Breaking News: Markets

Wall Street analysts are bullish on META, NVDA & FSLR

Here are Thursday’s biggest calls on Wall Street: JMP downgrades Peloton to market perform from outperform JMP downgraded the stock mainly on valuation. “We are downgrading our rating on shares of Peloton from Market Outperform to Market Perform as Peloton reached our prior $16 price target while we leave our FY2024 estimates largely unchanged following …

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European Central Bank raises rates by 50 basis points, pledges further hike in March

Christine Lagarde, president of the European Central Bank, speaks at an event. Bloomberg | Bloomberg | GettyImages The European Central Bank on Thursday confirmed expectations of a 50 basis point interest rate increase, taking its key rate to 2.5%. In a statement, he pledged to “stay the course in raising interest rates significantly at a …

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Bank of England hikes rates by 50 basis points, now sees ‘much shallower’ recession than feared

A passageway near the Bank of England (BOE) in the City of London, UK, on ​​Thursday, March 18, 2021. Hollie Adams | Bloomberg | GettyImages LONDON — The Bank of England on Thursday hiked interest rates by 50 basis points and dialed back some of its previous bleak economic forecasts. The Monetary Policy Committee voted …

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Asia-Pacific markets mostly rise as investors digest Fed’s smaller quarter-point hike

Signs of ‘sequential acceleration’ in Hong Kong despite economy contraction in 2022: UBP Hong Kong’s economy is “in a position to return to expansion,” this year, UBP told CNBC’s “Squawk Box Asia” on Thursday. “We are seeing signs that there’s been a sequential acceleration in January. So that’s the good news,” said Carlos Casanova, UBP’s …

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Nasdaq 100 futures rise, propelled by Meta shares

S&P 500 futures advanced Wednesday night as investors looked beyond the latest interest rate hike and commentary from the Federal Reserve. Futures tied to the broad index added 0.4%. Nasdaq 100 futures gained 1%, helped by Meta shares. Futures connected to the Dow Jones Industrial Average ticked down 9 points, near flat. Meta surged more …

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Stocks moving big after hours: META, ALGN, ELF

Rafael Henrique | Sopa Images | Lightrocket | GettyImages Check out the companies making headlines in after-hour trading. Meta — The Facebook parent jumped 17% after the company announced a $40 billion stock buyback when reporting quarterly results. Meta beat analysts’ estimates for fourth-quarter revenue, according to Refinitiv. Meta also said it lost $13.7 billion …

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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 Tuesday evening as investors looked ahead to the Federal Reserve’s Wednesday meeting. Futures tied to the Dow Jones Industrial Average shed 48 points, or 0.14%. S&P 500 futures and Nasdaq Composite futures were down 0.20% and 0.37%, respectively. The moves come after stocks …

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