39 Mins Ago
China’s former premier Li Keqiang has died: State media
China’s former premier Li Keqiang on Friday has died at the age of 68, according to Chinese state media.
CCTV reported Li died just past midnight after suffering a heart attack while in Shanghai.
Li was premier of the world’s second largest economy from 2013 to 2023, and ended two terms as premier in March.
Before this, he was vice premier from 2008 to 2013, and became a member of the highest circle of power, the Chinese Communist Party Central Committee Politburo Standing Committee, in 2007, according to state media.
— Evelyn Cheng
7 Hours Ago
10 out of 11 sectors are set to end this month in the negative
Eight out of the 11 sectors ended Thursday’s trading session in negative territory. The communication services sector was the laggard, sliding 2.58%, while real estate was the best performer, up 2.15%.
Eight sectors are also negative on the week, again led to the downside by communication services. The sector is down 6.38%, on pace to post its worst weekly performance since February of this year. Utilities, which is up 3.11%, is the best-performing sector so far on the week.
Continuing this theme, 10 sectors are set to close the month in negative territory. Consumer discretionary is down the most at 7.93% month to date, on pace for its worst monthly performance since December 2022. Utilities, up 1.53%, is the best-performing sector this month.
— Lisa Kailai Han, Christopher Hayes
8 Hours Ago
The major averages are on pace for three straight losing months
Stocks are limping through the fall, and all three of the major averages are poised to post their third consecutive month of declines.
In October, the S&P 500 is down 3.52%. The Nasdaq Composite is off 4.72%, and the Dow Jones Industrial Average is down 2.16%.
If the month ends with losses for the indexes, it’ll be the first time the Dow and the S&P 500 have had three straight months of declines since March 2020.
The last time the Nasdaq fell for three consecutive months was back in June 2022.
–Darla Mercado, Chris Hayes
8 Hours Ago
Stocks making the biggest moves after the bell: Intel, Amazon and more
These are the stocks moving the most in after-hours trading:
Amazon — The e-commerce giant’s shares gained 3.8% after beating analysts’ forecasts on the top and bottom lines in the third quarter.
Intel — The stock traded nearly 9% higher in post-market hours after the semiconductor chip manufacturer beat third-quarter earnings.
Chipotle Mexican Grill — The burrito chain gained more than 2% in extended trading on the back of earnings results that beat what Wall Street was expecting, based on a survey of analysts by LSEG.
Read the full list of stocks moving here.
— Lisa Kailai Han
8 Hours Ago
Stock futures open higher Thursday
Jessica Roberts is a seasoned business writer who deciphers the intricacies of the corporate world. With a focus on finance and entrepreneurship, she provides readers with valuable insights into market trends, startup innovations, and economic developments.
