Investing.com -- U.S. stock futures rose Friday on optimism that the Federal Reserve will start cutting interest rates later this year.
Here are some of the biggest premarket U.S. stock movers today:
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Novavax (NASDAQ: NVAX) stock soared 125% after the biotech company signed a deal with French drugmaker Sanofi (NASDAQ: SNY), up 0.3%, to develop its Covid vaccine starting next year.
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Moderna (NASDAQ: MRNA) stock fell 2.6% after the drugmaker announced that the Food... (continue reading...)
Analysts at Bank of America said June will be one "to remember" with key decisions for many central banks to come.
The investment bank noted that this week was rich in central bank surprises, with the Riksbank deciding to take the lead and cut rates and the Bank of England showing a lot more confidence in inflation going in the right direction than they had expected.
"In a way, we got a glimpse of what June - with key decisions for many central banks - would look... (continue reading...)
(Reuters) - Shares of China's Zeekr Intelligent Technology were scheduled to start trading on the New York Stock Exchange on Friday after the electric-vehicle maker priced its initial public offering at the top end of its marketed range.
The debut would mark the first major U.S. listing by a Chinese company since 2021 and would test the investor appetite for such companies.
It would also be a barometer to gauge interest for EV makers,... (continue reading...)
By Qiaoyi Li and Brenda Goh
BEIJING (Reuters) -China's car exports surged to a record high in April, data showed on Friday, as domestic sales slipped 5.8% from a year earlier amid intensifying price competition and consumers' caution about spending on big items during a shaky economic recovery.
Car exports jumped 38% year-on-year to 417,000 units in April, continuing strong momentum from the previous month which posted a 39% growth in... (continue reading...)
By Lewis Krauskopf
NEW YORK (Reuters) - A strong earnings season and blockbuster reports from tech industry titans fueled a U.S. stock market rebound from the first real swoon of 2024. Next week’s inflation data could determine whether the good vibes continue.
The benchmark S&P 500 index is up over 9% for the year, up near its late-March record high, following a 5% pullback that occurred last month.
The bounce has... (continue reading...)
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TikTok, ByteDance sue to block US law seeking sale or ban of app
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Biden Administration Is Holding Shipments Of Boeing (BA) -made Precision Bombs To Send Political Message To Israel - Politico
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Barclays highlights stocks most exposed to stagflation risk
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Citadel's Griffin says Fed's first rate cut may come in December
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