After ending the previous session modestly lower, stocks may move back to the upside in early trading on Thursday. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 37 points.
The European Central Bank left its monetary policy unchanged for a ninth consecutive session on Thursday as policymakers likely assessed that it was too early to trigger speculation of a future tapering of the massive stimulus as uncertainties linger around both the economic and political outlooks.
American Airlines Group Inc. (AAL) reported a profit for the first-quarter 2017 that declined 66.6 percent from last year, reflecting a 37.8 percent increase in consolidated fuel expense. But quarterly total operating revenues increased 2.0 percent. Both adjusted earnings per share and revenue for the quarter beat analysts' expectations.
Automotive major Ford Motor Co. reported Thursday lower profit in its first quarter, while revenues increased from last year. Adjusted earnings per share and revenues topped market estimates. Looking ahead, for fiscal 2017, Ford continues to expect total company adjusted pre-tax profit to be about $9 billion..
Avnet Inc. (AVT) Thursday reported a surge in third quarter net earnings to $271.771 million from $123.459 million in the prior year. On a per share basis, earnings were $2.12, up from $0.95 last year.
Initial trends in the U.S. future index is pointing to a higher opening of Wall Street. The market was excited by the effort of the White House to simplifying the tax code. Durable Good Orders and International Trade in Goods data of the day will give an insight to the quarterly GDP report. The market is waiting for the Jobless claims figures also. Asian shares closed broadly higher, while Europea
European stocks snapped a six-day winning streak on Thursday as U.S. President Donald Trump's long-touted tax plan for big corporate and personal tax cuts offered few details and investors waited to hear from ECB President Mario Draghi.
The European Central Bank is broadly expected to maintain the...
Shares of Nokia Corp. were gaining around 6 percent in mid-morning trading in Finland after the network equipment maker reported Thursday narrower loss in its first quarter. The company also reiterated its fiscal 2017 outlook for total cost savings. CEO Rajeev Suri said, "Overall, given Nokia's performance in the first quarter, I am optimistic about the year ahead, even if cautiously so."
Aerospace and defense major Airbus Group SE reported Thursday higher profit and revenues in its first quarter with growth in all segments, except defence. Adjusted EBIT, a key earnings metric, meanwhile declined from last year. Looking ahead, for fiscal 2017, Airbus continues to expect mid-single-digit percentage growth in adjusted earnings per share and adjusted EBIT.
Shares of AstraZeneca Plc were declining in the morning trading in London after the British drug giant reported Thursday weak profit and revenues in its first quarter, as product sales were hurt mainly by the residual impact of the US Crestor patent expiry. Core profit, however, increased with improved cost control. Further, the company confirmed its financial guidance for 2017.
German banking giant Deutsche Bank AG reported Thursday significantly higher profit in its first quarter, mainly reflecting lower expenses and provision for credit losses. Meanwhile, net revenues declined with lower net interest income and weak global markets revenues. Deutsche Bank shares were losing around 3 percent in the morning trading in Germany.
European stocks are seen opening lower on Thursday after the highly anticipated tax plan outline released by U.S. President Donald Trump offered no specifics on how the tax cuts would be paid for without increasing the budget deficit.
The disappointment on the tax plan, which included a cut in the...
Shares of Samsung Electronics Co Ltd (SMSN.L, SSNNF.OB, SSNLF.OB) were gaining around 4 percent in the trading in South Korea after the company reported significant growth in its first-quarter profit with higher sales mainly in memory and display businesses. For the full year, the company expects overall earnings to grow from last year.
Here's why AKBA and FLKS soared today while FLXN and BABY plunged.
Stocks finished Wednesday's trading modestly lower after seeing strength for much of the trading session. The major averages pulled back going into the close, ending the session just below the unchanged line.