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Morning Report 28 Feb 24: Wall St, data countdown continues
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US sharemarkets were mixed on Tuesday ahead of US inflation and other economic data that could shed light on the possible timing of a US Federal Reserve interest rate cut. Chevron and Hess fell between 1.5% and 3.1% after Exxon Mobil said it's considering a move that could break up the companies' US$53 billion merger and increase its share of Guyana's giant offshore oil reserves. Viking Therapeutics surged 121% following a weight-loss drug trial success. But Amgen, which is developing a weight-loss drug, dropped 2.8%, pressuring the Dow Jones. A bullish outlook from Norwegian Cruise Line pushed its shares 19.8% higher. Retail giant Macy's jumped 3.4% after announcing it would close around 150 of its struggling stores after reporting a revenue miss in the prior quarter. Lowe's gained 1.8% after posting an earnings beat. Zoom Video soared 8% following earnings reports that exceeded Wall Street expectations
Morning Report 28 Feb 24: Wall St, data countdown continues
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