6, "label": "Positive", "start": 0, "tag": "Positive", "value": "Nestle" } ]
"We maybe have a bit less chaos with Boris Johnson not running but it's not like Rishi Sunak has a strong programme presenting greater horizons ahead for the UK economy when the backdrop is still the backdrop," said John Hardy head of FX strategy at Saxo Bank.
[ { "end": 259, "label": "Neutral", "start": 250, "tag": "Neutral", "value": "Saxo Bank" } ]
The S&P 500 communication services index <.SPLRCL> added 3.1%, rising for the first time in five days and led sectoral gains. Tech stocks <.SPLRCT> rose 2.8%.
[ { "end": 40, "label": "Positive", "start": 4, "tag": "Positive", "value": "S&P 500 communication services index" }, { "end": 137, "label": "Positive", "start": 126, "tag": "Positive", "value": "Tech stocks" } ]
Shares of Lululemon rose about 2% in extended trading after the company also forecast current-quarter revenue and profit above estimates and posted better-than-expected first-quarter earnings results.
[ { "end": 19, "label": "Positive", "start": 10, "tag": "Positive", "value": "Lululemon" } ]
Adding to the upbeat mood for stock investors Friday, T-Mobile US Inc <TMUS.O> shares rose after it raised its annual forecast for wireless subscriber additions. Also, Exxon Mobil <XOM.N> posted a record-breaking quarter profit, while Chevron <CVX.N> reported its second-highest ever quarterly profit. [nL1N31T0SJ] All three major stock indexes were up sharply Friday.
[ { "end": 242, "label": "Positive", "start": 235, "tag": "Positive", "value": "Chevron" }, { "end": 69, "label": "Positive", "start": 54, "tag": "Positive", "value": "T-Mobile US Inc" }, { "end": 179, "label": "Positive", "start": 168, "tag": "Positive", "value": "Exxon Mobil" } ]
The OPEC+ producer group agreed this week to raise its oil output goal by 100,000 barrels per day (bpd) in September, but this was one of the smallest increases since such quotas were introduced in 1982, OPEC data showed. [nL1N2ZF13I]
[ { "end": 9, "label": "Neutral", "start": 4, "tag": "Neutral", "value": "OPEC+" }, { "end": 208, "label": "Neutral", "start": 204, "tag": "Neutral", "value": "OPEC" } ]
The Nasdaq <.IXIC> and S&P 500 <.SPX> recorded their best sessions of 2022, rising 1.4% and 0.9%, respectively. S&P 500 futures <ESc1> were steady in early Asia trade. [.N]
[ { "end": 10, "label": "Positive", "start": 4, "tag": "Positive", "value": "Nasdaq" }, { "end": 30, "label": "Positive", "start": 23, "tag": "Positive", "value": "S&P 500" }, { "end": 127, "label": "Neutral", "start": 112, "tag": "Neutral", "value": "S&P 500 futures" } ]
The Nasdaq Composite <.IXIC> is out front of the major indexes, and all S&P 500 <.SPX> sectors are higher. Materials <.SPLRCM> are posting the biggest rise, while energy <.SPNY> is the laggard.
[ { "end": 169, "label": "Negative", "start": 163, "tag": "Negative", "value": "energy" }, { "end": 20, "label": "Positive", "start": 4, "tag": "Positive", "value": "Nasdaq Composite" }, { "end": 79, "label": "Positive", "start": 72, "tag": "Positive", "value": "S&P 500" }, { "end": 116, "label": "Positive", "start": 107, "tag": "Positive", "value": "Materials" } ]
Joining up on fossil fuel powered vehicles makes sense too. These will contribute less to most automakers�� top line as policymakers demand cars are cleaner. But the numbers could stay significant for years or decades. Roughly 50 million internal combustion engine models were sold last year, per the International Organization of Motor Vehicle Manufacturers and the International Energy Agency. Meanwhile stringent environmental regulations make it increasingly irksome and costly to design and manufacture such models. Off-the-shelf solutions would be an affordable alternative.
[ { "end": 357, "label": "Neutral", "start": 300, "tag": "Neutral", "value": "International Organization of Motor Vehicle Manufacturers" }, { "end": 393, "label": "Neutral", "start": 366, "tag": "Neutral", "value": "International Energy Agency" } ]
But shares of Wells Fargo & Co <WFC.N> gained in pre-market trade after posting a greater-than-expected rise in fourth-quarter profit. [nL4N2TU2VT]
[ { "end": 30, "label": "Positive", "start": 14, "tag": "Positive", "value": "Wells Fargo & Co" } ]
Tuesday's gains are being led by Qualcomm <QCOM.O>, Broadcom <AVGO.O> and graphics chip maker Nvidia <NVDA.O>, which holds developer and investor events on Tuesday, with analysts looking for updates on products related to AI and the "multiverse".
[ { "end": 60, "label": "Positive", "start": 52, "tag": "Positive", "value": "Broadcom" }, { "end": 41, "label": "Positive", "start": 33, "tag": "Positive", "value": "Qualcomm" }, { "end": 100, "label": "Positive", "start": 94, "tag": "Positive", "value": "Nvidia" } ]
"He's very well informed, very good with the press. We were repeatedly surprised - he absolutely knew everything that was going on," the former Heinz executive said. "He talked to ex-Heinz people, analysts, industry experts - he had obviously done his homework."
[ { "end": 149, "label": "Neutral", "start": 144, "tag": "Neutral", "value": "Heinz" }, { "end": 188, "label": "Neutral", "start": 183, "tag": "Neutral", "value": "Heinz" } ]
However, households are not struggling with these loans. Debt servicing costs and household leverage remain well below historically normal levels. Loan delinquency rates are also extremely low and declined in the second quarter, Goldman said.
[ { "end": 236, "label": "Neutral", "start": 229, "tag": "Neutral", "value": "Goldman" } ]
Lockheed Martin CEO James Taiclet told Biden a robust supply of chips "is essential both to national security and to the health of the defense industrial base and the aerospace industry as a whole."
[ { "end": 15, "label": "Neutral", "start": 0, "tag": "Neutral", "value": "Lockheed Martin" } ]
Citigroup <C.N> will report results later on Friday. Wells Fargo & Co <WFC.N> reported an 86% jump in fourth-quarter profit on Friday, propped up by gains from the sale of its corporate trust and asset management businesses. [nL4N2TU32F]
[ { "end": 69, "label": "Positive", "start": 53, "tag": "Positive", "value": "Wells Fargo & Co" }, { "end": 9, "label": "Neutral", "start": 0, "tag": "Neutral", "value": "Citigroup" } ]
"Coke's results are testament to its brand value because consumers are unwilling to trade down to other colas, despite increasing prices," CFRA analyst Garrett Nelson said.
[ { "end": 5, "label": "Positive", "start": 1, "tag": "Positive", "value": "Coke" }, { "end": 143, "label": "Neutral", "start": 139, "tag": "Neutral", "value": "CFRA" } ]
Block Inc <SQ.N> posted a rise in third-quarter revenue on Thursday, sending its shares up 12% as the growth of its Cash App helped to make up for stagnant cryptocurrency prices that had dogged the payments platform led by Twitter founder Jack Dorsey in the previous quarters. [nS0N31001T]
[ { "end": 230, "label": "Neutral", "start": 223, "tag": "Neutral", "value": "Twitter" }, { "end": 124, "label": "Positive", "start": 116, "tag": "Positive", "value": "Cash App" }, { "end": 9, "label": "Positive", "start": 0, "tag": "Positive", "value": "Block Inc" } ]
Market leaders Apple <AAPL.O>, Amazon.com <AMZN.O> and Microsoft <MSFT.O> provided the upside muscle, while economically sensitive chips <.SOX> small caps <.RUT> and transports <.DJT> were underperforming the broader market.
[ { "end": 176, "label": "Negative", "start": 166, "tag": "Negative", "value": "transports" }, { "end": 136, "label": "Negative", "start": 131, "tag": "Negative", "value": "chips" }, { "end": 154, "label": "Negative", "start": 144, "tag": "Negative", "value": "small caps" }, { "end": 41, "label": "Positive", "start": 31, "tag": "Positive", "value": "Amazon.com" }, { "end": 64, "label": "Positive", "start": 55, "tag": "Positive", "value": "Microsoft" }, { "end": 20, "label": "Positive", "start": 15, "tag": "Positive", "value": "Apple" } ]
Tuesday's rally is a continuation of that momentum, said Jake Dollarhide, chief executive officer at Longbow Asset Management, adding that positive quarterly results from the likes of Tencent Music and Alibaba are further aiding sentiment.
[ { "end": 197, "label": "Positive", "start": 184, "tag": "Positive", "value": "Tencent Music" }, { "end": 209, "label": "Positive", "start": 202, "tag": "Positive", "value": "Alibaba" }, { "end": 125, "label": "Neutral", "start": 101, "tag": "Neutral", "value": "Longbow Asset Management" } ]
Refinitiv projected average U.S. gas demand including exports would slide from 100.9 bcfd this week to 100.1 bcfd next week as extreme heat starts to ease in some parts of the country. The forecast for next week was higher than Refinitiv's outlook on Monday.
[ { "end": 237, "label": "Neutral", "start": 228, "tag": "Neutral", "value": "Refinitiv" }, { "end": 9, "label": "Neutral", "start": 0, "tag": "Neutral", "value": "Refinitiv" } ]
With the coming of much colder weather, Refinitiv projected average U.S. gas demand, including exports, would jump from 98.6 bcfd this week to 121.4 bcfd next week. Those forecasts were slightly higher than Refinitiv's outlook on Tuesday.
[ { "end": 49, "label": "Neutral", "start": 40, "tag": "Neutral", "value": "Refinitiv" }, { "end": 216, "label": "Neutral", "start": 207, "tag": "Neutral", "value": "Refinitiv" } ]
While much of Wall Street has hit the brakes after a monster rally on Monday and Tuesday, Nvidia has continued to climb, albeit with a modest 0.4% rise on Thursday. The graphics chipmaker has now ascended almost 10% since Sept. 30, when it closed at its lowest level since March 2021.
[ { "end": 100, "label": "Positive", "start": 94, "tag": "Positive", "value": "Nvidia" } ]
Retail investors are also exploiting the strong short interest in Revlon. By snapping up shares, the investors drive up their value, forcing those who have shorted them to buy stock to close their positions, leading to further gains in the price.
[ { "end": 72, "label": "Positive", "start": 66, "tag": "Positive", "value": "Revlon" } ]
In commodities, Brent crude <LCOc1> futures rose 0.1% to $92.43 a barrel while U.S. West Texas Intermediate (WTI) crude <CLc1> gained 0.22% to $86.72 per barrel.
[ { "end": 119, "label": "Positive", "start": 79, "tag": "Positive", "value": "U.S. West Texas Intermediate (WTI) crude" }, { "end": 27, "label": "Positive", "start": 16, "tag": "Positive", "value": "Brent crude" } ]
"The sentiment remains cautiously optimistic with everyone prepared for a solid Q3. However, the ongoing macro concerns and the impact of a potential recession on the luxury goods demand is the key worry ahead," write UBS analysts.
[ { "end": 221, "label": "Neutral", "start": 218, "tag": "Neutral", "value": "UBS" } ]
Best Buy Co Inc <BBY.N> shot up 12.78% as the best performing stock on the S&P 500 <.SPX> index, after the retailer forecast a smaller drop in annual sales than previously announced and expressed confidence a ramp up in deals and discounts will entice more customers.
[ { "end": 15, "label": "Positive", "start": 0, "tag": "Positive", "value": "Best Buy Co Inc" }, { "end": 82, "label": "Neutral", "start": 75, "tag": "Neutral", "value": "S&P 500" } ]
That came as Europe braces for a double-digit inflation reading later in the day, as the European Central Bank voiced support for another big interest rate hike. German inflation accelerated to 10.9% this month, far beyond market expectations. [nL1N3100F2]
[ { "end": 110, "label": "Neutral", "start": 89, "tag": "Neutral", "value": "European Central Bank" } ]
Oil group Equinor posted record pretax profit and said it would raise dividend and share buybacks, and among financials, Amundi beats its strategic targets and ABN Amro announced a 500 million euro share buyback after a jump in net profit.
[ { "end": 169, "label": "Positive", "start": 161, "tag": "Positive", "value": "ABN Amro" }, { "end": 17, "label": "Positive", "start": 10, "tag": "Positive", "value": "Equinor" }, { "end": 128, "label": "Positive", "start": 122, "tag": "Positive", "value": "Amundi" } ]
Eren Osman, managing director of wealth management at Arbuthnot Latham & Co, said earnings so far in the United States and elsewhere have shown resilence as many companies beat expectations.
[ { "end": 75, "label": "Neutral", "start": 54, "tag": "Neutral", "value": "Arbuthnot Latham & Co" } ]
"We are currently seeing increasing COVID-19 case notification rates and an increasing trend in hospital and ICU admissions and occupancy in several countries mainly driven by the BA 5 sublineage of Omicron," said Dr Andrea Ammon, the director of ECDC, in a statement.
[ { "end": 251, "label": "Neutral", "start": 247, "tag": "Neutral", "value": "ECDC" } ]
Verstappen was lighting up the timing screens behind Leclerc and, having traded fastest laps with the Ferrari driver and Mercedes rival Lewis Hamilton during the final phase of qualifying, had saved his best for last on a drying track.
[ { "end": 113, "label": "Neutral", "start": 106, "tag": "Neutral", "value": "Ferrari" }, { "end": 133, "label": "Neutral", "start": 125, "tag": "Neutral", "value": "Mercedes" } ]
Shares of GameStop skyrocketed more than 680% in 2021 thanks to retail traders on social media platforms such as Reddit who snapped up heavily shorted stocks in a bid to squeeze out hedge funds betting against them.
[ { "end": 119, "label": "Neutral", "start": 113, "tag": "Neutral", "value": "Reddit" }, { "end": 18, "label": "Positive", "start": 10, "tag": "Positive", "value": "GameStop" } ]
The Labor Department said consumer prices advanced 7.7% in the 12 months through October, while the core rate, which excludes volatile food and energy prices, increased 6.3% on a year-on-year basis last month.
[ { "end": 20, "label": "Neutral", "start": 4, "tag": "Neutral", "value": "Labor Department" } ]
The utilities sector was the best performer and advanced 1.22% on gains from companies including Kansai Electric Power Co Inc <9503.T>, Tokyo Gas Co Ltd <9531.T>, and Osaka Gas Co Ltd <9532.T>.
[ { "end": 152, "label": "Positive", "start": 136, "tag": "Positive", "value": "Tokyo Gas Co Ltd" }, { "end": 125, "label": "Positive", "start": 97, "tag": "Positive", "value": "Kansai Electric Power Co Inc" }, { "end": 183, "label": "Positive", "start": 167, "tag": "Positive", "value": "Osaka Gas Co Ltd" } ]
"While increased reliance on consumer credit cards is not a sustainable long-term driver of consumer spending, the available credit does help provide at least some short term relief during a time when gasoline prices are daily breaking record highs," said Tim Quinlan, a senior economist at Wells Fargo in Charlotte, North Carolina.
[ { "end": 302, "label": "Neutral", "start": 291, "tag": "Neutral", "value": "Wells Fargo" } ]
Another reason LPL thinks investors can be encouraged that stocks may soon be poised for a turn is that in recent years July has tended to be a good month. Over the last decade, LPL says that, on average, the S&P 500 has gained 2.5% in July.
[ { "end": 216, "label": "Positive", "start": 209, "tag": "Positive", "value": "S&P 500" }, { "end": 181, "label": "Neutral", "start": 178, "tag": "Neutral", "value": "LPL" }, { "end": 18, "label": "Neutral", "start": 15, "tag": "Neutral", "value": "LPL" } ]
"Oil demand ... if you look at the latest data, it's still doing OK. We were expecting some demand destruction, it did not really happen," said Frederic Lasserre, global head of market research and analysis at Gunvor Group <GGL.UL>.
[ { "end": 222, "label": "Neutral", "start": 210, "tag": "Neutral", "value": "Gunvor Group" } ]
However, the summer solstice occurred this week on Tuesday June 21, at 5:13 AM EDT. With this first day of summer, the SPX gapped up at Tuesday's open and has gained more than 2% through Wednesday's close.
[ { "end": 122, "label": "Positive", "start": 119, "tag": "Positive", "value": "SPX" } ]
Microsoft Corp <MSFT.O> shares are up after late Tuesday it forecast double-digit revenue growth for the next fiscal year. Visa Inc <V.N> is also up after giving an upbeat outlook.
[ { "end": 131, "label": "Positive", "start": 123, "tag": "Positive", "value": "Visa Inc" }, { "end": 14, "label": "Positive", "start": 0, "tag": "Positive", "value": "Microsoft Corp" } ]
Rivian Automotive Inc <RIVN.O> surged after the electric-vehicle maker reported a smaller-than-expected loss, higher number of pre-orders and reaffirmed its full-year production outlook.
[ { "end": 21, "label": "Positive", "start": 0, "tag": "Positive", "value": "Rivian Automotive Inc" } ]