Wall Street dips
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U.S. stock index futures were set to open higher on Thursday, as investors digested a slate of corporate earnings, while uncertainty around surging valuations in tech companies and mixed economic data kept gains in check.
JPMorgan's analysts said they would be "dip-buyers" until at least the end of this year. Macro strength and waning headwinds should boost stocks.
“Our third quarter results continue to show the strength of Yeti and the positive momentum of our long-term growth strategy,” President and CEO Matt Reintjes said in a statement. “Anchored in accelerating product innovation, a powerful and growing global brand, and expanding international reach, we are seeing meaningful wins.”
U.S. stock index futures ticked lower on Wednesday, as investors retreated from AI-linked stocks for a second day on concerns over ballooning valuations and awaited economic data for signs on the health of the U.
General Mills has continued to underperform the broader market over the past several years, and analysts remain cautious about the stock’s prospects.
Bitcoin dipped 2.2% Thursday morning to around $101,554, as the cryptocurrency’s attempt at a relief rally stalled alongside Wall Street's fall. The largest cryptocurrency had recouped some losses on Wednesday after briefly falling below the key $100,
Dividend Kings are stocks that’ve had their dividend payouts raised for 50 consecutive years or more, such as Target (NYSE:TGT), Becton Dickinson (NYSE:BDX), and Hormel Foods (NYSE:HRL). That is an exceptional feat that the vast majority of stocks in the market cannot match.
Wall Street's main indexes fell to over a week low after big U.S. bank CEOs warned of a potential market selloff. Tech valuations are under scrutiny, and Palantir's upbeat forecast failed to impress.
The Canadian dollar weakened against its U.S. counterpart on Tuesday as rising coronavirus cases weighed on investor sentiment, but a recovery in oil prices helped the loonie recoup some of its decline.
Shares have bounced back in Asia after Wall Street got a boost from upbeat economic updates and a steady flow of quarterly reports from U.S. companies