Stock markets

Nasdaq 100 futures rise after Meta posts quarterly revenue beat

Futures linked to the Nasdaq 100 were higher overnight Wednesday. Nasdaq 100 futures gained 0.8%, helped by Meta shares. S&P 500 futures jumped 0.3%. Futures connected to the Dow Jones Industrial Average ticked down 45 points, or 0.1%. Meta surged more than 19% in extended trading after reporting a fourth-quarter beat on revenue and announcing …

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Investors need to have conviction, sixteen on ‘mistaken selling’

CNBC’s Jim Cramer on Wednesday advised investors to block out the market bears, and use their missteps to bolster their own portfolios. “Their mistaken selling creates opportunities for you to buy the dips. You need to have conviction that the sellers are wrong and you’re right. You need to believe in your view, not the …

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Adani scraps $2.5 billion share sale as value of his empire collapses

London CNN — Indian billionaire Gautam Adani on Wednesday abandoned a deal to raise $2.5 billion from investors after a week-long meltdown in the value of his logistics and energy business empire that started when an American short seller accused the conglomerate of fraud. The share sale — the largest offering by a company already …

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S&P 500 closes higher on Wednesday, Nasdaq adds 2% as investors look past Fed’s rate hike

Stocks gained on Wednesday in an intraday turnaround as investors shook off a quarter-point rate hike from the Federal Reserve and instead focused on comments from Fed Chairman Jerome Powell that acknowledged falling inflation. The S&P 500 gained 1.05% to end at 4,119.21, reversing an earlier decline of almost 1%. The Nasdaq Composite added 2% …

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How the Fed managed to spark a stock rally while still talking tough

Fed Chairman Jerome Powell talked tough Wednesday, promising more rate hikes in the unrelenting battle against inflation, but he also let slip a few comments dovish enough to send the stock market sharply higher. The Federal Reserve raised interest rates Wednesday afternoon by a quarter point, as expected, and also kept a comment in its …

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Morgan Stanley sees this gene therapy stock doubling from here

Rocket Pharmaceuticals could soar as a trial with blockbuster sales potential enters a pivotal phase, according to Morgan Stanley. Analyst Michael Ulz initiated the stock at overweight with a $45 price target. That target share price implies the stock will rally 107.1% from Tuesday’s close. Ulz called Rocket a “leading gene therapy company” that can …

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Stock futures tick lower as traders await the Federal Reserve’s latest rate hike decision

Traders on the floor of the NYSE Source: NYSE Stock futures slipped Wednesday as investors looked ahead to the Federal Reserve’s Wednesday meeting. Futures tied to the Dow Jones Industrial Average shed 70 points or 0.2%. S&P 500 futures and Nasdaq Composite futures were down 0.24% and 0.35%, respectively. The moves come after stocks jumped …

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