Tech Stocks Slowly Building on Morning Decline

Tech Stocks Slowly Building on Morning Decline

Technology stocks were narrowly lower this afternoon, with shares of tech companies in the S&P 500 losing almost 0.2% in value. In company news, Sequans Communications (SQNS) plunged Wednesday, dropping almost 40% to a session low of $1.84 a share, after the 4G chipmaker for wireless devices late Tuesday lowered its Q3 revenue guidance below analyst estimates. The company is now expecting revenue during the three months ended Sept. 30 […]

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Trump Tax Plan Progress Raises Prospect of Significant EPS Growth, May Revive Trump Trades

Trump Tax Plan Progress Raises Prospect of Significant EPS Growth, May Revive Trump Trades

Progress made in Washington in discussions about passing tax proposals put forward by US President Donald Trump may revive “Trump trades” that spurred US equity markets earlier in the year. If passed into law, the changes will lead to significant earnings upside and faster economic growth, Goldman Sachs said. After strides towards agreement in the Senate on the tax package, Goldman political economist Alec Phillips lifted his estimate of the […]

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European Equity Benchmarks Close Mixed

European Equity Benchmarks Close Mixed

The broad-based major European indices closed mixed in Wednesday’s trading session, as automakers buoyed the German market, while supermarket operators and banks weighed on the UK and French exchanges. In economic news, Eurostat, the statistical office of the European Union, reported the seasonally adjusted volume of retail trade fell 0.5% in the euro area (EA19) in August, compared with July, while it remained stable in the EU28. Compared with August […]

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Overnight Forex Wrap: USD/JPY Tumbles Some 50 pips Since London Open

Overnight Forex Wrap: USD/JPY Tumbles Some 50 pips Since London Open

USD/JPY has tumbled some 50 basis points since the London open, logging lows so far near 108.40. This brings back into scope the 108.33 low seen in the early Asia-Pacific session. Dollar weakness and safe-haven demand for the yen are driving the move. North Korea has escalated tensions by launching a missile over Japan, which comes with shaky political situation in Washington D.C., and as markets try to assess the […]

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Koninklijke Philips Wins Order

Koninklijke Philips Wins Order

Koninklijke Philips, a Dutch health technology company, said on Tuesday it signed an agreement for Lakeland Health to install its Philips IntelliVue Guardian Solution at all three of Lakeland’s hospitals. The Philips IntelliVue Guardian Solution is designed to aid clinicians in the early detection of subtle signs of patient deterioration in the general care ward, Phillips said. The latest version of Philips IntelliVue Guardian software has been available in the […]

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