Chocolat hillcrest1/8/2024 ![]() On the economic data front, June housing starts declined 2% to 1,559,000 from an upwardly revised 1,591,000 in May – falling below the market expectation of 1,580,000 and indicating cooling in the housing market amid rising interest rates. Just after the open, the Dow Jones Industrial Average had added 228 points at 31,301 points, while the S&P 500 was up 40 points at 3,871 points, and the Nasdaq Composite had gained 142 points at 11,502 points. ![]() US stocks opened higher after Monday’s sell-off with volatile trading expected to continue with the release of key corporate earnings and economic data this week. Marvel Discovery applies for permits for maiden diamond drilling at KLR-Walker Uranium Project in Athabasca Basinīloom Health Partners closes second tranche of its previously announced non-brokered private placement for gross proceeds of C$554,000īioNTech and Pfizer in talks to delay Covid vaccine deliveries amid EU glutĪnacortes says drill results from the first two completed diamond drill holes at Tres Cruces demonstrate near-surface high-grade continuity 9.35am: Choppy trading to continue Minto Metals reports 16% increase in copper sales in latest quarter hires new directors of corporate development and investor relations Nextech AR launches upgrades to its spatial mapping platform, ARway Lobe Sciences files patent for preparation of stable psilocin prodrugs and analogues Power Nickel releases initial NI 43-101 resource for Nisk project in Québec showing over 2.5M indicated tonnes at 1.20% nickel-equivalent Hillcrest Energy Technologies remains on track to deliver commercial prototypes of electric vehicle inverter to customers by 4Q Psyched Wellness announces that its proprietary Amanita Muscaria Extract (AME-1) is now available for preorder in the USA Vicinity Motor announces Northwest US distribution agreement with Portland-based dealership Schetky Bus and Van Sales Nickel North Exploration amends its non-brokered flow-through (FT) private placement to gross proceeds of up to $300,000 Transition Metals looks ahead to summer 2022 exploration at three of its Ontario properties Sidus Space grows relationship with Teledyne Marine after highest revenue quarter since partnership beganĬhesapeake Financial sees 1Q earnings rise to $4.06M thanks to strong asset qualityĪmerican Resources posts record preliminary revenue growth in 2Q Hotel Chocolat the latest retailer to crash and burn in the US Tissue Regenix 'well-positioned to deliver persistently strong sales growth', says analyst 10.42am: Proactive North America headlines:Īpple to slow hiring and investment ahead of potential downturn - reportĮndexx launches Blesswell skincare products in select Target stores in the US While many have been worried over the mental implications of investors being repeatedly of the gloomy economic outlook, we appear to be seeing a sell-the-rumour-buy-the-fact scenario play out this earnings season,” Mahony said. “If markets had grown accustomed to the pattern of equity weakness and dollar strength, this week has brought welcome reprieve. Inflation fears ease somewhat, with dollar weakness and stock market strength coming as UK wages and commodity prices head lower, according to Joshua Mahony, senior market analyst at online trading platform IG. US stocks remained in positive territory at noon buoyed by better-than-expected earnings from financial services giants Goldman Sachs and Bank of America yesterday, as anticipation remains high for results from the likes of Netflix after the bell.Īt noon, as the Dow Jones added 1.73% to 31,609 points, the S&P 500 was up 1.56% to 3,902, and the Nasdaq jumped 2.18% to 11,608. 12:05pm: Stocks remain in positive territory The media streaming giant reported a loss of 970,000 subscribers in the second quarter, which came as a relief after warning shareholders it could lose 2 million. Shares of Netflix jumped more than 5% to $201.63 in anticipation of earnings after the closing bell. ″ I acknowledge sentiment is bad and we could see a large, tactical rally, I am currently more concerned about protecting downside than missing upside, in the aggregate,” Merritt wrote, as reported by CNBC. However, as Wedbush analyst Kevin Merritt argued in a note to clients Tuesday, markets may not be out of the woods just yet. Notably, the three major benchmarks finished higher than their 50-day moving averages for the first time since April. The Dow closed Tuesday up 754 points, 2.4%, at 31,827, the Nasdaq Composite jumped 353 points, 3.1% to 11,713 and the S&P 500 added 106 points, 2.8%, to close at 3,937. 4:22pm: Netflix stock climbs ahead of earnings report
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