Today’s Announcements & News
Investors will closely monitor Alibaba’s Hong Kong-listed shares on Wednesday as the Chinese tech giant announces that it will split into six business groups. As a result, Asia-Pacific markets are set for a mixed opening.
In advance of the expected 7.1% inflation reading for February, the S&P/ASX 200 in Australia fell 0.16 percent.
In contrast to the Nikkei 225’s most recent close of 27,518.25, Chicago’s Nikkei futures contract was at 27,330 and Osaka’s Nikkei futures contract was at 27,250 in Japan.
Futures for the Hang Seng index in Hong Kong are currently trading at 20,135 as opposed to the index’s previous close of 19,784.
After the major averages fell on the back of higher bond yields on Tuesday night, U.S. stock futures saw a slight increase.
Futures on the Dow Jones Industrial Average gained 0.13 percent, or 41 points. Futures on the S&P 500 and Nasdaq 100 went up by 0.14 and 0.09%, respectively.
According to consensus estimates from Refinitiv, Micron’s stock fell in extended trading after the semiconductor manufacturer fell short of expectations for its top and bottom lines in its most recent quarter. However, after the athletic apparel retailer surpassed Wall Street’s estimates for adjusted earnings and revenue, Lululemon’s stock rose by 12%.
During the regular session on Tuesday, the Nasdaq Composite closed 0.45 percent lower, falling for a second day in a row as tech stocks were weighed down by rising yields. The Dow Jones Industrial Average lost 37.83 points, or 0.12%, while the S&P 500 fell 0.16 percent.
On the back of supply disruption risks from Iraqi Kurdistan and hopes that banking sector turmoil is contained, crude prices advanced sharply on Tuesday.
To $78.74 a barrel, Brent crude futures gained 62 cents, or 0.79 percent. West Texas Moderate U.S. rough was up $0.52, or 0.71%, at $73.31.
The above analysis is only for the views of market researchers and is for reference only and is not regarded as a specific investment suggestion.