A look at Thursday morning’s market action: ▫️ Wall Street futures were negative early Thursday after Federal Reserve chair Jerome Powell held to the central bank’s hawkish tone on interest rates.
In the early premarket period, Dow, S&P and Nasdaq futures were all underwater. All three are coming off a third day of losses. The Nasdaq finished down 1.2 per cent on Wednesday. The Dow lost 0.3 per cent while the S&P 500 slid 0.5 per cent.
that the central bank still isn’t convinced rates are high enough – and that it may already have one foot in rate-hike camp for its next decision in July.The company said Thursday morning that it will now pay a quarterly dividend of 18.25 cents per share, up from 16.5 cents per share a year ago.rose to $182.9-million or 72 cents per share from $178.5-million or 68 cents per share a year earlier. Empire’s fourth-quarter sales totalled $7.41-billon, down from $7.
“Oil was getting near the bottom of its recent trading range and it could continue rebounding if the headlines for China remain upbeat,” OANDA senior analyst Ed Moya said in a note. The day range on the loonie was 75.88 US cents to 76.12 US cents in the early premarket period. The Canadian dollar was up 3.8 per cent over the last month against the greenback by early Thursday morning.
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