Mutual Fund and ETF data provided byRefinitiv Lipper.

Mutual Fund and ETF data provided byRefinitiv Lipper. Pre-Market Update Stock futures are indicating markets will open higher today after yesterday’s lackluster close. Futures on the Dow Jones Industrial Average are up 0.14%, while those on the S&P 500 are up…

stock market news today

Among OEMs pack, they are positive on M&M, Tata Motors, Maruti Suzuki, Ashok Leyland and Escorts. Check out Forex our earnings calendar for the upcoming week, as well as our previews of the more noteworthy reports.

Marketwatch Money Festival

For 2022, the company narrowed its adjusted EPS guidance range to $7.25 to $7.35 from $7.24 to $7.36, but raised its sales guidance to $57.5 billion to $58.5 billion from $56.9 billion to $58.1 billion. The stock has gained 3.0% over the past three months through Wednesday, while the Dow Jones Industrial Average has lost 5.1%. Enphase Energy(ENPH, +17.9%) was another post-earnings winner.

stock market news today

The international financial body warned of a global recession in the near future, as major economies including the U.S., China, and Europe experience a sharp slowdown. Moreover, the IMF also expects growth to slow further in 2023 as central banks tighten their monetary policies to fight stubborn inflation. US equities rose sharply and the dollar lost ground as investors bet the Federal Reserve would slow interest rate hikes following its announcement on Wednesday of an increase in rates in line with expectations. The stock market rally rose Wednesday, led by big-tech earnings, then added to gains on the Fed rate hike decision and Fed chief Powell’s comments. U.S. stock futures moved lower early Tuesday morning as investors digested recent earnings reports and dismal company outlooks, and braced themselves for more earnings releases from major blue-chip firms.

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Target dropped 3.6%, Macy’s slid 7.2% and Kohl’s fell 9.1%. After regular gasoline reached a peak price of $5.016 on June 14, the fuel has steadily dropped to today’s price of $4.302. Cryptocurrency was trading higher early Wednesday, as Bitcoin, Ethereum and Dogecoin all showed solid gains. Teva will pay up to $4.25 billion plus $100 million for the Tribes, spread over 13 years the company detailed. Ford had a good quarter as they had enough computer chips to boost factory output and sales. The Chinese Foreign Ministry spokesperson accused U.S. lawmakers of having “Chinaphobia” after the release of a Senate report on meddling in the Federal Reserve.

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  • The deal is expected to close no later than the first half of 2024.
  • Enphase has acquired five companies over the past six quarters, allowing it to offer its installer partners a broader suite of solutions, such as lead-generation, design, permitting, and maintenance services.
  • The maker of solar energy microinverters reported higher-than-expected Q2 revenue of $530 million, boosted by a 69% quarter-over-quarter spike in European sales.
  • In addition, WTI crude oil increased 2.7%, as it hovers just above $98 per barrel.

Nonetheless, it appears that the market likes what it sees from today’s report. When including aircraft orders, growth was also 1.9%, which crushed expectations of -0.5%.

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