Browsed by
Tag: Wednesday

5 things to know before the stock market opens Wednesday

5 things to know before the stock market opens Wednesday

1. Futures higher after Wall Street ends four-session winning streak



a person standing in front of a building: People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 5, 2020 in New York City.


© Provided by CNBC
People walk by the New York Stock Exchange (NYSE) in lower Manhattan on October 5, 2020 in New York City.

U.S. stock futures pointed to a higher open Wednesday, one day after the first down session in the past five for the Dow Jones Industrial Average, S&P 500 and Nasdaq, as investors digest more bank earnings and keep watch for any coronavirus stimulus developments out of Washington. Gains on Wednesday would avoid back-to-back losses for the major stock benchmarks, something that has not happened in more than three weeks. Despite Tuesday’s slide, the October gains for the Dow, S&P 500 and Nasdaq are still larger than the losses they experienced in September.

Loading...

Load Error

2. Goldman beats on earnings while BofA and Wells Fargo disappoint

Dow-30 stock Goldman Sachs rose in Wednesday’s premarket trading after the Wall Street firm posted third-quarter earnings and revenue that best estimates. Per-share profit of $9.68 far exceeded analyst expectations of $5.57. Quarterly revenue came in at $10.78 billion.

Bank of America shares fell in the premarket after the lender posted third-quarter results that missed on revenue. The firm said it generated $20.45 billion in total revenue. Profit in the quarter slumped 16% to $4.9 billion, or 51 cents a share, edging out the 49 cent estimate.

Shares of Wells Fargo dropped in the premarket after the bank also reported disappointing earnings for the third quarter as low rates put pressure on net interest income. Wells Fargo earned 42 cents per share on better-than-expected Q3 revenue of $18.86 billion.

3. Walmart spreading out Black Friday sales



a person standing in front of a store: A shopper is seen wearing a mask while shopping at a Walmart store in Bradford, Pennsylvania, July 20, 2020.


© Provided by CNBC
A shopper is seen wearing a mask while shopping at a Walmart store in Bradford, Pennsylvania, July 20, 2020.

Walmart, a

Read the rest
Thai Stock Market Tipped To Head South On Wednesday

Thai Stock Market Tipped To Head South On Wednesday

(RTTNews) – Ahead of Tuesday’s holiday for King Bhumibol Memorial Day, the Thai stock market had bounced higher again – one session after halting the four-day winning streak in which it had advanced almost 40 points or 3 percent. The Stock Exchange of Thailand now sits just beneath the 1,275-point plateau although it’s tipped to open in the red on Wednesday.

The global forecast for the Asian markets is soft on profit taking and on concerns for a COVID-19 vaccine. The European and U.S. markets were down and the Asian bourses figure to follow suit.

The SET finished modestly higher on Monday following mixed performances from the financial shares and energy producers.

For the day, the index added 6.29 points or 0.50 percent to finish at 1,273.43 after trading between 1,265.27 and 1,277.64. Volume was 20.184 billion shares worth 46.573 billion baht. There were 826 decliners and 698 gainers, with 454 stocks finishing unchanged.

Among the actives, Advanced Info gained 0.85 percent, while Bangkok Bank climbed 1.32 percent, Bangkok Dusit Medical skidded 1.56 percent, Bangkok Expressway added 0.57 percent, BTS Group rose 0.51 percent, Charoen Pokphand Foods tumbled 1.82 percent, Kasikornbank fell 0.33 percent, Krung Thai Bank collected 0.56 percent, PTT surged 3.01 percent, PTT Exploration and Production retreated 1.50 percent, PTT Global Chemical advanced 1.22 percent, Siam Commercial Bank gathered 1.14 percent, Siam Concrete dipped 0.28 percent and TMB Bank, Thailand Airport and Asset World were unchanged.

The lead from Wall Street is negative as stocks opened lower and largely remained that way, finishing in the red after three straight sessions of gains.

The Dow sank 157.71 points or 0.55 percent to finish at 28,679.81, while the NASDAQ slid 12.36 points or 0.10 percent to end at 11,863.90 and the S&P 500 fell 22.29 points or 0.63 percent to

Read the rest