Shares of Advaxis Inc. dropped more than 13 percent in pre-market activity before paring losses to just more than 5 percent after the company said that it was not able to complete the second stage of the Phase 2 GOG-0265 trial as designed due to a clinical hold that affected its clinical development programs last year.
Stocks may move to the upside in early trading on Monday, adding to the gains posted in the previous week. The major index futures are currently pointing to a higher open for the markets, with the Dow futures up by 94 points.
Eurozone private sector expanded at the fastest pace thus far this year, led by a strong rebound in Germany, while the pace of growth eased in France. The Composite Output Index, which combines manufacturing and services, rose to 53.7 from 52.6 in September, preliminary results of the purchasing managers' survey by IHS Markit showed Monday.
T-Mobile US Inc. on Monday lifted its forecast for fiscal 2016 adjusted EBITA, a key earnings metric, as well as customer additions after reporting a surge in third-quarter profit and and revenues with strong customer growth. Earnings per share came in above market estimates. In pre-market activity, shares were gaining around 4.8 percent to $49.
Early movements of U.S. futures index suggest that Wall Street stocks may open Monday's session higher. The market is looking ahead to the national activity index, the PMI manufacturing flash for October as well as a slew of speeches by Fed executives. Visa will be reporting its earnings after the bell. Asian stocks ended mostly higher, while European shares are advancing.
European stocks are heading towards a one-month high on Monday after a flash survey from IHS Markit showed the euro region is on track for a strong rebound in the quarter. The composite output index climbed to 53.7 in October from 52.6 in September, while economists had expected a score of 52.8.
Shares of Philips Electronics NV were gaining around 3 percent in the early morning trading in Amsterdam after the Dutch consumer electronics giant reported Monday a higher profit in its third quarter driven by margin strength with improved performance in its segments. Consolidated comparable sales growth was 2 percent, driven by 5 percent increase in HealthTech portfolio.
European stocks look set to open higher on Monday as investors brace for a busy week of earnings, economic releases and speeches by some Fed officials.
PMI readings across Europe due out this week will shed light on the region's manufacturing sector. Investors also await some key U.S. reports on...
Bristol-Myers Squibb Co.'s (BMY) supplemental Biologics License Application, seeking expanded use of Opdivo to patients with locally advanced unresectable or metastatic urothelial carcinoma that has progressed on or after platinum-containing therapy has been granted priority review by the FDA - with a decision date set for March 2, 2017.
AT&T announced a definitive agreement to purchase Time Warner in a stock-and-cash transaction valued at $107.50 per share. This purchase price implies a total equity value of $85.4 billion and a total transaction value of $108.7 billion, including Time Warner's net debt. AT&T expects the deal to close before year-end 2017.
The U.S. economy is in a happy space. Incoming economic evidence is vouching for the economy's vibrancy, which ironically is leaving traders rattled. Will the Fed construe the data points as strong enough to announce a second hike in the current rate tightening cycle? Meanwhile, the Fed isn't in the...
Jim Beam employees have ended a nearly week-long strike at two Jim Beam plants in Kentucky. The employees reached a settlement on the new contract after the primary demand to hire more full-time staff was agreed.
The latest contract was agreed on a 204-19 vote. Whiskey production wil begin on Monday,...
Employees of Facebook, the world's largest social network, reportedly considered to censor hate posts from US Presidential candidate Donald Trump, however, the matter was resolved by CEO Mark Zuckerberg intervention.
According to The Wall Street Journal, some Facebook employees accused certain posts...
Stocks turned in another relatively lackluster performance during trading on Friday, as traders focused on the latest batch of earnings news amid a quiet day on the U.S. economic front. The major averages eventually ended the session on opposite sides of the unchanged line.
Former Ku Klux Klan leader David Duke has just enough support to qualify for a televised debate in Louisiana's Senate race. A survey by Raycom Media found that Duke met the 5 percent threshold needed to participate in the debate, which will be held at Dillard University, a historically black university in New Orleans.