Finance

Check out the companies making headlines in midday trading.  Ormat Technologies — Shares of the alternative energy company advanced more than 4% after Bank of America initiated coverage on the stock with a buy rating and $96 target, according to FactSet. The stock rose to an all-time high on the heels of the bullish call.

Check out the companies making headlines before the bell: Alibaba – The China e-commerce giant saw its shares plunge for the second straight session overnight to their lowest level since June. Alibaba announced it was increasing its share buyback program to $10 billion from $6 billion, but the move failed to ease concerns about a

SINGAPORE — The increasing regulatory scrutiny of Alibaba-affiliate and financial technology powerhouse Ant Group could be bad for the Chinese economy as well as China’s financial technology sector, says Andrew Collier, managing director of Orient Capital Research. The highly-anticipated listing of Chinese tech giant Ant Group — which was set to be the world’s largest

U.S. stock futures rose slightly on Monday night following a rally that lifted the major averages to fresh record highs. Dow Jones Industrial Average futures traded 92 points higher, or 0.3%. S&P 500 and Nasdaq 100 futures gained 0.3% and 0.2%, respectively. The Dow jumped 204 points, or 0.7%, earlier in the day, while the

U.S. stock index futures advanced in overnight trading on Tuesday as the market tried to reclaim record highs. Contracts tied to the Dow Jones Industrial Average gained 42 points. S&P 500 futures and Nasdaq 100 futures each gained 0.14%. The move came after the major averages closed lower on Tuesday, giving up early gains that

LONDON — European markets opened higher on Wednesday, as investors react to President Donald Trump’s disapproval of a long-delayed U.S. coronavirus stimulus package. The pan-European Stoxx 600 index was up 0.5% during morning deals, with autos stocks climbing 1.6% to lead the gains. Health care stocks bucked the trend to slip around 0.3%. Trump on

U.S. government debt prices were lower on Wednesday after President Donald Trump suggested he may not sign a long-delayed coronavirus relief package.  The yield on the benchmark 10-year Treasury note climbed to 0.921%, while the yield on the 30-year Treasury bond was slightly higher at 1.655%. Bond yields move inversely to prices. Trump on Tuesday poured cold water on

U.S. stock futures were flat in overnight trading on Tuesday after the S&P 500 suffered a three-day losing streak. Dow futures rose 6 points. S&P 500 futures and Nasdaq 100 futures gained 0.07% and 0.05%, respectively. On Tuesday, the Dow Jones Industrial Average shed 200 points, despite a 2.9% jump in Apple’s stock. The S&P

European stocks are set to open higher in a light trading session as traders grew optimistic a Brexit trade deal would be reached. Britain’s FTSE 100 is seen climbing 38 points to 6,530 and France’s CAC up 15 points at 5,552, according to index data from IG. The German and Italian markets are closed for

Take a look at some of the biggest movers in the premarket: FireEye (FEYE) – The cybersecurity firm’s stock is 2% lower in premarket trading, after rising for four straight sessions and eight of the past 10, gaining more than 78% over the latter stretch. Shares of this and other cybersecurity firms have been rising,

LONDON — The British pound traded near 2-½ year highs on Thursday as investors reacted to the U.K. and the European Union striking a long-awaited Brexit trade deal. Sterling trimmed some gains after the news was announced, but was still up 0.5% for the session at around $1.3557. Earlier this month, the currency breached a

Treasury yields fell on Thursday after the U.K. and the European Union agreed on new Brexit trading arrangements. The yield on the benchmark 10-year Treasury note fell to 0.948%, while the yield on the 30-year Treasury bond traded lower at 1.689%. Bond yields move inversely to prices. Negotiators from Britain and the European Union reached a free trade agreement

U.S. stock index futures were slightly higher in overnight trading on Wednesday, ahead of the final trading day of the holiday-shortened week. Futures on the Dow Jones Industrial Average advanced 48 points. S&P 500 futures rose 0.12%, while Nasdaq 100 futures advanced 0.08%. The S&P 500 finished Wednesday’s session little changed — rising less than

Check out the companies making headlines in midday trading.  Nikola — Shares of the electric vehicle company shed more than 3% as the stock continued its slide after the announcement of the end of a garbage truck development deal with Republic Services. The stock lost 10.7% on Wednesday. Wedbush Securities called the announcement “a tough

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European markets are set to trade lower on Monday as investors monitor a fast-spreading new variant of the coronavirus strain that has shut down much of the U.K. Britain’s FTSE 100 was seen opening down by 75 points at 6,442, Germany’s DAX off by 190 points at 13,448 and France’s CAC falling 94 points to

Take a look at some of the biggest movers in the premarket: Tesla (TSLA) – Tesla joins the S&P 500 index as of today, following a high-volume day of trading Friday as index fund managers prepared for its inclusion. Tesla will have the 6th largest market cap in the index, behind Apple, Microsoft, Amazon, Alphabet,

CFRA’s Sam Stovall is delivering yuletide optimism to investors. The firm’s chief investment strategist believes another fiscal stimulus measure coupled with Covid-19 vaccines hitting the marketplace will help stocks stage a year-end rally. “We’re familiar with the Santa Claus rally popularized by the Stock Trader’s Almanac,” he told CNBC’s “Trading Nation” on Monday. “Going back to

US Senate Majority Leader Mitch McConnell speaks during a news conference with other Senate Republicans at the US Capitol in Washington, DC, on December 15, 2020. Tom Brenner | AFP | Getty Images Stock futures rose slightly in overnight trading on Sunday as Congress managed to seal a coronavirus stimulus deal hours before a shutdown

A Lufax flag on display during an event in Shanghai, China to launch the company’s initial public offering on the New York Stock Exchange. Arjun Kharpal | CNBC BEIJING — Investor appetite for Chinese companies in U.S. stock markets rose to a six-year high in 2020 despite tensions between the two countries. China-based companies raised